4 ms·
Interesting product. Seems like you are attempting to do in India what Stripe has done in the US. Which are the banks you are integrating with right now? Also,
by pkphilip 6y ago
Interesting product. Seems like you are attempting to do in India what Stripe has done in the US.
Which are the banks you are integrating with right now? Also, what is the value proposition that you are offering to ecommerce customers which is not provided by the likes of RazorPay, Instamojo etc? Or is this more useful for companies like Instamojo and Razorpay for backward integration with the banking sector?
- rohittaneja 6y agoThanks Phillip! Yes, there are few similarities with some features of Stripe, although we don't do card processing (payment gateway). Our transactional APIs essentially enable seamless movement from bank to bank. Our current banking partners are - YES Bank, ICICI, Citi, and more in pipeline. Yes, this is for a deeper level of banking integration like issuing new financial instruments, fetching bank statements from a linked account directly, beyond what payment processors provide.
- abhishekash 6y agoAll private banks up there? How has been your experience with public sector banks so far ?
- rohittaneja 6y agoHi Abhishek, Public sector banks will take a while, of course. But we will taking at least a couple of them onboard.
- pkphilip 6y agoThank you for the answers and congratulations on this venture!