Fintech startup ‘Trupay’ eyes profitability in 6 months

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New Delhi | Updated: March 27, 2017 7:35:51 PM

Fin tech startup Trupay is aiming to turn profitable in the next six months and looking to breach the Rs 100-crore mark in terms of transactional value during the period.

Trupay co-founder Vivek Lohcheb said Trupay has been made platform agnostic enabling merchants to request or accept payment from any application. (Twitter)

Fin tech startup Trupay is aiming to turn profitable in the next six months and looking to breach the Rs 100-crore mark in terms of transactional value during the period. “We are focussing on enterprise payments after launch of various UPI apps including BHIM. …we are witnessing good traction among enterprises for Trupay. We expect transaction value using Trupay will reach Rs 100 crore in six months and then we will also turn profitable,” Trupay co-founder Vivek Lohcheb told PTI.

He said Trupay has been made platform agnostic enabling merchants to request or accept payment from any application. “We have made Trupay platform agnostic to help merchants. For every app, merchants or enterpise is required training. Therefore, instead of using various apps, we are easing digital payment option. We now have 1,000 merchants using Trupay with transaction value of Rs 10 crore,” Lohcheb said.

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He said Trupay is collaborating with enterprise software firms to integrate Trupay service in their product to reach large enterprises. “We have 5 lakh consumers using Trupay but our focus will remain on merchants and enterprise,” Lohcheb said.

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