MUMBAI: TranServ, a Indian digital payments company, has roped in Salil Mody as SVP corporate strategy and Ushpinder Singh as the SVP and head merchant business. Mody will focus on driving corporate strategy, inorganic growth and innovative initiatives like micro-credits. While Singh will lead the merchants business and will be responsible for sales of the Udio product suite with special focus on API integrations and digital payment solutions of the company.
Speaking on the new appointments, TranServ co-founder and CEO Anish Williams said, “2016 is an important year for us at TranServ. We launched our flagship product Udio, India’s first social wallet, and have been adding interesting features to our Udio product suite for merchants. We have even forayed into the corporate space with expense management solutions, and have also just secured Series C investment from Micromax and IDFC Mutual Funds. We are now aggressively focusing on providing more secure and seamless payment offerings for both our merchants and consumers. By welcoming Salil and Ushpinder, we are looking to leverage their expertise in digital payments to consolidate our leadership position within the Indian market even further. We are confident that their addition will add another dimension to our business strategy and will aid us immensely in our continued growth and success.”
Mody comes with an MBA from the Kellogg School of Management and holds a Master’s degree in computer engineering from the University of California. He comes with experience in the payments space with 8 years at PayPal across Silicon Valley and India. Prior to his joining, he was at MasterCard where he was responsible for market development for South Asia.
On the other hand, Singh comes with 16 years of work experience with 6.5 years in the mobile payments space. Prior to TranServ, he was heading partnership and strategic alliances at MobiKwik. Before venturing into mobile payments, he has worked with various CMM L5 technology consulting companies, both in India and US.
TranServ’s current focus is on corporate and business strategies ensuring a healthy balance between sustainability and growth. The company has also forayed into the corporate space through its small value employee payments delivered via the Udio app and is looking to capture 35 percent of the market by the end of the current fiscal. It has been actively trying to create a more integrated, ubiquitous and holistic mobile payments infrastructure within the country through its innovative tech-based solutions.
