Nupay Business Solutions

  • Delhi, India
  • FinTechPayment platforms, Platform

Building the Next Generation payments solution for SMEs and Enterprises

Founded:
2016
Stage:
Early Revenues
Market:
B2B

Startup Video

Featured


Founded

Company Registered

May

2016

New Product Release

UPI Customer Product Launched

Jan

2017

New Product Release

Enterprise Product Launched

May

Jobs


Team Summary

Together the three co founders have 50+ years of experience in Payments & Banking being associated with Banking (HDFC/ICICI) and Management Consulting (ACCENTURE) industry. Our CTO is a seasoned IT professional with 13+ years of experience

Team

Founding Team

Current - Co Founder and COO, Nupay Strategy Consulting, Global Banking and Payments, Accenture and ECS; Former Engagement Manager, Hewlett Packard; MBA, IIM Calcutta; Delhi School of Economics

WORK

Nupay Business Solutions (2016 - present)
Co Founder

Accenture Consulting (2007 - 2016)
Senior Manager

ECS Limited (2006 - 2007)
Senior Consultant

EDUCATION

Indian Institute of Management, Calcutta
2000 - 2002

Delhi School of Economics
Master's Degree • 1998 - 2000

Delhi University
Bachelor's Degree • 1995 - 1998

Current- co founder @ Nupay Business Solutions P Ltd Ex Banker with ICICI bank and HDFC Bank Financial Services Functional Consultant @ Oracle Management Consultant (Banking) - Accenture with global banking consulting experience

WORK

Nupay Business Solutions (2016 - present)
Co Founder

Accenture (2008 - 2015)
Manager (Banking) at Accenture Strategy

Oracle Financial Services Software (2006 - 2008)
Senior Consultant

EDUCATION

The Institute of Chartered Accountants of India
Chartered Accountant

Institute of Cost Accountants of India
Cost Accountant

Delhi University
B.Com(Hons)

Alok Arora


Co-Founder

Current - Founder @nupay, Member @Payment Council of India, Past - Strategy Consultant @Accenture, National Head @ICICIBank, Regional Head @HDFCBank, Exp in Digital Payments, Cards, Retail Banking, Strategy Consulting

WORK

Nupay Business Solutions (2016 - present)
Co Founder

Accenture (2008 - 2016)
Banking Practice Lead (Senior Manager - FS)

ICICI Bank (2003 - 2008)
National Manager

EDUCATION

Institute of Management Technology, Ghaziabad
MBA • 1993 - 1995

Product/Service Summary

Nupay provides API Based Integrated Payment and Collections Solutions for processing large value transactions and high volumes.
•Nupay’s Unified Collection Module helps enterprises and SME’s in streamlining their collection process by providing a single unified view of collections from all sources – electronic, AePS, cash and cheque.
•For NBFCs the payment platform helps in immediate disbursement to the borrower. The collections module helps in managing the soft collections across all modes including NACH mandate management. It also helps in taking to markets products like bill discounting for entry and mid level NBFCs.
•Online travel firms use this solution to manage agent payment and vendor payments
•e-auction firms use the platform solution to manage the Earnest money deposit process (including automated EMD recycling)
•Nupay’s Integrated Receivables and Payable offering integrates with a company’s accounting software to ease invoice management challenges faced by enterprises

Product/Service Descriptions