Based out of Mumbai and incepted in 2009, Intelligent Payments offers its innovative Banking as a Service (BaaS) platform to issue and manage Co-Branded Pre-paid cards.
The company platform allows businesses to embed financial services into their ecosystem with high-end user experiences and unique financial offerings. With it, businesses can now offer digital banking services to their customers without connecting with banks and other financial institutions.
About the Founder
Vikas Om Choudhary is the dynamic Founder & CEO of Intelligent Payments. He is an exceptional leader who transformed the payment industry space with the most unique and cutting-edge products like RupEase which is the major platform for all payment processes.
Vikas brilliantly fuses the current communication infrastructure with the latest conceived payment processing and unique smart card to offer a cashless payment mechanism throughout different establishments. He is a pro at managing different business connections as well as business development in India.
During his initial times, Vikas had a great passion for cricket and was trained under Achrekar Sir who was the coach of International Cricket players like Vinod Kambli, Sachin Tendulkar, and Paras Mhambrey. Apart from this, Vikas comes from a business background and started his first business at the age of 17 right after his ICSE exam.
Services Offered
With Banking as a service, a more speedy and comfortable future for embedded cards has arrived IP is a Prepaid Cards & Payments technology offering some of the most flexible and quick-to-market services in the prepaid payments industry.
IP has completed the tech stack for Card issuance & management while also offering its program management expertise.
About Excellent Products
IP has launched 2 of its major brands RupEase & Upshot in 2020 and they have been successful programs implemented by the company ever since.
RupEase is India’s first caringly curated people-focused fintech platform, that offers a host of unique benefits to enterprises and their employees. The success of any organization is directly related to how engaged its employees are. The product’s unique Employee Happiness ProgramTM offers an integrated approach to employee benefits, wherein both corporate employees and administrators can submit and process claims, with a few clicks. Employees get savings from specially curated deals in Healthcare, F&B, Transportation, Communication, Travel, and many other areas. Expenses made through the program – at both online and offline merchants are immediately visible to administrators and claims can be settled instantly, resulting in large savings and productivity benefits for all stakeholders.
Right from Hiring to Retiring, Upshot comes with all the features to handle your workforce efficiently, and you will feel like an extra member has been added to your team to take your burdens off. Leave all the back-office work to our AI-equipped platform and engage with people in a livelier way than ever. The company wants you to focus on people, not processes or papers. It believes that employees are crucial to any organization’s success. Expense claims and reimbursements are key factors impacting satisfaction and retention the most. Employees need to be equipped with the right tools to reduce complexity and frustration during this process.
Challenges Surpassed
IPS’s focus has been prepaid cards & wallets since 2009. Banks in those days did not understand the concept of Fintech & partnering with Banks etc. was a huge challenge. However, a relatively younger bank in those days, Yes Bank, understood our requirements & supported the company’s needs.
On asking the Founder, what mantra he did follow to surpass the challenges, he said, “We use our program management expertise to ensure every program is a success, while our competition only offers tech. We offer robust tech, program management support & Multiple values add.”
The Future of IPS
On asking what is there in the future of Intelligent Payment Systems, the Founder says, “The prepaid card market has a huge potential not only in India but across the World & we intend to take our solution across the globe.”
At present, IPS is launching India’s first-of-its-kind real-time Cashless OPD solution for the Health Insurance industry.
A Piece of Advice
On asking Vikas, what advice would he like to give to budding entrepreneurs he asserts, “Perseverance, go all out to achieve your dreams & don’t be afraid to fail, they will only make you stronger & wiser.”
