Ezetap, the leading provider of universal mobile payments, has been named to the 2017 CNBC Disruptor 50, an exclusive list ranking the top private companies whose innovations are transforming the economy and changing industries.
Ezetap landed at the number 16 spot this year, and marks the company's second consecutive appearance on the list.
"It is incredibly validating for Ezetap to make the Disruptor 50 list for the second year in a row because it affirms our sustained growth and potential to revolutionize financial technology in India and beyond," said Abhijit Bose, CEO and Co-Founder of Ezetap.
"What was a vision for India one year ago has turned into a reality, beyond our most optimistic predictions, thanks to a push from the government and rapid adoption by both consumers and merchants. India will be the template and architecture for how payments is managed globally 10 years from now," added Bose.
India is in the middle of a transformation in which it will move from a paper-based, opaque, non-inclusive economy to one which is online, digital, transparent and built from scratch using the latest technology in the world.
Ezetap is one of the companies in India driving this transformation, providing a single, unified solution for digital payments to businesses of all sizes. In November 2016, the market got a hyper-boost when Prime Minister Narendra Modi decided to make financial inclusion and a digital economy the top priority of his government.
Prime Minister Modi's decision to remove 86 percent of currency in circulation fast-tracked consumer adoption of digital payments, putting pressure on merchants and large-scale businesses to transact in multiple ways.
Ezetap is the only company to have built a full stack, configurable payments platform, allowing any business - from independent merchants to large-scale enterprises - to accept all forms of payment, whether physical debit or credit cards, online payments, mobile wallet, or an instant consumer-to-consumer money transfer via mobile apps through the Indian Government's new "UPI" network.
Through simple configuration from Ezetap - and without any technical effort from a merchant - the business is not only set up to accept payments, but also can act as a bill payment center, eGovernment service point, ATM, full service bank branch, and more.
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