TranServ announces phase of growth with new members on board

TranServ, one of the leading digital payments company, has recently strengthened its leadership ranks with the appointments of Salil Mody as its SVP - Corporate Strategy and Ushpinder Singh as the SVP and Head- Merchant Business. These appointments highlight the company's focus on key areas of business strategy as well as creating the right blend of people in the organization.

Salil comes with an MBA from Kellogg School of Management and holds a Master's degree in computer engineering from University of California. He comes with valuable experience in the payments space with eight years at PayPal across Silicon Valley and India.

His last role, prior to joining TranServ, was at MasterCard where he was responsible for market development for South Asia. At TranServ, Salil will focus on driving corporate strategy, inorganic growth and innovative initiatives like micro-credits.

Ushpinder has joined TranServ to lead the Merchants Business and would be responsible for sales of the Udio product suite with a focus on API integrations and digital payment solutions of the company. Ushpinder 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, Ushpinder has worked with various CMM L5 technology consulting companies, both in India and US.

Speaking on the new appointments, Anish Williams, Co-founder and CEO, TranServ, commented, "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," added Anish.

With an end-goal of creating the perfect digital payments solutions, TranServ's current focus on corporate and business strategies ensures a healthy balance between sustainability and growth, and has led to its position as one of the most promising fin-tech ventures in the country. 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.

Furthermore, TranServ has been actively trying to create a more integrated, ubiquitous and holistic mobile payments infrastructure within the country through its innovative tech-based solutions. Not only did it pioneer the concept of social payments in India, but has also partnered with Micromax and Visa to establish a cross-channel, digital-led, online-to-offline payments ecosystem to fulfill its vision of making India a truly cashless economy.