BENGALURU: IDFC Spice fund and Micromax Informatics backed TranServ has appointed Salil Mody as senior vice president of corporate strategy. Mody was the former senior director of South Asia Market at Mastercard and has also worked with PayPal. The digital payments company has also onboarded former head of partnership at MobiKwik, Ushpinder Singh as the senior vice president and head of merchant business.
TranServ has been looking at API integration with businesses to provide digital payment solutions to merchants and works with businesses such as Bookmyshow, Askmebazaar and others. Its digital wallet Udio launched in January 2016 allows peer-to-peer transactions and offers a suite of solutions for individual customers and merchants.
The new leadership in the company is targeted at creating new product lines and on-boarding new enterprise clients for its non-transaction products for utilisation by enterprises.