TranServ announces its new phase of growth with a fresh line of leaders added to its management ranks

Mumbai, May 3rd, 2015: 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 – 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 organisation.

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 8 years at PayPal across Silicon Valley & 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 & 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 & 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 & 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 & IDFC Mutual Funds. We are now aggressively focusing on providing more secure & seamless payment offerings for both our merchants & consumers. By welcoming Salil & 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.”

With an end-goal of creating the perfect digital payments solutions, TranServ’s current focus on corporate & 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% 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.

About TranServ

TranServ is India’s leading fin-tech company focused on creating the best possible payment experiences for individuals and business partners. TranServ offers the Udio wallet to individuals which is a platform of choice for P2P transactions, including social gifting, ability to split bills and make group payments and also enables business partners to deliver a delightful consumer experience by utilizing our cutting-edge technology. TranServ’s rich API stack is being used by both merchant partners & corporates to scale, collect and disburse payments to individual customers, employees, vendors or suppliers in an efficient manner.

Visit www.transerv.co.in / www.paywithudio.com / www.udioforyou.com

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