Regardless of whether a business is a big colossus, or transitioning between SMEs, or MSMEs, today, has understood the dire need of B2B stages and receiving them to deal with their incomes. However, back in 2017, the situations were quite different. There was an immense gap in the market because most ventures were confused by the fake commitments and limits offered by online payment service providers; in a manner denying them of rightful quality services.
This is what set off Rashmita Nayak and Vinay Sharma, Directors of IMwalleT to come up with a one–stop-search for retail organizations, which presented them with first–class and exceptionally straightforward Telecom and Fintech service providers.
IMwalleT commenced its operations with the visionary tagline ‘Har Retailer ka WalleT’. It was formally settled in 2017, exclusively claimed by Virtual Wallet Systems Private Limited: a solid foundation of Telecom and Financial Technology Business. The idea was to give a one–stop answer for the retail network with a wide scope of telecom and financial tech administrations. The characteristic movement was to connect Banks, Utility Billers, and Mobile Operators and Purchasers to facilitate easy transactions from their comfort, whenever, anyplace.
Today, IMwalleT is a fast, reliable, and secure payment preparing stage in India. Under this stage, IMwalleT provides all major and most versatile administrator revives including postpaid bills, utility bills, or payments like electricity bills, insurance bills, landline bills, etc. to different administrations in a single window. It likewise offers Domestic Money Remittance administrations, so you can move cash to your companions and family immediately. Approximately 30,000 Recharge and Bill Payments measure consistently through the dynamic retail counter.
An Erudite Leader
As the CEO of IMwalleT, Rashmita Nayak runs all facets of the business. Rashmita has a proven executive management track record and over 10 years of experience driving sales growth in the technology industry. With a typical enthusiasm to unleash the retailers from their B2B payment challenges, the pair established the framework for IMwalleT and is scaling it to mind-boggling statures from the front line. At IMwalleT, she led the transformation into an enterprise-focused company while growing sales 50% over the year.
“We are one of the fastest–growing Telecom Aggregator in India providing B2B business through Retail & Distributor Channel Partner network”
Innovation at Core
IMwalleT delivers high assistance quality to meet client requirements while remaining financially adept. It improves quality by improving the instant payment process, solid help affecting measures, and estimating consumer loyalty.
Initially, the business offered API and white-label services to the intended interest group to gain moment results. However, it was not revolutionizing the industry. Erstwhile, the market situations were quite bumpy, wherein numerous huge merchants were being beguiled by notable organizations.
It is here, IMwalleT picked up clients’ trust by serving them straightforward, first–class, and valid services. This empowered the firm to establish great and solid associations with the customers, directly from the hour of initiation. IMwalleT’s previous encounters and experience have made it simple for the company to persuade retailers and wholesalers to make the most of its armada of administrations.
IMwalleT also provides business to retailer & distributor channel partners to earn the highest commission from it. It is now the fastest–growing Telecom Aggregator in India providing B2B business through its Retail & Distributor Channel Partner network. With its outstanding service quality & unmatched support, users can Recharge, Pay Electricity or Postpaid or Landline Bills, Transfer Money to any Bank in a fraction of seconds. IMwalleT serves over 160 Business Partners & over 1000 Channel Partners with a retail network of 50,000+ serving smiles across 50,00,000 customers across rural & urban India. The company supports and advocates Digital Payments and Cash Less India initiative by the Indian government.
“We manage immense transactions sincerely and safely so that each client’s data should be safe & secure”
A Robust One-Stop-Shop
Over the past decade, several inventive developments in retail payments have emerged. As such, team IMwalleT ensures an extensive range of Recharges, Bill, and Utility Payment services under one platform to both retailers and distributors. Some of these services are prepaid mobile & DTH recharges under telecom, postpaid bill, electricity bill, water bill, insurance premium & gas bill payments under utility payments, domestic money transfer services under FinTech, IMPS & NEFT under money remittance to banks, and flight & hotel booking services under tours & travel.
At the backend, IMwalleT utilizes APIs, a white-label Android app, or web software to deliver the above-mentioned services. The company is also heavily concentrated on accelerating payment processing, either through faster settlement or through faster payment initiation.
Not a Business, But a Partner
According to Rashmita, nowadays, individuals are a lot anxious to begin their endeavors. However, the prominent difficulty they face is the absence of a financial plan. At IMwalleT, when you sign the arrangement with a retailer or wholesaler, the firm’s help group settles on a demo decision to clarify in insight regarding making legitimate record reports, trade subtleties, and finishing fruitful relationships with the clients.
Afterward, the company allots of devoted purpose of-contact for every retailer or merchant to illuminate them on the most proficient method to add wallet balance, new administrations, and neighborhood business openings accessible for them. They can profit from these services through talk, call, WhatsApp, email, or even field visits as per their relevant needs.
To guarantee that their information is secure across each payment that happens, IMwalleT collects KYC from every last one of them at the hour of onboarding and later give them login OTP, IP Whitelisting, and many other security highlights. IMwalleT Recharge that drifted to total, commoditize and convey the services in most helpful structure to the customers. The moto of the services is to give comfort and convenience to every one of its clients who are searching for online recharge related services.
“We realize there is a choice when choosing an API partner, which is why our approach is to do the right thing and foster healthy, long-term relationships.”
Advice to Live By
Advising upcoming entrepreneurs and professionals, Rashmita asserts, “Buyers are getting increasingly more dependent on the smart devices. Leading the race of brilliant gadgets, advanced cells have made a flawless space in the lives of individuals. Having a capable, energetic, and eager group that is outfitted to work as per in any circumstance is our greatest strength. We advise the new fresher’s market to create new item thoughts or now and again get the best thoughts from the market and actualize them at our organization. By enormous, our psyches are available to bring any likely tide into realization, our shoulders are prepared to take-up any heap of work, and our essence will consistently be given to clients when required.”
The Road Ahead
Focusing currently on API & white-label solutions, IMwalleT envisions acquiring a gigantic market share both from retail networks and distributors in the next two years. Every day at IMwalleT is ‘day one’ of constructing the agenda. “It’s very important to have a team that’s lively, answerable, talkative, and inventive,” Rashmita concludes.
