Intro

Vinipay understands the challenges faced by international merchants who want to expand into the Indian market. While domestic payment processing in India is well-established, global businesses encounter constraints when entering the market. These constraints include GST registration, tax calculations, invoicing requirements, and the need for local customer support for payment-related issues. These complexities often deter businesses from entering India without establishing a local operational presence in each market they target.

To address these challenges, Vinipay has developed a Merchant of Record/Reseller product specifically focused on India. This solution allows merchants to enter the Indian market, one of the largest and most complex markets, without the burden of setting up a local entity, bank account, or GST registration, or partnering with a payment gateway. Vinipay acts as an Indian entity and Merchant of Record, handling transaction processing, taxation, invoicing, and providing a wide range of local payment methods such as Net banking, UPI, and wallets through RBI-approved Payment Gateway Service Providers.

With Vinipay, merchants can launch their digital businesses in India with zero overheads. They can offer local payment methods to their customers while Vinipay settles funds in the merchant's desired currency. Vinipay also provides a consolidated report for all transactions processed through its platform across multiple currencies, simplifying financial management.

By leveraging its local expertise, Vinipay streamlines payment processing, taxation, invoicing, and customer support, making it easier for international merchants to enter the Indian market. This comprehensive solution simplifies the complexities of operating in India and provides a seamless experience for merchants.

Furthermore, Vinipay is excited to announce the upcoming launch of its lowest-cost cross-border payment services from India. The platform aims to revolutionize international money transfers by offering quick, user-friendly processes, top-notch security, and competitive exchange rates. Whether it's businesses expanding their global reach or individuals sending money to loved ones overseas, Vinipay aims to make cross-border payments affordable, efficient, and hassle-free.

Stay tuned for the official launch of our services, where you'll have the opportunity to sign up, explore our features, and experience the convenience of sending money abroad with Vinipay. We are eager to help you save time, money, and effort on all your cross-border payment needs.

Team

Suraj Krishnaswamy- Co-Founder & CEO

Investment Banker-Experience in Trade Operations, Transaction Banking and Corporate Banking with AMEX, IDBI, ABN-AMRO, Yes Bank. PGDGM from NMIMS. Experience of running a Travel-Tech startup.

Aparna Krishnaswamy- Co-Founder & Head Strategy and Planning

PGDGM in Public Relations and EPYP(IIM-C). Experience in running a Travel Tech startup.

P.K. Sharangi - Co-Founder & Head of Compliance

MA. CAIIB, CIA Extensive experience in commercial and regulatory banking specifically in the field of Regulatory Policy, AML & Compliance. Worked in RBI, American Express Bank, Deloitte India as well as Central Bank of Oman.

K.S. Balakrishnan- Advisor

Banker with 35+ years of experience in an international bank covering Banking operations, Retail banking, Branch Management, Credit & Loan Administration, FX & Money Market, Trade banking, Treasury back office, Customer Servicing, Deposit and Cash operations, New accounts, Operations Risk, Governance and Compliance. Held various senior positions both domestic and international with an American multi national bank.