New Delhi: Payments app – Trupay which has been created to change the payments ecosystem in India, has successfully crossed 50,000 installs on the Google play store within a month of launch. The revolutionary App aims to transform the entire payments ecosystem.
Trupay by-passes all intermediate layers, allowing the user to pay anyone on its contact list directly from one’s bank account instantly. It securely transforms one’s bank account into a pay on the go solution which can then be used to pay anyone with just their phone number. Trupay has been rigorously tested and the App was even piloted by some of the biggest companies in the e-commerce space. So, in a nutshell, not only does Trupay allow monies to be transferred from individual bank accounts, it even creates a solution for segments like e-commerce and retail wherein buyers can now pay companies through their smart-phone, creating a hassle-free payments system.
Speaking on Trupay, Rahul Gochhwal, Co-founder of Trupay and an alumnus of IIM Calcutta said “We have been working on this App for more than a year now. Our aim was to enable transaction of money between individual bank accounts and shopping both online as well as in a store.
Narender Kumar, Co-founder of Trupay and a great fan of Elon Musk explains, “I think it is important to solve a problem from first principles and try to find those fundamental truths. That is the only way to come up with transformative solutions else we come up with only slight iterations of what has been already been done before.
Vivek Lohcheb, the third Co-founder, an alumnus of IIM Bangalore and the growth hack amongst the three added, "Jan Dhan Yojana bolstered with the recent JAM (Jan Dhan-Aadhaar-Mobile) initiative by the Government has tremendously expanded our reach. We want financial inclusion and with Trupay, every one with a bank account and a mobile becomes a potential user for Trupay.