siliconindia | | August 201919Pay1 also helps its clients advertise and brand them-selves through various offline channels to enhance their networks. For instance, if a Mobile store sells only mobiles & accessories, with Pay1, it becomes a one-stop solution for payment solutions, along with other moving consumer goods. In other words, cus-tomers get more footfalls and increase their revenue. No wonder the platform today is used by more than three lakh retail shops across 1000 cities in India to reach-out to their audiences. This Mumbai-based firm also on-boards new services quickly based on the re-tailers' requirements, alongside upgrading & uplifting its network constantly. This ensures its clients have a stable business. Pay1's customer-centric approach is not just about understanding retailers and creating the products to fill the carters, but also about providing them with great user experience and seamless support. Sahdev Pay1 on-boards new services quickly based on the retailers' requirements, alongside upgrading & uplifting its network constantlyYadav, a Pay1 Distributor from Mumbai says, "Pay1 has given an extensive boost to my income. Earlier, I use to earn limited income; but now, after being a part of the platform, I make a good & a steady income with Pay1 services. Today, I have 100+ retailers under me who are using Pay1 services".Throwing light on the inception story, Alakh avers, "Post the success of our first online distribution approach, we started ven-turing into offline distribution and found a gap in the distribution process. Due to offline method, several new opportunities failed to reach the small merchants, preventing them from evolving with time & technology". The 2016's demonetization initiated a new culture in the country and acceleration happened in 2017 with more focus on digitization. He adds, "We strive to make all the micro merchants a part of the digitization by bestowing them platforms that help them to grow leveraging the upcoming changes, instead of demolishing under them". Moving towards DigitalizationComprehending the importance of inventory management for local stores, Pay1 today is busy developing an inventory man-agement solution that will enable shopkeepers to keep a track of how many pieces of particular device/category is pushed. Meanwhile, it is also coming-up with an online model/solution, enabling shopkeepers to reach their customers digitally, in ad-dition to a real-time on-boarding solution that offers the entire backend report for verification & the assessment process within 24 seconds. Inclusion of more services in the payroll platform and launching a digital awareness channel in order to bring more customers are also on the cards. These distinct approaches aid Pay1 to acquire momentum among e-Commerce players like Flipkart, Amazon, Paytm, and others.After establishing its presence in North-East India, Pay1 to-day is looking forward to expand its footprint across the South-ern India. "The transaction volume is now broader and has in-creased by more than twice the amount it was 12 months ago. Also, we are expecting it to rise further and double in the com-ing year," concludes Alakh. Pay1 looks forward to make more retailer communities the ambassadors of the digital revolution, especially women who look at this promising platform as a new world of micro-business opportunities. KEY MANAGEMENTAlakh Naresh Gargiya, CEOAlakh brings a rich experience at business build-out & turnaround management and leads the charter at micro-entrepreneurs and inclusive employment opportunities in the retail segment.Office: MumbaiServices: PAY 1 DIGI, PAY 1 MERCHANT, Pragati Capital, TRAVEL, & SHOP 1
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