Latest news with #PayG
Fashion Network
2 days ago
- Business
- Fashion Network
PayG appoints Harmeet Sethi as chief executive officer
PayG, a leading homegrown Indian payment gateway for retailer has strengthened its leadership team with the appointment of Harmeet Singh Sethi as its new chief executive officer, effective immediately. In his new role, Sethi will lead strategic vision and execution across product innovation, regulatory landscape alignment, and stakeholder engagement. He will also be responsible for onboarding small traders and micro-entrepreneurs onto the PayG mobile app and collaborating with ONDC to enable broader digital commerce access for local businesses across the country. Commenting on the appointment, Kamal Manohar Jangeti, chairman of PayG in a statement said, 'Harmeet brings deep fintech expertise and a proven global track record in building customer‑centric and technology‑led platforms. Under his leadership, PayG is well positioned to drive R&D, expand product reach, and deliver sustained growth across diverse markets.' Harmeet Sethi added, 'I am thrilled to join PayG at such a pivotal stage. As digital transactions are surging across India, and customer expectations are evolving rapidly. My goal is to reinforce PayG's tech‑driven foundation while ensuring data security, compliance, and operational resilience. Together with the PayG team, we will continue innovating to stay ahead of customer needs and market trends.' Harmeet Sethi has more than 25 years of leadership experience spanning technology, financial services, and global markets.
Fashion Value Chain
5 days ago
- Business
- Fashion Value Chain
PayG Appoints Harmeet Sethi as Chief Executive Officer
PayG, a leading homegrown Indian payment gateway innovating financial infrastructure for MSMEs, SMEs, and retailers, is pleased to announce the appointment of Mr. Harmeet Singh Sethi as its new Chief Executive Officer, effective immediately. Mr. Harmeet Singh Sethi, Chief Executive Officer, PayG Harmeet brings more than 25 years of leadership experience spanning technology, financial services, and global markets. His career includes high-impact roles across India, North America, the Middle East, and Southeast Asia, where he has led digital transformation, fintech expansion, and enterprise sales initiatives. Over his career, he has helmed transformative initiatives across fintech, digital payments, cross borders payment and financial infrastructure, cultivating strong regulatory-compliant operations and delivering scalable solutions. In his new role at PayG, Harmeet will lead strategic vision and execution across product innovation, regulatory landscape alignment, and stakeholder engagement. His top priority will be enabling seamless digital transactions that are accessible, secure, and efficient especially for merchants in semi-urban and rural India. A key focus will be on enhancing PayG's mobileâ'first, lowâ'bandwidthâ'optimized payment solutions (QR codes, SMS links, app-based virtual POS) without requiring costly hardware. In alignment with the Digital India vision, Harmeet will also focus on onboarding small traders and micro-entrepreneurs onto the PayG mobile app and collaborating with ONDC to enable broader digital commerce access for local businesses across the country. 'I am thrilled to join PayG at such a pivotal stage,'Mr. Harmeet said. 'As digital transactions are surging across India, and customer expectations are evolving rapidly. My goal is to reinforce PayG's techâ'driven foundation while ensuring data security, compliance, and operational resilience. Together with the PayG team, we will continue innovating to stay ahead of customer needs and market trends.' PayG Chairman Kamal Manohar Jangeti welcomed Harmeet to his new role and said, 'Harmeet brings deep fintech expertise and a proven global track record in building customerâ'centric and technologyâ'led platforms. Under his leadership, PayG is well positioned to drive R&D, expand product reach, and deliver sustained growth across diverse markets.' In May 2025, PayG received its official Reserve Bank of India Payment Aggregator license, empowering the company to offer fully compliant, secure, and scalable financial services. This milestone amplifies PayG's capability to deepen its fintech ecosystem presence and broaden its product offerings. With Harmeet steering the helm, PayG plans to accelerate product innovation, strengthen regulatory compliance, expand merchant adoption, and extend depth of service especially into tier II/III cities and rural districts. About PayG Founded in 2020, the PayG payments solution is one of the most trusted payment gateway service providers in India. We proudly make our payment gateway one of the most affordable ones so that everyone can access it. PayG also frees the merchants from all sorts of extra charges. So, you pay for only what you want – no hidden terms and conditions. As of now, PayG has partnered with 1000+ SMB merchants and 50+ enterprise clients. PayG features over 120+ payment options which include various banks' credit cards, debit cards, net banking, and wallets to accept payment easily.
Fashion Value Chain
28-05-2025
- Business
- Fashion Value Chain
PayG Secures RBI Payment Aggregator License – A Pivotal Milestone in India's Fintech Evolution
PayG, a leading homegrown payment gateway, is proud to announce that it has been granted the Payment Aggregator License by the Reserve Bank of India (RBI). This landmark achievement represents a major step forward in PayG's mission to create a secure, inclusive, and innovation-led payment infrastructure for India's digital economy. With the license in hand, PayG is now fully authorized to continue delivering seamless and compliant digital payment solutions to its expanding network of merchants and consumers. This license solidifies PayG's mission to build a future-ready payment ecosystem that's inclusive, scalable, and relentlessly focused on empowering India's economic backbone-its micro, small, and medium enterprises (MSMEs). From bustling urban shops to small-town traders, PayG is breaking down barriers to digital commerce, making it easier for businesses to thrive in India's fast-evolving digital economy. Commenting on the achievement, Mr. Kamal Manohar Jangeti, Chairman of PayG, stated, 'Receiving the RBI's authorization is a moment of great pride for us. It underscores our commitment to regulatory compliance, transparency, and innovation in the fintech sector. We deeply appreciate the trust placed in us and remain dedicated to empowering businesses across India to thrive in the digital era.' Empowering the Heart of India's Economy PayG is laser-focused on transforming the digital journey for MSMEs and retailers. By offering user-friendly, secure, and affordable payment solutions, PayG is helping small businesses-from street vendors to local retailers-join the digital revolution. With over 120 payment options, including credit cards, debit cards, net banking, and wallets, PayG ensures every transaction is smooth, accessible, and cost-effective, with no hidden fees. PayG is also actively advancing its partnership with ONDC (Open Network for Digital Commerce). Following the successful trader onboarding drive that happened recently in the city of Pune, PayG plans to replicate this initiative in key markets across India-simplifying digital commerce entry for MSMEs. These efforts are supported by localized outreach programs and events designed to help merchants understand and adopt digital payments. By meeting merchants where they are geographically and digitally, PayG is making the transition to digital not just accessible but profitable. Innovating for the Future: A Tech-First Approach As part of its forward-thinking roadmap, PayG is investing significantly in product upgrades, advanced security frameworks, and feature-rich tools designed specifically for MSMEs and retailers. Upcoming innovations include: Advanced analytics to help merchants make smarter decisions Seamless credit facilitation services Integration with popular business platforms for end-to-end solutions Easy-to-use payment experience tailored to small businesses Vision for Tomorrow: A Digitally Inclusive India With the RBI's backing and a clear vision ahead, PayG is more committed than ever to building a future-ready payments infrastructure. One that is secure, inclusive, and empowering-for every merchant, in every corner of India. 'We see ourselves as not just a payments company,' added Mr. Jangeti. 'We are a digital ally for India's merchants-helping them grow, compete, and lead in the new economy,' he added. About PayG Founded in 2020, the PayG payments solution is one of the most trusted payment gateway service providers in India. We proudly make our payment gateway one of the most affordable ones so that everyone can access it. PayG also frees the merchants from all sorts of extra charges. So, you pay for only what you want – no hidden terms and conditions. As of now, PayG has partnered with 1000+ SMB merchants and 50+ enterprise clients. PayG features over 120+ payment options which include various banks' credit cards, debit cards, net banking, and wallets to accept payment easily.
Fashion Value Chain
06-05-2025
- Business
- Fashion Value Chain
PayG Drives Digital Transformation of Indian MSMEs and Traders with the Launch of INSPIRE, in Collaboration with ONDC and Elite Global Links Foundation
Reaffirming its position as a frontrunner in Indias fintech and digital commerce ecosystem,PayG, a leading homegrown payment gateway, has taken a transformative step by launching INSPIRE, an outreach programme designed to empower MSMEs and traders across the country. This initiative is a collaborative effort between PayG, ONDC (Open Network for Digital Commerce), and the EGLF, aimed at democratizing access to e-commerce and digital payments for Indias vibrant business community. Leaders and changemakers in digital payments came together at the INSPIRE event hosted by PayG PayG, founded in 2020, is purpose-built to simplify digital transactions for Indian businesses especially MSMEs, SMEs, and retailers in semi-urban and rural markets. With its lightweight, mobile-friendly app optimized for low-bandwidth environments and a virtual POS system, PayG eliminates the need for expensive hardware while enabling merchants to accept payments via QR codes, SMS links, and mobile apps. The launch event brought together a distinguished gathering of policymakers, industry leaders, and trade association representatives, all united by a shared mission: to accelerate Indias digital economic inclusion through innovative and indigenous solutions like PayG. The event was graced by eminent Guests of Honour, Shri Ashwani Mahajan, National Co-Convenor, Swadeshi Jagran Manch; Dr. Dnyaneshwar M. Mulay, Advisor to NSDC; Shri Sunil Singhi, Chairman, National Traders' Welfare Board, DPIIT; Shri Ravindra Sathe, Chairman, Maharashtra Khadi Village Industries Board; and Shri Lalit Gandhi, Chairman, Jain Minority Financial Development Corporation & President, MCCIA. Other notable attendees included Shri Dhairyashil Patil (CAIT & AICPDF), and Shri Bhimji Bhanushali (Grains Rice Oilseeds Merchants Association), reflecting strong national support from the trader and MSME communities. Shri Kamal Manohar Roa Jangeti, Chairman of PayG, said, 'INSPIRE is a pivotal step toward empowering India's MSMEs and traders with digital tools and global access, and we at PayG are proud to support this national mission to unlock their full potential. By fostering innovation and financial inclusion, we aim to accelerate their growth and integrate them into the global digital economy. PayG stands as a symbol of India's digital self-reliance – built in India, for India.' Shri Ashwani Mahajan praised PayGs dual role as a Buyer and Seller Network Participant in the ONDC ecosystem, highlighting its fee-free onboarding model for MSMEs and traders as a disruptive, inclusive move. He encouraged trade associations nationwide to rally behind such domestic innovations that can compete with global e-commerce players and ensure Indias digital sovereignty. Shri Sunil Singhi also commended PayG for its proactive leadership in championing the needs of small businesses and traders, while representatives from the Ministry of MSME, including Shri Abhay Daptardar, applauded the vision and execution of the INSPIRE programme. Harmeet Singh Sethi, Head of Business and Operations at PayG, added, 'PayG is proud to lead this national movement by offering not just payment solutions, but a complete digital commerce bridge that connects small businesses to vast market opportunities, both locally and globally. Our collaboration with ONDC ensures that even the smallest trader in India can now be part of the digital economy with zero barriers to entry.' The launch of INSPIRE is a pivotal milestone for PayG, underlining its commitment to financial inclusion, technology-led growth, and empowering Bharat's grassroots enterprises. As a made-in-India payment gateway, PayG continues to redefine what is possible for Indian MSMEs in the digital age. About PayG Founded in 2020, the PayG payments solution is one of the most trusted payment gateway service providers in India. We proudly make our payment gateway one of the most affordable ones so that everyone can access it. PayG also frees the merchants from all sorts of extra charges. So, you pay for only what you want – no hidden terms and conditions. As of now, PayG has partnered with 1000+ SMB merchants and 50+ enterprise clients. PayG features over 120+ payment options which include various banks credit cards, debit cards, net banking, and wallets to accept payment easily.
