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Looking to disrupt fintech industry with payment solution: Route Mobile

market | Dec 20, 2021 11:34 AM IST

Looking to disrupt fintech industry with payment solution: Route Mobile

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Route Mobile's Gautam Badalia told CNBC-TV18 the payment solution, which it expects to disrupt the fintech industry with, will be margin accretive for the company.

Platform as a service (PaaS) company Route Mobile's Group Chief Strategy Officer and Chief Investor Relations Officer, Gautam Badalia, told CNBC-TV18 the firm is looking to disrupt the fintech industry with its payment solution.

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Route Mobile is taking its payment solution to enterprises currently, and will aggregate its UPI channels over its communication platform as a service (CPaaS) stack, Badalia said.
“Payment Solution will be significantly margin accretive. We will have a take rate on the GMB or the volumes that we will be processing through our apps or through our CPaaS stack,” he added.

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“We very recently closed on qualified institutional placement (QIP) where we raised about Rs 865 crore and a large part of that will definitely be used to bolster our product capabilities; kind of look at a product line expansion, as well as geographical expansion,” he said.
According to Badalia, Route Mobile expects to grow at 30 percent in the current financial year.
Application-to-person (A2P) SMS communication unit will continue to grow at 20-25 percent, he added.
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