Building the B2B Payments Stack for India | Sundeep Mohindru @ M1xchange
Building the B2B Payments Stack for India | Sundeep Mohindru @ M1xchange
You’ve probably heard the saying, "Nothing can stop an idea whose time has come." But sometimes, an idea needs a powerful champion to bring it into the world.
Take UPI, for example. We now take UPI for granted, but it's the envy of the world. Even in the US, there's no payment infrastructure as seamless as UPI. It took the vision of the RBI and NPCI to conceive and nurture this revolutionary system.
While UPI has made consumer payments effortless, small business owners in India still face challenges in receiving payments from large corporations. Complex bureaucratic processes and stringent payment terms often delay these transactions.
But just as UPI revolutionized consumer payments, a similar transformation is underway in the B2B payments space, and it’s called TReDS.
TReDS, also a brainchild of the RBI, has had a longer gestation period. However, its impact could be just as revolutionary as UPI.
Sundeep Mohindru, the founder of the leading TReDS company M1XChange, explains the brewing of the TReDS revolution in India.
He also shares insights from his journey as a serial entrepreneur who has built and scaled multiple businesses over the past two and a half decades.
Other Ways to Listen:
Watch the full episode on YouTube
Additional readings:-
2.M1xchange Surpasses INR 1,00,000 Crore in Invoice Discounting Throughput
3.In conversation with Mr. Sundeep Mohindru- CEO , M1xchange
5.M1xchange offers cross-border bill discounting from GIFT city, says TReDS will boom
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Until the next founder's thesis📕,
Your host, AD