UDAY KUMAR, Entrepreneurial Executive - Most Promising Fintech Entrepreneur of the Year - 2023, Hyderabad

Hyderabad,India
2023

Uday Kumar is an accomplished entrepreneur, engineer, strategist, and business enthusiast hailing from Hyderabad, India. With a strong background in FinTech, Logistics, Customer retention, Monetisation, and Last mile delivery, Uday has made significant contributions to the business world, leaving an indelible mark on the industry.

During his tenure as the Founder and CEO of Payism Technologies Pvt. Ltd. from 2013 to 2019, Uday Kumar displayed exceptional leadership skills and a visionary approach. Under his guidance, the company started from humble beginnings and quickly flourished into a formidable player in the market, achieving an impressive turnover of 2700Cr in 2017-2018. Handling the P&L for the entire business of Payism Global, Uday's strategic insights and decision-making prowess played a pivotal role in its growth.

One of Uday's notable achievements was the establishment of Payism Global's presence in 18 states, operating in 9 states with a vast team of over 400 employees, and a network of more than 30,000 retail touch points and 1500+ distributors. He successfully introduced the Domestic Money Remittance business based on Pre-Paid Instrument (PPI) for the B2B segment, demonstrating his ability to identify and capitalize on lucrative opportunities in the financial sector.

Furthermore, Uday Kumar's innovative mindset led to the development of Multiple application POS machines (super POS) and micro ATMs designed to cater to rural areas, expanding monetization and technology services to untapped markets. Notably, his efforts in providing prepaid cards for farmers facilitated loan approvals and settlements, along with the sale of e-commerce products through a unique dashboard accessible to customers without internet access or smartphones.

As the head of Operations, Uday effectively managed the backend support and network, implementing robust operational policies and fostering a culture of excellence. His skills in forging alliances with various entities, including Banking, Non-Banking, and Microfinance organizations, proved instrumental in initiating E-KYC projects for both Government and Non-Government organizations.

 


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