Updated June 10, 2018 09:55:07 Chadha, a mobile payment platform that aims to make mobile payments faster and more convenient, is launching in India.
The company’s founders, Shashank Choudhary and Nilesh Kaur, told The Hindu that the startup’s aim is to disrupt the Indian payment ecosystem by using technology to make payments more convenient.
Choudhry and Kaur said the company’s main technology will be a mobile wallet called Cric, which will allow people to make and send payments on the go.
The company plans to launch in India next month.
While the startup has been in the works for a while, the company was looking to scale up and add more features, said ChoudHary.
It was an obvious choice to launch the startup in India given that the country’s population is estimated to be more than 4 billion.
Chambha’s co-founder Ramesh Khaitan said that the company is currently hiring and that they will be launching a portal soon.
“We will launch a portal to hire people and open a shop in the coming weeks.
We have been working on the portal for months,” he told The Hindustan Times.
Chadha is targeting about 10 million users.
While this may be too large for the current market, Choudhe said that it is the right time to expand.
“I think this is a great time for the Indian market,” he said.
Chaudhary added that Chadha’s aim in India is to make money through the use of mobile payments.
“In the future, we will also launch a payment portal in India,” he explained.
“But right now we are focusing on hiring people in the country.
The next step is to expand into other countries, too.”
The startup plans to expand its service in India, adding that it will be partnering with local banks, ATMs and online retail outlets.
Choudhal said the startup will be working on an app for the mobile wallet and hopes to make it available in India by the end of the year.
“Our goal is to have a full-fledged mobile wallet in India in 2019,” he added.
Chlambha, which launched in April 2018, aims to offer mobile wallets that can be used on the phone, tablet and other devices.
The startup said that its primary objective is to be the most convenient payment solution for merchants.
“Our primary objective was to build the easiest, most reliable and the most user-friendly mobile payment solution in India so that merchants could quickly and securely make payments on their devices without hassle and inconvenience,” Choudhai said.