Startup launches banking, financial app in India, plans launch in U.S.

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Paytel leaders and employees pose with cake to celebrate startup. Photos:courtesy PayTel

Paytel Financial Technology Private Ltd., went public with its  PAYTEL App in India on November 9, 2020,  under the  leadership of Rishi Vashisht, Arjun Vashisht and a team of industry professionals including significant international partners, the company said in a press release. PAYTEL’s goal is to become a one-stop financial service provider through their network partners and hope to generate over 1 million direct and indirect employment opportunities in India, the company said.

PAYTEL said it channelizes business through its network partners who are situated across India and aims to provide end-to-end banking services to all segments of the country with the  vision to digitize the untapped segment of India through its partners and provide banking to those who have been deprived access to the advancing digital world.

“Team PAYTEL considers this as a serious economic and social responsibility and believe will bring the best financial services to the deprived population of India along with the mainstream community,” the company said.

The PAYTEL platform is user-friendly and is available as browser, mobile app-based technology.

A cake with the startup Paytel’s name inscribed, at a party to launch the company in India Nov. 9, 2020. Photo: Paytel

In the coming months, the company plans to expand into domains of financial digitization with modules already developed in the areas of banking, payment gateway, IMT, e-wallet, POS and many other modules, the press release said.

“While the world tries to find a cure for COVID 19 it has already brought a big change in how we do business in our everyday lives,” said PAYTEL, adding that its team and partners “have built the PAYTEL platform which allows users to manage the new normal.”

The company said it will soon be launching its operations in USA, Canada, Mexico, Central America, South America, UK, Europe, Middle East, South-East Asia and African nations by 2021.

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