[Chennai, 06th December 2023] — IppoPay, a pioneering Payment Infrastructure provider to small businesses, proudly announces its partnership with Visa, the global leader in digital payments, to issue small business credit cards. This is set to revolutionise the financial landscape, uplift small business owners, and catalyse financial inclusion across Tier 2 and 3 cities and rural areas.

“This alliance with Visa marks a significant milestone in our journey. With IppoPay’s network of over 5,00,000 merchants, this partnership will usher in a new era of financial possibilities. The small business segment which represents a base of over 100 Million in India is deeply underserved by conventional card providers leaving an opportunity of over $330 Bn completely unaddressed. This segment is core to what IppoPay stands for and given the size of the opportunity and our inherent moat in this space, we believe we are best positioned to address their credit demands” said Mohan K, CEO and Founder of IppoPay.

Visa has had a longstanding commitment to empowering small businesses and has recently surpassed its own mission of empowering 50 million small businesses globally, touching the lives of nearly 67 million micro and small businesses.

Sujai Raina, VP and Head – Business Development, Visa India said, “We are delighted to partner with IppoPay, equipping their small business clientele with the benefits of Visa credit cards. These offerings will empower small merchants with access to working capital and affordable payment solutions, bolstering financial freedom and planning. We believe this will also promote deeper financial inclusion of a segment that is crucial to catalyse economic growth.”

In the coming months and with this groundbreaking partnership, IppoPay will continue to work tirelessly to expand its reach, enhance its services, and make financial inclusion a reality for all. They aim to make a lasting impact in the world of fintech, creating opportunities that transcend geographical boundaries.