Selling service helps companies earn steady revenue and expand with no major investment.
The NPCI is working to enable this feature within next 6 months, starting with UAE and Singapore, sources said.
Earlier, Nagarajan was the country risk manager at Nissan Renault Financial Services India.
MobiKwik is fighting a broader battle against deep-pocketed rivals such as Paytm, PhonePe and GPay.
Online tax returns filing platform Cleartax and early-stage audio streaming platform Dose FM further plans to create an engagement platform for their business customers to file their GST returns. A four member team will be joining Cleartax.
While Panchal has joined payments technology company FIS Global as its chief risk officer in charge of India, Middle East and Africa, Saxena has joined Paytm Payments Bank as its chief financial officer.
Industry body wants to apprise Nirmala Sitharaman about challenges faced by the budding sector.
Existing investors Saama Capital, Beenext, SRI Capital and Pravega Ventures also participated in the round.
While Bank of Baroda is allowing users to do 4 transactions a day, SBI has limited it to just one.
Government looks to achieve 40 billion digital transactions in the current financial year.
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