Tamil Nadu's first UPI.. Ippo pay Founder K.Mohan has overcome obstacles...

 

Mohan, the founder of Tamil Nadu's first UPI payment company, IPPO PAY, started his business in Chennai from Thamaraikulam village in Ramanathapuram district and became a great entrepreneur.

Growing up from a village background, Mohan said that it was a great struggle to create the first digital payment platform in Chennai, and he said that it was a kind of experience that he got from successive failures in his 7 start-up companies.

He mentions that Ippo Pay has created it as a competitor to existing digital payments in India and has learned from the failures of every startup that has succeeded in this Ippo Pay startup.

Mohan also said that payment-related start-up companies are generally global or from northern states, but now with Pay, he has started with the desire to start a startup in Tamil Nadu, usually with Chennai as the head. He mentioned that the English word Pay Now has been shortened to Ippo Pay in Tamil.

Ippo Pay said that the general purpose of its launch is that companies such as Google Pay and Ponpay around the world are mostly active in cities, but their usage is not much in rural areas, so they have started to create awareness about more payments in rural areas. Similarly, Mohan has said that his aim is to target small box stores and bring digital payments to them.

He said that the startup sector in Chennai has been strong for the past 2 years, but it had completely changed when he started his earlier startups, and at that time Bengaluru, Mumbai and Delhi had increased startups, and when he had to raise money for Ippo Pay, which he started with Chennai as the lead, investors rejected Chennai as the reason. He said.

Generally, if you start a startup and go to raise money from some investors, are the startup founders educated in IIT, IIM, Chennai? Are you a good English speaker? He said that he saw that and he also had difficulty in it. He said that investors are now coming forward to give money to Tamilians with emphasis on their talent, and he regretted that he had difficulty in not having those opportunities in the past.

Saying that you can't generally make profit on UPI transactions through Ippo Pay, he said that UPI is free and only transaction-based methods like insurance and transaction cards can generate income. He also mentioned that QR Line has been providing services for 9 months since last January and has 2 lakh merchants as its customers till now.

He says that companies like Google Pay, Amazon, and Phone Pe in India usually involve only third parties or freelancers in the placement of employees, but Ippo Pay employs all the qualified people who are looking for work. He said that till now there are 150 sales officers in Tamil Nadu and 150 more sales officers are going to be added. He said that they were able to achieve very quickly because they all work like their company.

He said that Ipo Pay is different among the big foreign companies Google Pay, PhonePe,  Amazon and as a neo banking solution in B2B mode, it has more facilities than banks can do. In particular, collection said that merchants can use the money received through QR to send money to sellers, and Dispose will be automatically registered in the app. He also said that facilities such as sales report and account book have been provided in Ippo Pay and this will be useful.

At this stage, he has mentioned that this is the secret of his success now, focusing on the failure of his 7 start-ups, what he should not do, and what he should do based on the experiences of his employees. When starting the start-up, he said that Ramprasad, Ramanathan and Prabhu were good mentors, but there were many people who wanted to bring him down and he found success beyond that.

Mohan says that his company started 2 years ago and till now Ippo Pay has 4000 online merchants and 2 lakh offline merchants. It started with just 7 people and today 250 people are working. On a monthly basis, 3000 crore transactions have been done and Ippo Pay has made huge profits in the first quarter. He has also said that he has a spear.

He said that everyone likes to start a start-up and should continue to travel in that start-up. If those who have completed their studies leave the start-up immediately and start learning from experience, they can find success. He also said that he wants to bring more start-ups in Chennai than Benglore.

Mohan, who claims that he is also a victim, said that Chennai, which allows Vandar to live, will be the first to run away, and Mohan, who says that he is also a victim, has experienced a lot of hardship in Chennai without any means of money and has found success in Ippo Pay.

If you have the attitude of giving what you have to others, everyone can definitely find success in life, says Mohan, the founder of Ippo Pay.

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