Instant Global Paytech Pvt. Ltd. (Go Payments) was founded in April, 2018 with the aim of transcending the gap between physical and digital payments, thus enabling users to perform digital financial transactions using cash. This company was started with the vision of creating a platform that will make a whole host of financial services available to consumers, anywhere in India, at their doorstep. The platform connects thousands of agents (like kirana shops, pharmacies, mom- and-pop stores etc.) pan-India to the formal banking system, thus enabling them to collect cash from customers in exchange for providing digital financial services like Direct Money Transfer (DMT), Bill Payments, Mobile Recharge and Travel Bookings among many others.
In a cash dominant economy like India, where millions are still excluded from the formal banking system, Go Payments works with Banks to empower these unbanked people by giving them the capability to access digital financial services for the very first time. By providing a multitude of digital financial services, Go Payments envisions becoming a one-stop shop for agents in their quest of serving the end customer. Thus, the Go Payments platform acts as a bridge and creates value for both, the Banks as well as the end users and agents.
Go Payments was conceived and promoted by its Founder & CEO, Mr. Daykin Creado and is funded by Infibeam Avenues, India’s only publically listed e- commerce and fintech company. Infibeam Avenues has a portfolio of more than 100,000 merchants on its CC Avenue and Build-a-Bazaar platforms. It is also the only profitable Indian e-commerce company with a market capitalization of almost $2 billion.