Archive · 22 Sep 2025
India1 Payments' Paysis Targets 200 Lenders Onboarding
Paysis, a new company by India1 Payments, wants to help small banks.
It plans to add 200 banks to its platform in the next two years.
They will offer services like payments and card management.
Paysis is using the tech developed for India1's ATMs.
India1 has many ATMs, and recent fee changes helped them grow.
They aim to support banks in rural areas.
Paysis is led by Rajeev Desai, and is focused on providing digital banking solutions.
They hope to support cooperative and rural banks.
Paysis, a subsidiary of India1 Payments, aims to onboard 200 lenders.
The target timeframe for onboarding the lenders is two years.
Paysis will provide switching services, card management, UPI, IMPS, and mobile banking.
Rajeev Desai is the CEO of Paysis.
The company plans to expand its ATM network to 20,000-25,000 in 4-5 years.
- Who
- Paysis, a subsidiary of India1 Payments
- What
- Aims to onboard 200 lenders onto its platform.
- When
- Over the next two years.
- Where
- India
- Why
- To expand its payment services to rural and co-operative banks, leveraging its technology backbone and the increase in ATM interchange fees.
- Company
- Paysis
- Parent Company
- India1 Payments
- CEO of Paysis
- Rajeev Desai
- ATM Count
- Nearly 15,000
- Target Lenders
- 200
- Target Timeframe
- 2 years