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Indian FinTech company XPay.Life goes live in India

XPayXPay Life, a Bengaluru-based FinTech company, announced the launch of its operations in India where its one-stop solution XPay.Life, an offering from XIPHIAS, makes provisions for payment facilities of multi-utility bills through the single window. Powered by a blockchain-based transaction framework, the company offers digital bill payment services including Touch Screen Kiosk, Web, Mobile App, POS Device and Mobile ATP Van.

Rohit Kumar, CEO, XPay.Life articulated, “While India’s FinTech sector has witnessed unprecedented growth, the adoption of FinTech services remains only restricted to the urban centres. With XPay.Life, we aim to change this and bring the benefits of digital payments to the unbanked pockets of the country. Our touch screen kiosks are targeted at the rural population, whereas the mobile app and website cater to the urban Indians. The idea behind the inception of XPay.Life was simple – to drive digital empowerment for new-age India. From a business perspective, we have achieved 100% month-on-month growth in the last 10 months.”

Founded by Rohit Kumar (CEO) and Bohitesh Misra (COO & CTO), XPay.Life enables bill payment through Touch Screen ATP Kiosk, PoS machine and Mobile Van, which accepts cash as well as credit/ debit cards as a digital method of payment. It is based on the AMBIC Model, which stands for Artificial Intelligence, Mobility, Blockchain, IoT and Cloud, to provide the highest level of transparency during transactions.

“We have partnered with all leading banks to further expand our reach. The deployment of the ATP kiosks at ICICI ATMs has created a new benchmark. Moreover, the prototype of the Mobile Van consisting of the ATP kiosk, Vending machine and mini-ATMs is already facilitating bill payments in remote villages and creating ripples in the bill payment industry,” added Kumar.

Incorporated in 2019, XPay.Life has stated that it has completed 1 lakh transactions in the beta version, which is worth INR 50 million and the company offers its services in over 18 cities in India.

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