Payment Infrastructure provider to small businesses, IppoPay has partnered with Visa, the digital payments company, to issue small business credit cards.  

The company added in its release that the move is aimed at uplifting small business owners and catalyse financial inclusion across Tier 2 and 3 cities. 

“With IppoPay's network of over 5,00,000 merchants, this partnership will usher in a new era of financial possibilities. The small business segment which represents a base of over 100 Million in India is deeply underserved by conventional card providers leaving an opportunity of over $330 Bn completely unaddressed. This segment is core to what IppoPay stands for and given the size of the opportunity and our inherent moat in this space, we believe we are best positioned to address their credit demands,” said Mohan K, CEO and founder of IppoPay.    

Sujai Raina, VP and head of business development at Visa India said, "These offerings will empower small merchants with access to working capital and affordable payment solutions, bolstering financial freedom and planning. We believe this will also promote deeper financial inclusion of a segment that is crucial to catalyse economic growth." 

Expecting revenue of $100 million by FY28, the fintech start-up's CEO, in a conversation with CNBC TV18 months ago, emphasised the need for a 30 per cent year-on-year growth from this fiscal to reach the milestone.