Wednesday 29 June 2016

ItzCash Makes Strategic C-Suite Appointments to Drive Growth

By 121 News

Chandigarh 29th June:- ItzCash Card Ltd India's largest and only "Multi Service Payment Solutions Company with annual payment volume of over US$ 2 Billion; today announced the appointment of Bhavik Vasa as 'Chief Growth Officer' and Ravi Singh as 'Chief Business Officer'. These appointments come soon after a series of strategic partnership announcements, all designed to ensure a strong foundation to foster growth across emerging business, a burgeoning startup ecosystem, evolving digital solutions and consumer trends. Both Bhavik and Ravi will report to ItzCash Managing Director Naveen Surya.

With the current focus on 'Digital India' as part of the national mandate, ItzCash is poised to play a leading, transformational role in the next 5-10 years with its strong digital footprint of 110 million accounts cumulatively and  annually servicing 35+ million consumers and industry leading physical network of 75,000+ retail outlets across the country. This timely development in the core leadership team at ItzCash underlines the company's renewed focus on its next phase of growth while achieving the right balance between the conventional and digital platforms of the company to deliver on ambitious commercial objectives.

As the industry leader, ItzCash has established pioneering partnerships with leading global and local technology stalwarts and e-commerce brands across sectors including Amway, Flipkart IRCTC, OYO, and Uber, the world's most valued private company among others. This new core leadership team will continue its aggressive expansion strategy to tap newer markets and business sectors. In keeping with the company's omni-product, omni-channel strategy it is well positioned to offer a new comprehensive portfolio of services leading the path to 'FinServ Convergence'. The new segments include international remittance, credits and loans, insurance and investments. Bhavik and Ravi will be jointly leading the drive toward these new focus areas.

Speaking about this recent development Naveen Surya, Managing Director, ItzCash said that both Bhavik and Ravi have excelled in their respective roles and been instrumental in building ItzCash into the industry leader we are today. He said that we are confident that they will continue to deliver par excellence in their elevated roles and help shape the future of this company for many years to come. The domain expertise and experience they bring on board is well sculpted for their new responsibilities and I wish them the very best in their individual endeavors.

Ravi who has been associated with ItzCash since 2012 was Head-Payments and has been heading the business and retail teams of the company. In his new profile, he will further strengthen ItzCash's dominant presence across 3000+ Indian towns & cities and market leadership in Payments & Money Transfer business verticals. With more than two decades of experience across sectors with the likes of Western Union, Tata Teleservices Limited, Birla 3M Ltd, Hutchison Max Telecom, Singh reinforced lead play for the company in the Remittance & Prepaid Cards segment.

Both Bhavik and Ravi who has driven unprecedented growth for the company, over 9x, in the last few years in terms of payment volumes and revenues plays a key strategist striking the right balance between the online and offline platforms of the company to drive business growth.


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