BillDesk:
Delivering easiest, fastest and safest way
to make payments
A
flagship brand of IndiaIdeas.com Ltd., BillDesk
is India's leading Payments Service Provider.
Established by three ex-Arthur Andersen professionals,
M.N. Srinivasu, Ajay Kaushal and Karthik Ganapathy,
BillDesk delivers and manages specialized
electronic payments solutions of various vertical
markets such as banking, telecom, insurance,
utilities and financial services.
A service bureau offering billers, banks and
customers a comprehensive bill presentment,
payment and management service, BillDesk aims
to be seen as a one-stop destination for all
payments made at one time and from one location.
It operates as a neutral service bureau aggregating
multiple banks, billing companies and other
corporations onto a common standards-based
platform for delivering electronic payments
and collection services across multiple electronic
channels.
The benefits offered by BillDesk are numerous.
Customers can receive and pay all their bills
from one location giving them greater control
over payments, while billers benefit from
reduced processing expenses and improved customer
service from online presentment and payment
of bills. Banks benefit by reducing transaction
costs and better customer service.
BillDesk manages an extensive payments processing
network, offering services to 25 of India's
largest banks including SBI, Citibank and
HDFC Bank and to leading companies such as
LIC, BSNL, Hutchison-Essar, Franklin Templeton
and Reliance Infocomm, Airtel, Tata Teleservices,
and Reliance Energy. Visa, the world's leading
payment brand also has a Memorandum of Understanding
(MoU) with BillDesk for a unique online service
that enables Visa cardholders to conveniently
make bill payments using their Visa credit
or debit cards. This is the first such service
for cardholders in the Asia-Pacific region.
Founded in 2000, BillDesk has one of the strongest
management teams and infrastructure in the
payment services industry, with over 150 employees
and offices in 23 cities across the country.
In June 2006, BillDesk secured strategic financing
of $7.5 million from State Bank of India,
India's largest bank and Clearstone Ventures,
a leading early stage venture capital fund
with past success stories such as PayPal,
Overture and MP3.com. These investments will
help BillDesk accelerate its growth plans,
increase the breadth and depth of its product
offerings in the payments business and deploy
a new delivery engine based on the latest
technological and operational approaches.
