FinovateSpring 2015 - Persistent Systems

FinovateSpring 2015 / Persistent Systems

Presenter Profile:

How they describe themselves: Persistent Systems builds software that drives the business of our customers; enterprises and software product companies with software at the core of their digital transformation.

How they describe their product/innovation: BuddyPay is essentially a switching mechanism for Payment made for purchase of Goods and Services from an Online site. It’s a mechanism that allows another person/entity (Payer) to pay for Goods and Services purchased by someone else (Buyer). The payment is done on the Online site (Seller) in real time. The name was coined as BuddyPay, as it involves two persons, Buyer and Payer (father/son, two friends, etc.) who are very well known to each other, i.e. ‘buddies’.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

Contacts:

Bus. Dev.: Prasad Deshpande, GTM Partner, Financial Services
Press: Rashmi Joshi, Associate Manager Corporate Communications, rashmi_joshi@persistent.com
Sales: Kiran Naik, EVP, kiran_naik@persistent.com

Key Stats

Key Executives
Dr. Anand Deshpande (Chairman & MD), Mritunjay Kumar Singh (Executive Director & COO)

Key Board Members
Roshini Bakshi (Independent Director), Pradeep Kumar Bhargava (Independent Director), Sanjay Kumar Bhattacharyya (Independent Director), Dr. Anant Deep Jhingran (Independent Director), Kiran Umrootkar (Independent Director), Prakash Telang (Independent Director)

Key Investors
Persistent Systems is listed on National Stock Exchange of India and BSE, and shares are traded on a daily basis.

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