Trax has been a small banking process outsourcing player in India for last 25 years. We serve B2B segment with door step service. We want to become the Square of payments that provides doorstep service for banks in 10 emerging markets
HISTORY – Trax eServices was established in 1990 as pure cheque collection agency for Citibank in India. Over the last few years we have grown to be 600+ staff in 20+ cities in India.
CURRENT OFFERING – Check collection, check processing, data entry, returns management for banking. Seller on-boarding and small parcel management for e-commerce players
OUR AMBITION – We want to lead the payments digitization wave in 10 emerging markets. We will start with check scanning at customer doorstep (remote bulk scanning). Then extend services to ancillary services for business customers
We will be Square like payments player with door step service for SME players in emerging markets.
We collect, transport, data enter and process B2B payments for all multi national banks in India. Client list includes Citibank, HSBC, Standard Chartered, etc. We will digitize the payments through handheld devices taken to client sites. So no transportation and faster processing.
Founder and chairman leading this business from the start
McKinsey strategy consultant and ex-Citibanker joining Trax in July 2017 to drive the next phase of international growth