How OmniCard is Powering India's $5 Trillion Business Economy with a Fintech OS Built for Scale
New Delhi [India], June 18: India is standing at the edge of a transformational economic leap. India's retail sector is projected to reach a massive US$ 2 trillion in value by 2032, and the number of startups is expected to double to 2.4 lakh by 2030. But these projections rest on a fragile foundation. Out of the 64 million businesses in India, only 4 million are digitized - leaving 60 million enterprises operating without basic digital tools. Every Indian business loses money not because of fraud or theft, but because of broken systems. Over the past few years, OmniCard has been shaping the Fintech backbone that's now helping Indian businesses thrive.
OmniCard is bridging India's digital divide with a user-friendly, digital-first platform designed for seamless adoption -- from shop floors to CXO suites, across tier-1 metros to tier-3 towns. Trusted by enterprises, OmniCard is emerging as the AI powered Fintech OS for business spend -- powering every layer of the value chain - expense management, petty cash, incentives, travel, R & R - all with last-mile payment visibility. Today, over 500 forward-thinking enterprises trust OmniCard to run their business spend--across industries like retail, logistics, education, financial services, and digital marketplaces.
With an RBI-issued PPI license, OmniCard operates independently of banks while adhering to the highest regulatory standards. By connecting every touchpoint in the spend journey with intelligence and efficiency, OmniCard is redefining how enterprises manage and move money.
This value generation is already being seen on the ground. For German-headquartered sports brand PUMA, its India counterpart is efficiently managing and optimizing expenses across its extensive retail network in the country with partner OmniCard. Siddarth Asrani, CFO at PUMA India, says, "Managing expenses across our retail network used to involve multiple tools and constant follow-ups. With OmniCard, our store teams now have access to controlled budgets, and we get real-time visibility at our India headquarters. What stands out is the platform's ease of use which doesn't require detailed training. For a fast-paced retail business like ours, OmniCard is becoming a key player in our ops."
Whereas Mr. Ashutosh Mishra Senior Vice President Finance from Policybazaar, a public listed Insurance marketplace says "As a high-growth digital organization, we manage multiple categories of corporate spending - from employee benefits and team travel to marketing and operational costs. Before OmniCard, consolidating and reconciling these expenses was time-consuming and often reactive. With OmniCard, we now have centralized visibility and control across departments, enabling us to stay ahead of spend rather than catch up to it."
Mr. Gagan Garg, Finance Controller at India's largest gifting and corporate retail brand, Ferns N Petals, says "For us, managing retail spends and company expenses across a growing business network required an end-to-end solution. OmniCard delivered exactly the same. It gives us the ability to assign budgets to teams, enable UPI payments, issue cards instantly, and track spending in real-time. It has significantly improved visibility and efficiency in how we manage business expenses--both in-store and at the office. For a business of our scale, having this level of control without added administrative burden is a big win."
"India's economic future depends not just on scale, but on how efficiently its businesses operate" says Abhishek Saxena from OmniCard "We're driving the next wave of business payments in India with need-based innovation, delivered through a go-to platform for business expense management. We're building the rails for intelligent business spending in India, combining banking-grade infrastructure with the agility of Fintech. Our goal is to be the obvious choice for B2B Fintech in India. When any business thinks Fintech, we want them to think OmniCard."
India's growth story is gaining momentum, but true progress demands intelligent systems. Built for scale and inclusivity, The OmniCard AI powered Fintech OS is purpose-built to serve businesses of all sizes--adapting to their unique needs, scale, and workflows. Whether it's a startup managing team expenses or an enterprise optimizing multi-location spend, OmniCard offers the flexibility and AI intelligence to power their financial operations end-to-end.
As India builds toward a $5 trillion economy and millions of businesses move toward digitization, AI powered Fintech OS platforms like OmniCard will play a critical role in shaping how the country's enterprises manage money.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
30 minutes ago
- Economic Times
Indian biscuits, shampoos & poha go global: FMCG exports outpace domestic sales for HUL, Dabur and others
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Cons. Products Kolkata: Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but Indiamade daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global shelves. Top fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said.'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indianbranded food products in global said in its latest annual report that its branded export business grew threefold in the past three years to cross Rs 250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities export revenue rose 7% to Rs 7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year.
Time of India
44 minutes ago
- Time of India
Indian biscuits, shampoos & poha go global: FMCG exports outpace domestic sales for HUL, Dabur and others
Kolkata: Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but Indiamade daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global shelves. Top fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC , Marico , Godrej Consumer Products , Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal years. While international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 crore. HUL's total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic demand. The company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said. 'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal year. While demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indianbranded food products in global markets. AWL said in its latest annual report that its branded export business grew threefold in the past three years to cross Rs 250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years earlier. Marico told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it said. While a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities export revenue rose 7% to Rs 7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year. Economic Times WhatsApp channel )
Time of India
an hour ago
- Time of India
Stringent framework finalised to ensure drones don't have Chinese parts
NEW DELHI: The Indian defence establishment has finalised a comprehensive stringent framework to ensure that drones being acquired from domestic private sector companies do not have Chinese components and electronics in them. The mechanism, with the requisite technical verification and evaluation methodologies, will be implemented in a couple of months to further strengthen the level of checks already put in place, which include more comprehensive certifications to be provided by drone-manufacturers. "The framework has been completed and is under approval. Once approved, thorough testing will be conducted to ensure our equipment is free from any security vulnerabilities," additional director general of the Army Design Bureau Major General C S Mann said. This has become imperative as the armed forces began acquiring a large number of drones amid the military confrontation with China over the last few years. Operation Sindoor against Pakistan, which saw intense cross-border hostilities from May 7 to 10, has further underlined the need for such a mechanism.
