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(26240, 12, '2018-09-20 10:35:49', '2018-09-20 10:35:49', '[vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"110\" padding_bottom=\"0\" bg_image=\"26292\"][vc_column][kleo_gap size=\"100px\"][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner width=\"2/3\"][vc_custom_heading text=\"LEVERAGING GST FOR DIGITAL PAYMENTS\" font_container=\"tag:h2|font_size:48px|text_align:center|color:%23ffffff|line_height:54px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"140px\"][kleo_gap size=\"50px\"][/vc_column][/vc_row][vc_row equal_height=\"yes\" content_placement=\"middle\" padding_bottom=\"0\"][vc_column width=\"1/2\"][/vc_column][vc_column width=\"1/2\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"5/12\"][/vc_column_inner][vc_column_inner width=\"1/3\" css=\".vc_custom_1488531456733{padding-right: 0px !important;}\"][vc_column_text letter_spacing=\"\"][addtoany][/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\" css=\".vc_custom_1488531444909{padding-left: 0px !important;}\"][kleo_button title=\"Print this page\" href=\"https://cashlesscatalyst.org/wp-content/uploads/2018/09/GST-Learning-Note.pdf\" target=\"_blank\" style=\"custom\" position=\"left\" size=\"lg\" special=\"no\" border=\"no\" icon=\"print\" font_size=\"16px\" letter_spacing=\"\" el_class=\"grey-icon\" custom_text=\"#d11e3c\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_custom_heading text=\"INTRODUCTION\" font_container=\"tag:h2|font_size:26px|text_align:left|color:%23383b3b|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_row_inner css=\".vc_custom_1537456868816{margin-bottom: 35px !important;}\"][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]<strong>A. The MSME Landscape</strong>\r\n\r\nIndia’s Micro, Small, and Medium Enterprise (MSME) sector is a key engine of growth for the economy, with its 45% contribution to industrial output, over 40% share in exports, and employs more than 100 million people — next only to agriculture.<sup>1</sup> In spite of these impressive numbers, the overall contribution of the sector to national Gross Domestic Product (GDP) is not on par with other middle and high-income economies where MSME contribution lies in the 40-80% range.<sup>2</sup>\r\n\r\nLack of access to affordable, institutional finance remains one of the biggest hindrances to MSME growth in India – merely 5% of small businesses have access to finance from the banking sector. Informal firms account for nearly 77% of all MSMEs in developing countries, and the credit gaps faced by them are often more pronounced as compared to their formal counterparts.<sup>3</sup> An important characteristic of the MSME segment in India is that enterprises operate in a largely cash-based economy and integration of Information and Communications Technology (ICT) into operations and workflows is limited.<sup>4</sup>\r\n\r\n<strong>B. The GST Regime and its Implications for MSMEs</strong>\r\n\r\nIn July 2017, the Government of India introduced a new indirect tax regime called the Goods and Services Tax (GST) that replaced the erstwhile regime of multiple, cascading indirect taxes which included central excise duty, service tax, additional customs duty, surcharges, state level VAT, and octroi.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1537452326845{padding-top: 35px !important;}\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]The introduction of GST was envisaged to create a unified national market, to bring in greater transparency in tax levels and to improve tax compliance at reduced cost for taxpayers.\r\n\r\nImplementation of GST has cast a wider tax net than the previous indirect taxation regimes by including more MSMEs in its ambit. The new tax regime, and its pursuant liability thresholds, have significant ramifications for MSMEs. Under the previous tax regime, an enterprise with a turnover of INR 15 million or less was not required to comply with the provisions of the Excise Law. The current tax regime lowers this threshold to INR 2 million. Consequentially, more merchants have been included in the tax net and an increasingly higher number among them are liable to pay the tax, and eventually bear the compliance costs.\r\n\r\nWhile the intent of the indirect tax reform has been lauded by industry, concerns have also been raised regarding its disruptive impact on the MSME segment, coming at the heels of demonetization in 2016.<sup>5</sup> After a year of GST implementation, small enterprises are still grappling with issues related to the input tax credit system, frequent change in rules and the steep penalty for late filing. For the purposes of this paper, we limit ourselves to the implications of GST on ease of doing business and tax compliance and related aspects for small businesses.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>1</sup>Annual Report, 2017-18, Ministry of MSME, https://msme.gov.in/sites/default/files/MSME-AR-2017-18-Eng.pdf</em>\r\n\r\n<sup>2</sup>The new wave Indian MSME: An action agenda for growth, KPMG and Confederation of Indian Industry, March 2016. Available at: https://assets.kpmg.com/content/dam/kpmg/pdf/2016/03/The-new-wave-Indian-MSME.pdf\r\n\r\n<sup>3</sup>Micro, Small and Medium Enterprises in India: A research study on needs, gaps and way forward, International Finance Corporation (World Bank Group) and Government of Japan, November 2012. Available at: https://www.ifc.org/wps/wcm/connect/4760ee004ec65f44a165bd45b400a808/MSME+Report-03-01-2013.pdf?MOD=AJPERES\r\n\r\n<sup>4</sup>Overall, only 8% of total personal consumption expenditures and 26% of Micro Small and Medium Enterprises (MSMEs) to supplier payments are estimated as non-cash. Source: India’s Digital Future, Morgan Stanley Research, Oct 2017.\r\n\r\n<sup>5</sup>https://www.business-standard.com/article/economy-policy/one-year-of-gst-compliance-still-a-challenge-for-small-business-owners-118070100625_1.html\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" bg_image=\"26349\"][vc_column][vc_custom_heading text=\"CATALYST WHOLESALER SURVEY ON GST \" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]Catalyst conducted a qualitative study <sup>6</sup> to understand pain points around GST compliance for large wholesalers. Additionally, the survey tested a hypothesis — digital payments can be used to create digital records which eases the compliance burden for large merchants. As a part of the study, six wholesalers engaged in sectors including apparel,local brands and electronics, with annual turnovers ranging from INR 20 million to INR 180 million. It was observed that traders in the wholesale or B2B segment generally have a large number of employees and therefore handling cash and compliance is a hassle if performed manually. In addition to these costs, the current GST framework created pain points for these wholesalers in terms of increased compliance procedures, updating their existing technology and working capital crunch, among others\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify \"]The study suggested that the GST filing process can impose significant compliance costs on small businesses. The incremental costs from GST compliance can be broadly classified under the following categories:\r\n<ul class=\"justify-content\">\r\n 	<li>Cost of GST-compliant systems and softwares e.g. Enterprise Resource Planning software, invoicing and billing software, accounting software, etc. – INR 10,000 p.a.</li>\r\n 	<li>Personnel costs associated with outsourcing of compliance mandates to accounting/tax professionals – INR 30,000 p.a.</li>\r\n 	<li>Training costs associated with building in-house capacity to adhere to compliance norms – INR 5,000 p.a.</li>\r\n</ul>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify \"]The associated costs, as much as INR 100,000 p.a.for some firms, pose a significant hurdle for small businesses that have come under the ambit of GST Act due to the reduced INR 2 million turnover threshold. Given the complexity of GST filing and audit formats, tax rates and HSN code identification issues, our target group of small businesses lack the in-house capacity to execute these functions internally.\r\n\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\"]<em><sup>6</sup>Study was conducted by GST Street</em>\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26346\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"DIGITAL PAYMENT CHANNELS AND ERPs\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" inline_style=\"font-style: normal;\"][vc_column][vc_row_inner][vc_column_inner el_class=\"normal-style \" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]A central aim of the GST was to ensure increased tax compliance by businesses. However, after implementation, there are some key challenges that merchants face with GST filing and compliance, which keeps it far from achieving its objective. Filing returns has become more complex in the new GST regime, specifically for firms who used to file only two returns every six months but now have to file three returns every month along with an annual return.<sup>7</sup> The requirement to file invoice level data and invoice matching with the suppliers for input credit just adds to the complexity. Another key challenge is the multiple tax rates that are in place even under the GST framework. The rates not only vary with the type of product/service a merchant deals in, but also on the value of a such product/service.<sup>8</sup> All these factors, including those discussed previously, taken together have led to increased compliance cost for businesses, particularly the small and micro ones.\r\n\r\nBusinesses frequently use accounting solutions and chartered accountants to execute the compliance procedure. All merchants surveyed in the Catalyst wholesaler study used an accounting software to file their tax returns. Accounting software or ERP (Enterprise Resource Planning) solutions,as they are formally known, are able to take care of the tax returns for a business. However ,currently the reconciliation of the payment for a particular transaction is done manually. A digital payments solution linked to ERPs will automate this and increase ease of compliance. This could induce small and micro merchants to adopt digital payment methods organically for their business operations. In this section, we explore the features that ERPs in India currently have to offer and how an accounting solution with a payments integration may help in easing compliance requirements for small businesses, and thus act as a hook for digital payments.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style \" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify \"]As per the Catalyst survey of wholesalers, the tax compliance function is currently executed using accounting and ERP software such as Tally, Marg, Busy, Quickbooks, and others. They provide users with services such as billing and invoicing, payment and expense handling, inventory management and taxation, among others.\r\n\r\nHowever, the survey was conducted among large wholesalers and smaller merchants who may be executing the compliance procedure differently. Presently, smaller enterprises may only generate paper-based invoices to record business transactions. These paper invoices are digitized by the firm’s accountant who executes the subsequent compliance requirements. The cost of employing an accountant is a compliance-related cost that\r\nGST-liable firms are required to bear. There are vendors on the market like SahiGST or Cleartax that offer tax filing software, but with pricing ranging from INR 4,000 through INR 12,000 it is unclear if smaller businesses subject to tax will avail of them.\r\n\r\nA better understanding of ERP solutions may shed more light on how digital payments integrated with ERPs may add value to businesses. In the process of filing GST returns, ERPs manage the whole workflow from generating the invoice for the sale, making the accounting entry for it and generating appropriate returns to be filed with the GSTN. However, the invoices need to be manually reconciled with their payment status. Manual reconciliation is an added friction that B2B transactions imply for merchants who usually deal with multiple businesses, both up and down the value chain. Further, business practices often involve deferred and part payments, which adds to the complexity of manual reconciliation.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>7</sup>GST Council on 21 July 2018 allowed quarterly filing of returns for firms having turnover less than INR 50 million, however firms above the threshold have to file monthly returns.</em>\r\n\r\n<sup>8</sup>Over 200 days of GST: The Road Ahead, PwC India. (Available at: https://www.pwc.in/assets/pdfs/publications/2018/over-200-days-of-gst-the-road-ahead.pdf)\r\n\r\n[/vc_column_text][kleo_divider][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style \" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]The need for automatic reconciliation of invoices was expressed by merchants in a dipstick survey of nine small pharmaceutical retailers in Jaipur, conducted by Catalyst in May 2018.<sup>9</sup> The survey revealed that all GST-compliant pharma retailers were using an accounting software and chartered accountants to file their returns. The reconciliation, however, was done manually within the ERP by the merchant. Merchants expressed interest in an ERP plus payments solution, which could enable them to pay and send payment requests through the platform itself.\r\n\r\nCatalyst spoke to its partner PayBee, a payments collection solutions provider, to gain insights on how such a product may be designed. Illustratively, a possible workflow is detailed below:<sup>10</sup>\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style \" width=\"1/2\" css=\".vc_custom_1537456587550{padding-top: 15px !important;}\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ul class=\"justify-content\">\r\n 	<li>Merchant makes a sale, generates an invoice for the same and maps the purchaser against the invoice within the payments-enabled ERP platform.</li>\r\n 	<li>Based on the payment terms and conditions, as decided mutually between merchant and purchaser, the platform automatically sends a payment request to the purchaser.<sup>11</sup></li>\r\n 	<li>Purchaser receives the payment request within their ERP platform and is presented with multiple digital payment options (UPI, Net Banking, Wallet).</li>\r\n 	<li>The ERP records the payment status in realtime and undertakes automatic reconciliation of the merchant’s books.</li>\r\n</ul>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify normal-style\"]The proposed integration reduces the frictions imposed by current reconciliation procedures. Given that reconciliation is an integral part of GST compliance, such a solution shall have an order of magnitude effect on easing GST compliance former chants; effectively exploiting digital payments’ potential in easing GST compliance. Razorpay, a payments acceptance platform, has developed a product which enables merchants to generate invoices, share them with the payer and accept payments.<sup>12</sup> This eases reconciliation as the merchant can tally ‘Account Receivables’ against ‘Invoices Issued’. However, the merchant shall still have to add invoice details and other transaction information on the ERP to file GST returns, creating the friction of managing multiple platforms. To the end of seamless GST compliance, an ERP + Payments offering remains the most comprehensive solution.\r\n\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>9</sup>Questionnaire used for the survey has been included in the Annexure 1.</em>\r\n\r\n<sup>10</sup>Conversation with Area Sales Manager, PayBee dated 31 July 2018\r\n\r\n<sup>11</sup>OProposed integration is different from the invoice enabled collect request functionality included within UPI 2.0 to the extent that ERP automatically sends a pull request as per the payment conditions whereas UPI 2.0 requires merchants to manually attach invoices in collect requests.\r\n\r\n<sup>12</sup>See: https://razorpay.com/blog/razorpay-gst-compliant-invoices/\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26347\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"GSTN &amp; PAYMENTS DATA BUNDLING TO FACILITATE SME CREDIT\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]The periodic and regular filing of tax invoices by SMEs implies a vast database of transaction records of GST-compliant merchants with the GSTN (the technological backbone of the GST ecosystem). Developers and service providers, including lenders, have access to GSTN APIs through GST Suvidha Providers. A “GSP”, as it is called, offers technological solutions to other stakeholders (Application ServiceProviders) to connect with GST systems.<sup>13</sup> This data, along with other data-sets, including payments data, could be leveraged by lenders to create alternative credit scores for under-banked SMEs. The invoice data will offer commercial data-points of the SME concerned and payments data can supplement with points from variables like power and utility payments, rentals, and telecom bills. Presently, the existing credit infrastructure in the country does not capture credit risk as evidenced from non-financial payables such as utility, telecom, and rentals.\r\n\r\nIn light of this status quo, GST reform presents the opportunity for policymakers to push through concerted marketing and SME on-boarding drives for digitization of payments in the aforementioned use-cases on the one hand and enabling credit information companies/other data utilities to capture utility payments and telecom bills data on the other. Presently, 30% of all power bills are paid digitally<sup>14</sup> and the data trails created therein, coupled with the GSTN database can be utilized to construct alternative credit scores for SMEs on the basis of which they can be lent to. The incentive of customized credit products can be further used to drive adoption of digital bill payments among merchants, creating a virtuous cycle of digital payments and customized credit.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]It is pertinent to note here that the RBI has recently mooted a public credit registry (PCR) that may potentially augment the existing credit information infrastructure (CICs).<sup>15</sup> Although it is not clear what data sources will feed into the PCR, payments data regarding utilities, telecom, and even rent can potentially be aggregated there and may be made available to lenders including fintech lenders via open APIs. The GSTN data coupled with this aggregated data will then provide the basis for an alternate credit score that will facilitate credit toSMEs. Finally, the Government e-Marketplace offers an important channel for offering credit to sellers based on transactions there, including Government-to-merchant (G2M) payments data.<sup>16</sup> Like with utilities and telecom, the G2M cash-flows through the GeM can complement GSTN data to create an alternate credit score for SMEs.\r\n\r\nTo summarize, while GSTN architecture may have limited ability to act as a direct hook for digital payments, GSTN data coupled with digitized payments use-cases across power, telecom, and rentals (C2M), and across GeM to the SME sellers (G2M) offers potential for creating alternate scores to facilitate credit. Thus, policymakers should package the push for digitization of payments using GSTN data as a hook.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>13</sup>See: https://economictimes.indiatimes.com/small-biz/startups/flipkart-wants-to-become-gst-suvidha-provider/articleshow/58782560.cms?utm_\r\nsource=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst</em>\r\n\r\n<sup>14</sup>4BCG-Google, Digital Payments 2020: The Making of a $500 Billion Ecosystem in India (July 2016). Available at: http://image-src.bcg.com/BCG_COM/BCGGoogle%20Digital%20Payments%202020-July%202016_tcm21-39245.pdf\r\n\r\n<sup>15</sup>BCG, Digital Lending: A $1 trillion opportunity over the next five years (July 2018).\r\n\r\n<sup>16</sup>See https://gem.gov.in/\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26348\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"TAX INCENTIVES\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]Paying digitally, however, means that all transactions are recorded and liable to be taxed. In this scenario, the consumers have to bear the erstwhile undeclared tax burden; this is an added cost imposed by digital payments. Industry experts have noted that the tax savings that result from cash-based transactions drive SME unit economics. Navin Surya, Chairman of Payments Council of India, suggested that policymakers should incrementally reduce the tax incidence on every additional rupee brought into the formal economy. The tax rate should be designed such that the small businesses can make the trade-off between the cash-driven tax savings with peace of mind brought with formalization.<sup>17</sup> Thus, there appears to be a case for providing tax based/GST based incentives for payments done digitally to promote their usage.\r\n\r\nThis note has previously mentioned the value of digital B2B payments in easing compliance and facilitating credit for enterprises. A tax incentive policy can further augment these levers and turn GST into a potent hook for digital payments. The incentive can be directed at a particular stage of the business value chain that has the potential of digitizing all transactions, upstream and downstream, to it.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]There exists a need for instituting a GST/non-GST tax-driven policy that rewards enterprises for digitization of all hitherto unrecorded transactions (illustratively by lowering GST/other tax rate applicable to a class of merchants’ contingent on them using digital payments to pay upstream and downstream). Empirical testing will reveal the optimum \'nudge\' at which the benefits from digitization for the merchant will outweigh the benefits from tax arbitrage, if any. Such evidence-based policy will facilitate formalization.\r\n\r\nCountries have also experimented with the C2B interface. Uruguay, through its 2014 financial inclusion law, introduced VAT incentives on the use of digital means to pay. Individuals were given a tax credit to the extent of 2% on the VAT rate for payments made digitally.<sup>18</sup> As a result of these incentives, debit cards transactions increased seven to eight times in a span of two years. The GST Council, in a similar vein, has instituted a rebate of 20% (capped at INR 100) of the total GST amount on payments made via BHIM UPI, RuPay Cards and USSD in rural and semi-urban areas.<sup>19</sup> It remains to be seen if the pilots yield the desired results.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>17</sup>Catalyst - Interview with Mr. Navin Surya, Chairman, Payments Council of India. Available at: https://cashlesscatalyst.org/interviews/interview-mr-naveensurya-chairman-payments-council-india/</em>\r\n\r\n<sup>18</sup>See https://www.betterthancash.org/news/media-releases/uruguay-makes-great-strides-toward-the-universalization-of-access-to-financial-services\r\n\r\n<sup>19</sup>See:https://www.business-standard.com/article/economy-policy/gst-council-meet-msme-in-focus-cashback-for-digitalisation-on-pilotbasis-118080400464_1.html\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26345\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"ACTIONABLES FOR POLICYMAKERS\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]Three actionable insights can be derived from our research:\r\n\r\n<strong>ERP Integration with Digital Payments:</strong>\r\n\r\nPolicymakers may organize a hackathon to crowdsource a solution involving an ERP platform bundled with digital payments that automatically reconciles statements against their payment status. It appears from surveyed evidence that there is a felt need for such a solution.\r\n\r\n<strong>Creation of a Data Utility that Compliments GSTN:</strong>\r\n\r\nPolicymakers may facilitate creation of a data utility that will aggregate non-financial transactions (telecom, utility bills) paid digitally. Extant invoice level data on the GSTN network can be coupled with data aggregated by the data utility to construct an alternate credit score for SMEs that can be relied upon to lend to merchants.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\nCampaigns targeted at pushing consumers to pay their utility, telecom (and potentially rent) bills may use alternate credit scoring as a hook for digital payments. GST can thus be an indirect spur for digital payments through the creation of alternate data-sets that can complement GSTN data.\r\n\r\n<strong>Tax Incentives to Drive B2B Digitization:</strong>\r\nAn incentive framework that is targeted at digitizing B2B supply chains by reducing the tax incidence on every additional rupee brought into the formal economy must be explored.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_column_text letter_spacing=\"\"]\r\n<p style=\"text-align: left;\"><span style=\"color: #da092b;\">TECHNICAL WRITERS:</span> Mandar Kagade, Raghav Katyal, Janak Priyani, and Diksha Singh</p>\r\n<p style=\"text-align: left;\"><span style=\"color: #da092b;\">ACKNOWLEDGEMENTS:</span> The authors would like to thank Navya Mathur, Area Sales Manager, PayBee\r\nand GSTStreet for their insights on merchant pain-points around invoicing and GST compliance.</p>\r\n[/vc_column_text][kleo_button title=\"Download full report\" href=\"https://cashlesscatalyst.org/wp-content/uploads/2018/09/GST-Learning-Note.pdf\" target=\"_blank\" position=\"center\" size=\"lg\" type=\"boxed-icon\" special=\"no\" icon=\"download\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pkirbtn\" icon_custom_background=\"#d11e3c\" icon_custom_text=\"#ffffff\"][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"7886\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1549446815741{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">[footer_copy]</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\r\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\r\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', 'Leveraging GST for digital payments', '', 'publish', 'closed', 'closed', '', 'leveragin-gst-for-digital-payments', '', '', '2019-02-06 09:53:43', '2019-02-06 09:53:43', '', 0, 'https://cashlesscatalyst.org/?page_id=26240', 0, 'page', '', 0);
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(40380, 23, '2019-02-06 09:53:43', '2019-02-06 09:53:43', '[vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"110\" padding_bottom=\"0\" bg_image=\"26292\"][vc_column][kleo_gap size=\"100px\"][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner width=\"2/3\"][vc_custom_heading text=\"LEVERAGING GST FOR DIGITAL PAYMENTS\" font_container=\"tag:h2|font_size:48px|text_align:center|color:%23ffffff|line_height:54px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"140px\"][kleo_gap size=\"50px\"][/vc_column][/vc_row][vc_row equal_height=\"yes\" content_placement=\"middle\" padding_bottom=\"0\"][vc_column width=\"1/2\"][/vc_column][vc_column width=\"1/2\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"5/12\"][/vc_column_inner][vc_column_inner width=\"1/3\" css=\".vc_custom_1488531456733{padding-right: 0px !important;}\"][vc_column_text letter_spacing=\"\"][addtoany][/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\" css=\".vc_custom_1488531444909{padding-left: 0px !important;}\"][kleo_button title=\"Print this page\" href=\"https://cashlesscatalyst.org/wp-content/uploads/2018/09/GST-Learning-Note.pdf\" target=\"_blank\" style=\"custom\" position=\"left\" size=\"lg\" special=\"no\" border=\"no\" icon=\"print\" font_size=\"16px\" letter_spacing=\"\" el_class=\"grey-icon\" custom_text=\"#d11e3c\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_custom_heading text=\"INTRODUCTION\" font_container=\"tag:h2|font_size:26px|text_align:left|color:%23383b3b|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_row_inner css=\".vc_custom_1537456868816{margin-bottom: 35px !important;}\"][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]<strong>A. The MSME Landscape</strong>\r\n\r\nIndia’s Micro, Small, and Medium Enterprise (MSME) sector is a key engine of growth for the economy, with its 45% contribution to industrial output, over 40% share in exports, and employs more than 100 million people — next only to agriculture.<sup>1</sup> In spite of these impressive numbers, the overall contribution of the sector to national Gross Domestic Product (GDP) is not on par with other middle and high-income economies where MSME contribution lies in the 40-80% range.<sup>2</sup>\r\n\r\nLack of access to affordable, institutional finance remains one of the biggest hindrances to MSME growth in India – merely 5% of small businesses have access to finance from the banking sector. Informal firms account for nearly 77% of all MSMEs in developing countries, and the credit gaps faced by them are often more pronounced as compared to their formal counterparts.<sup>3</sup> An important characteristic of the MSME segment in India is that enterprises operate in a largely cash-based economy and integration of Information and Communications Technology (ICT) into operations and workflows is limited.<sup>4</sup>\r\n\r\n<strong>B. The GST Regime and its Implications for MSMEs</strong>\r\n\r\nIn July 2017, the Government of India introduced a new indirect tax regime called the Goods and Services Tax (GST) that replaced the erstwhile regime of multiple, cascading indirect taxes which included central excise duty, service tax, additional customs duty, surcharges, state level VAT, and octroi.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1537452326845{padding-top: 35px !important;}\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]The introduction of GST was envisaged to create a unified national market, to bring in greater transparency in tax levels and to improve tax compliance at reduced cost for taxpayers.\r\n\r\nImplementation of GST has cast a wider tax net than the previous indirect taxation regimes by including more MSMEs in its ambit. The new tax regime, and its pursuant liability thresholds, have significant ramifications for MSMEs. Under the previous tax regime, an enterprise with a turnover of INR 15 million or less was not required to comply with the provisions of the Excise Law. The current tax regime lowers this threshold to INR 2 million. Consequentially, more merchants have been included in the tax net and an increasingly higher number among them are liable to pay the tax, and eventually bear the compliance costs.\r\n\r\nWhile the intent of the indirect tax reform has been lauded by industry, concerns have also been raised regarding its disruptive impact on the MSME segment, coming at the heels of demonetization in 2016.<sup>5</sup> After a year of GST implementation, small enterprises are still grappling with issues related to the input tax credit system, frequent change in rules and the steep penalty for late filing. For the purposes of this paper, we limit ourselves to the implications of GST on ease of doing business and tax compliance and related aspects for small businesses.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>1</sup>Annual Report, 2017-18, Ministry of MSME, https://msme.gov.in/sites/default/files/MSME-AR-2017-18-Eng.pdf</em>\r\n\r\n<sup>2</sup>The new wave Indian MSME: An action agenda for growth, KPMG and Confederation of Indian Industry, March 2016. Available at: https://assets.kpmg.com/content/dam/kpmg/pdf/2016/03/The-new-wave-Indian-MSME.pdf\r\n\r\n<sup>3</sup>Micro, Small and Medium Enterprises in India: A research study on needs, gaps and way forward, International Finance Corporation (World Bank Group) and Government of Japan, November 2012. Available at: https://www.ifc.org/wps/wcm/connect/4760ee004ec65f44a165bd45b400a808/MSME+Report-03-01-2013.pdf?MOD=AJPERES\r\n\r\n<sup>4</sup>Overall, only 8% of total personal consumption expenditures and 26% of Micro Small and Medium Enterprises (MSMEs) to supplier payments are estimated as non-cash. Source: India’s Digital Future, Morgan Stanley Research, Oct 2017.\r\n\r\n<sup>5</sup>https://www.business-standard.com/article/economy-policy/one-year-of-gst-compliance-still-a-challenge-for-small-business-owners-118070100625_1.html\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" bg_image=\"26349\"][vc_column][vc_custom_heading text=\"CATALYST WHOLESALER SURVEY ON GST \" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]Catalyst conducted a qualitative study <sup>6</sup> to understand pain points around GST compliance for large wholesalers. Additionally, the survey tested a hypothesis — digital payments can be used to create digital records which eases the compliance burden for large merchants. As a part of the study, six wholesalers engaged in sectors including apparel,local brands and electronics, with annual turnovers ranging from INR 20 million to INR 180 million. It was observed that traders in the wholesale or B2B segment generally have a large number of employees and therefore handling cash and compliance is a hassle if performed manually. In addition to these costs, the current GST framework created pain points for these wholesalers in terms of increased compliance procedures, updating their existing technology and working capital crunch, among others\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify \"]The study suggested that the GST filing process can impose significant compliance costs on small businesses. The incremental costs from GST compliance can be broadly classified under the following categories:\r\n<ul class=\"justify-content\">\r\n 	<li>Cost of GST-compliant systems and softwares e.g. Enterprise Resource Planning software, invoicing and billing software, accounting software, etc. – INR 10,000 p.a.</li>\r\n 	<li>Personnel costs associated with outsourcing of compliance mandates to accounting/tax professionals – INR 30,000 p.a.</li>\r\n 	<li>Training costs associated with building in-house capacity to adhere to compliance norms – INR 5,000 p.a.</li>\r\n</ul>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify \"]The associated costs, as much as INR 100,000 p.a.for some firms, pose a significant hurdle for small businesses that have come under the ambit of GST Act due to the reduced INR 2 million turnover threshold. Given the complexity of GST filing and audit formats, tax rates and HSN code identification issues, our target group of small businesses lack the in-house capacity to execute these functions internally.\r\n\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\"]<em><sup>6</sup>Study was conducted by GST Street</em>\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26346\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"DIGITAL PAYMENT CHANNELS AND ERPs\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" inline_style=\"font-style: normal;\"][vc_column][vc_row_inner][vc_column_inner el_class=\"normal-style \" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]A central aim of the GST was to ensure increased tax compliance by businesses. However, after implementation, there are some key challenges that merchants face with GST filing and compliance, which keeps it far from achieving its objective. Filing returns has become more complex in the new GST regime, specifically for firms who used to file only two returns every six months but now have to file three returns every month along with an annual return.<sup>7</sup> The requirement to file invoice level data and invoice matching with the suppliers for input credit just adds to the complexity. Another key challenge is the multiple tax rates that are in place even under the GST framework. The rates not only vary with the type of product/service a merchant deals in, but also on the value of a such product/service.<sup>8</sup> All these factors, including those discussed previously, taken together have led to increased compliance cost for businesses, particularly the small and micro ones.\r\n\r\nBusinesses frequently use accounting solutions and chartered accountants to execute the compliance procedure. All merchants surveyed in the Catalyst wholesaler study used an accounting software to file their tax returns. Accounting software or ERP (Enterprise Resource Planning) solutions,as they are formally known, are able to take care of the tax returns for a business. However ,currently the reconciliation of the payment for a particular transaction is done manually. A digital payments solution linked to ERPs will automate this and increase ease of compliance. This could induce small and micro merchants to adopt digital payment methods organically for their business operations. In this section, we explore the features that ERPs in India currently have to offer and how an accounting solution with a payments integration may help in easing compliance requirements for small businesses, and thus act as a hook for digital payments.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style \" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify \"]As per the Catalyst survey of wholesalers, the tax compliance function is currently executed using accounting and ERP software such as Tally, Marg, Busy, Quickbooks, and others. They provide users with services such as billing and invoicing, payment and expense handling, inventory management and taxation, among others.\r\n\r\nHowever, the survey was conducted among large wholesalers and smaller merchants who may be executing the compliance procedure differently. Presently, smaller enterprises may only generate paper-based invoices to record business transactions. These paper invoices are digitized by the firm’s accountant who executes the subsequent compliance requirements. The cost of employing an accountant is a compliance-related cost that\r\nGST-liable firms are required to bear. There are vendors on the market like SahiGST or Cleartax that offer tax filing software, but with pricing ranging from INR 4,000 through INR 12,000 it is unclear if smaller businesses subject to tax will avail of them.\r\n\r\nA better understanding of ERP solutions may shed more light on how digital payments integrated with ERPs may add value to businesses. In the process of filing GST returns, ERPs manage the whole workflow from generating the invoice for the sale, making the accounting entry for it and generating appropriate returns to be filed with the GSTN. However, the invoices need to be manually reconciled with their payment status. Manual reconciliation is an added friction that B2B transactions imply for merchants who usually deal with multiple businesses, both up and down the value chain. Further, business practices often involve deferred and part payments, which adds to the complexity of manual reconciliation.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>7</sup>GST Council on 21 July 2018 allowed quarterly filing of returns for firms having turnover less than INR 50 million, however firms above the threshold have to file monthly returns.</em>\r\n\r\n<sup>8</sup>Over 200 days of GST: The Road Ahead, PwC India. (Available at: https://www.pwc.in/assets/pdfs/publications/2018/over-200-days-of-gst-the-road-ahead.pdf)\r\n\r\n[/vc_column_text][kleo_divider][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style \" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]The need for automatic reconciliation of invoices was expressed by merchants in a dipstick survey of nine small pharmaceutical retailers in Jaipur, conducted by Catalyst in May 2018.<sup>9</sup> The survey revealed that all GST-compliant pharma retailers were using an accounting software and chartered accountants to file their returns. The reconciliation, however, was done manually within the ERP by the merchant. Merchants expressed interest in an ERP plus payments solution, which could enable them to pay and send payment requests through the platform itself.\r\n\r\nCatalyst spoke to its partner PayBee, a payments collection solutions provider, to gain insights on how such a product may be designed. Illustratively, a possible workflow is detailed below:<sup>10</sup>\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style \" width=\"1/2\" css=\".vc_custom_1537456587550{padding-top: 15px !important;}\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ul class=\"justify-content\">\r\n 	<li>Merchant makes a sale, generates an invoice for the same and maps the purchaser against the invoice within the payments-enabled ERP platform.</li>\r\n 	<li>Based on the payment terms and conditions, as decided mutually between merchant and purchaser, the platform automatically sends a payment request to the purchaser.<sup>11</sup></li>\r\n 	<li>Purchaser receives the payment request within their ERP platform and is presented with multiple digital payment options (UPI, Net Banking, Wallet).</li>\r\n 	<li>The ERP records the payment status in realtime and undertakes automatic reconciliation of the merchant’s books.</li>\r\n</ul>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify normal-style\"]The proposed integration reduces the frictions imposed by current reconciliation procedures. Given that reconciliation is an integral part of GST compliance, such a solution shall have an order of magnitude effect on easing GST compliance former chants; effectively exploiting digital payments’ potential in easing GST compliance. Razorpay, a payments acceptance platform, has developed a product which enables merchants to generate invoices, share them with the payer and accept payments.<sup>12</sup> This eases reconciliation as the merchant can tally ‘Account Receivables’ against ‘Invoices Issued’. However, the merchant shall still have to add invoice details and other transaction information on the ERP to file GST returns, creating the friction of managing multiple platforms. To the end of seamless GST compliance, an ERP + Payments offering remains the most comprehensive solution.\r\n\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>9</sup>Questionnaire used for the survey has been included in the Annexure 1.</em>\r\n\r\n<sup>10</sup>Conversation with Area Sales Manager, PayBee dated 31 July 2018\r\n\r\n<sup>11</sup>OProposed integration is different from the invoice enabled collect request functionality included within UPI 2.0 to the extent that ERP automatically sends a pull request as per the payment conditions whereas UPI 2.0 requires merchants to manually attach invoices in collect requests.\r\n\r\n<sup>12</sup>See: https://razorpay.com/blog/razorpay-gst-compliant-invoices/\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26347\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"GSTN &amp; PAYMENTS DATA BUNDLING TO FACILITATE SME CREDIT\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]The periodic and regular filing of tax invoices by SMEs implies a vast database of transaction records of GST-compliant merchants with the GSTN (the technological backbone of the GST ecosystem). Developers and service providers, including lenders, have access to GSTN APIs through GST Suvidha Providers. A “GSP”, as it is called, offers technological solutions to other stakeholders (Application ServiceProviders) to connect with GST systems.<sup>13</sup> This data, along with other data-sets, including payments data, could be leveraged by lenders to create alternative credit scores for under-banked SMEs. The invoice data will offer commercial data-points of the SME concerned and payments data can supplement with points from variables like power and utility payments, rentals, and telecom bills. Presently, the existing credit infrastructure in the country does not capture credit risk as evidenced from non-financial payables such as utility, telecom, and rentals.\r\n\r\nIn light of this status quo, GST reform presents the opportunity for policymakers to push through concerted marketing and SME on-boarding drives for digitization of payments in the aforementioned use-cases on the one hand and enabling credit information companies/other data utilities to capture utility payments and telecom bills data on the other. Presently, 30% of all power bills are paid digitally<sup>14</sup> and the data trails created therein, coupled with the GSTN database can be utilized to construct alternative credit scores for SMEs on the basis of which they can be lent to. The incentive of customized credit products can be further used to drive adoption of digital bill payments among merchants, creating a virtuous cycle of digital payments and customized credit.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]It is pertinent to note here that the RBI has recently mooted a public credit registry (PCR) that may potentially augment the existing credit information infrastructure (CICs).<sup>15</sup> Although it is not clear what data sources will feed into the PCR, payments data regarding utilities, telecom, and even rent can potentially be aggregated there and may be made available to lenders including fintech lenders via open APIs. The GSTN data coupled with this aggregated data will then provide the basis for an alternate credit score that will facilitate credit toSMEs. Finally, the Government e-Marketplace offers an important channel for offering credit to sellers based on transactions there, including Government-to-merchant (G2M) payments data.<sup>16</sup> Like with utilities and telecom, the G2M cash-flows through the GeM can complement GSTN data to create an alternate credit score for SMEs.\r\n\r\nTo summarize, while GSTN architecture may have limited ability to act as a direct hook for digital payments, GSTN data coupled with digitized payments use-cases across power, telecom, and rentals (C2M), and across GeM to the SME sellers (G2M) offers potential for creating alternate scores to facilitate credit. Thus, policymakers should package the push for digitization of payments using GSTN data as a hook.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>13</sup>See: https://economictimes.indiatimes.com/small-biz/startups/flipkart-wants-to-become-gst-suvidha-provider/articleshow/58782560.cms?utm_\r\nsource=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst</em>\r\n\r\n<sup>14</sup>4BCG-Google, Digital Payments 2020: The Making of a $500 Billion Ecosystem in India (July 2016). Available at: http://image-src.bcg.com/BCG_COM/BCGGoogle%20Digital%20Payments%202020-July%202016_tcm21-39245.pdf\r\n\r\n<sup>15</sup>BCG, Digital Lending: A $1 trillion opportunity over the next five years (July 2018).\r\n\r\n<sup>16</sup>See https://gem.gov.in/\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26348\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"TAX INCENTIVES\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]Paying digitally, however, means that all transactions are recorded and liable to be taxed. In this scenario, the consumers have to bear the erstwhile undeclared tax burden; this is an added cost imposed by digital payments. Industry experts have noted that the tax savings that result from cash-based transactions drive SME unit economics. Navin Surya, Chairman of Payments Council of India, suggested that policymakers should incrementally reduce the tax incidence on every additional rupee brought into the formal economy. The tax rate should be designed such that the small businesses can make the trade-off between the cash-driven tax savings with peace of mind brought with formalization.<sup>17</sup> Thus, there appears to be a case for providing tax based/GST based incentives for payments done digitally to promote their usage.\r\n\r\nThis note has previously mentioned the value of digital B2B payments in easing compliance and facilitating credit for enterprises. A tax incentive policy can further augment these levers and turn GST into a potent hook for digital payments. The incentive can be directed at a particular stage of the business value chain that has the potential of digitizing all transactions, upstream and downstream, to it.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]There exists a need for instituting a GST/non-GST tax-driven policy that rewards enterprises for digitization of all hitherto unrecorded transactions (illustratively by lowering GST/other tax rate applicable to a class of merchants’ contingent on them using digital payments to pay upstream and downstream). Empirical testing will reveal the optimum \'nudge\' at which the benefits from digitization for the merchant will outweigh the benefits from tax arbitrage, if any. Such evidence-based policy will facilitate formalization.\r\n\r\nCountries have also experimented with the C2B interface. Uruguay, through its 2014 financial inclusion law, introduced VAT incentives on the use of digital means to pay. Individuals were given a tax credit to the extent of 2% on the VAT rate for payments made digitally.<sup>18</sup> As a result of these incentives, debit cards transactions increased seven to eight times in a span of two years. The GST Council, in a similar vein, has instituted a rebate of 20% (capped at INR 100) of the total GST amount on payments made via BHIM UPI, RuPay Cards and USSD in rural and semi-urban areas.<sup>19</sup> It remains to be seen if the pilots yield the desired results.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text text_color=\"#383b3b\" font_size=\"11px\" letter_spacing=\"\" el_class=\"star-text\"]<em><sup>17</sup>Catalyst - Interview with Mr. Navin Surya, Chairman, Payments Council of India. Available at: https://cashlesscatalyst.org/interviews/interview-mr-naveensurya-chairman-payments-council-india/</em>\r\n\r\n<sup>18</sup>See https://www.betterthancash.org/news/media-releases/uruguay-makes-great-strides-toward-the-universalization-of-access-to-financial-services\r\n\r\n<sup>19</sup>See:https://www.business-standard.com/article/economy-policy/gst-council-meet-msme-in-focus-cashback-for-digitalisation-on-pilotbasis-118080400464_1.html\r\n\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"150\" padding_bottom=\"150\" inline_style=\"font-style: normal;\" bg_image=\"26345\"][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=\"ACTIONABLES FOR POLICYMAKERS\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" el_class=\"normal-style \"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]Three actionable insights can be derived from our research:\r\n\r\n<strong>ERP Integration with Digital Payments:</strong>\r\n\r\nPolicymakers may organize a hackathon to crowdsource a solution involving an ERP platform bundled with digital payments that automatically reconciles statements against their payment status. It appears from surveyed evidence that there is a felt need for such a solution.\r\n\r\n<strong>Creation of a Data Utility that Compliments GSTN:</strong>\r\n\r\nPolicymakers may facilitate creation of a data utility that will aggregate non-financial transactions (telecom, utility bills) paid digitally. Extant invoice level data on the GSTN network can be coupled with data aggregated by the data utility to construct an alternate credit score for SMEs that can be relied upon to lend to merchants.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"normal-style\" width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\nCampaigns targeted at pushing consumers to pay their utility, telecom (and potentially rent) bills may use alternate credit scoring as a hook for digital payments. GST can thus be an indirect spur for digital payments through the creation of alternate data-sets that can complement GSTN data.\r\n\r\n<strong>Tax Incentives to Drive B2B Digitization:</strong>\r\nAn incentive framework that is targeted at digitizing B2B supply chains by reducing the tax incidence on every additional rupee brought into the formal economy must be explored.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_column_text letter_spacing=\"\"]\r\n<p style=\"text-align: left;\"><span style=\"color: #da092b;\">TECHNICAL WRITERS:</span> Mandar Kagade, Raghav Katyal, Janak Priyani, and Diksha Singh</p>\r\n<p style=\"text-align: left;\"><span style=\"color: #da092b;\">ACKNOWLEDGEMENTS:</span> The authors would like to thank Navya Mathur, Area Sales Manager, PayBee\r\nand GSTStreet for their insights on merchant pain-points around invoicing and GST compliance.</p>\r\n[/vc_column_text][kleo_button title=\"Download full report\" href=\"https://cashlesscatalyst.org/wp-content/uploads/2018/09/GST-Learning-Note.pdf\" target=\"_blank\" position=\"center\" size=\"lg\" type=\"boxed-icon\" special=\"no\" icon=\"download\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pkirbtn\" icon_custom_background=\"#d11e3c\" icon_custom_text=\"#ffffff\"][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"7886\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1549446815741{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">[footer_copy]</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\r\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\r\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', 'Leveraging GST for digital payments', '', 'inherit', 'closed', 'closed', '', '26240-revision-v1', '', '', '2019-02-06 09:53:43', '2019-02-06 09:53:43', '', 26240, 'https://cashlesscatalyst.org/media/26240-revision-v1/', 0, 'revision', '', 0),
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(39301, 12, '2018-11-15 15:27:32', '2018-11-15 15:27:32', '[vc_row full_height=\"yes\" equal_height=\"yes\" content_placement=\"middle\" text_align=\"center\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"110\" padding_bottom=\"0\" bg_image=\"39287\"][vc_column][kleo_gap size=\"100px\"][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner el_class=\"uppercase\" width=\"2/3\"][vc_column_text text_color=\"#ffffff\" font_size=\"48px\" letter_spacing=\"\" el_class=\"title_blog\"]\r\n<h2 style=\"text-align: center; text-transform:uppercase\">Can hunger for growth lead to early adoption of digital payment solutions?</h2>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"130px\"][/vc_column][/vc_row][vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"color\" bg_color=\"#ffffff\" padding_top=\"10\" padding_bottom=\"0\"][vc_column width=\"1/2\"][/vc_column][vc_column width=\"1/2\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"5/12\" css=\".vc_custom_1504265033147{padding-right: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/3\" css=\".vc_custom_1504265063058{padding-left: 0px !important;}\"][vc_column_text letter_spacing=\"\"][addtoany][/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\" css=\".vc_custom_1504265782417{padding-right: 0px !important;padding-left: 0px !important;}\"][kleo_button title=\"Print this page\" href=\"https://cashlesscatalyst.org/wp-content/uploads/2018/08/Gen-Next_Chit_Funds_From_Dusty_Dab_as_to_Digital_Khaatas.pdf\" target=\"_blank\" style=\"custom\" position=\"left\" size=\"lg\" special=\"no\" border=\"no\" icon=\"print\" font_size=\"16px\" letter_spacing=\"\" el_class=\"grey-icon\" custom_text=\"#d11e3c\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_image=\"7841\"][vc_column][vc_row_inner][vc_column_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\"]Praveen Agarwal, a 35-year-old merchant, lives and works in the Sodala neighborhood of Jaipur. Together with his brother, he runs a retail shop that sells bags. Neither uses Paytm, Unified Payments Interface (UPI), PhonePe, Bharat Interface for Money (BHIM) or other popular means of digital payments. Praveen tells us that he had installed Paytm about a year ago on his phone but never had the urge to use it. However, after running a shop for ten years, he invested in a mobile point of sale (mPoS) machine to lure new customers.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"100\" padding_bottom=\"100\" el_class=\"uppercase\" bg_image=\"24280\"][vc_column][vc_row_inner content_placement=\"middle\"][vc_column_inner][vc_single_image image=\"24271\" alignment=\"center\"][vc_custom_heading text=\"WHAT’S THE HOOK TO ADOPT DIGITAL PAYMENT SOLUTIONS?\" font_container=\"tag:h2|font_size:36px|text_align:center|color:%23ffffff|line_height:46px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1542295047814{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_image=\"7841\"][vc_column][vc_row_inner][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\"]Intrigued by this change in behavior, we asked him about the real triggers behind this decision. Praveen says that he had been running a small shop next to his current shop till three months ago. He and his brother used a large part of their savings to move into a bigger shop on the main road. Now, the shop is noticeable in terms of both its size and location.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\"]Praveen says, “Earlier only one or two customers would want to make payments through a credit or debit card. Today, with this bigger shop, we see about six or seven such customers daily. We don’t want to lose these customers. Each customer is valuable for our business.”\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\"]<p>There is no ATM within a one kilometer radius of the shop. Praveen adds, “At times, customers would leave the shop to withdraw money from the closest ATM, and change their minds in the process. At times they would never return. I do not want to lose those customers or let them change their minds. I think a PoS machine is going to help me hook those customers.”</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\"][vc_column][vc_single_image image=\"24272\" alignment=\"center\"][vc_custom_heading text=\"WHAT’S THE HOOK TO ADOPT DIGITAL PAYMENT SOLUTIONS?\" font_container=\"tag:h2|font_size:36px|text_align:center|color:%23000000|line_height:46px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1542294061384{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\"]Intrigued by this change in behavior, we asked him about the real triggers behind this decision. Praveen says that he had been running a small shop next to his current shop till three months ago. He and his brother used a large part of their savings to move into a bigger shop on the main road. Now, the shop is noticeable in terms of both its size and location.\r\n\r\nPraveen says, “Earlier only one or two customers would want to make payments through a credit or debit card. Today, with this bigger shop, we see about six or seven such customers daily. We don’t want to lose these customers. Each customer is valuable for our business.”\r\n\r\nThere is no ATM within a one kilometer radius of the shop. Praveen adds, “At times, customers would leave the shop to withdraw money from the closest ATM, and change their minds in the process. At times they would never return. I do not want to lose those customers or let them change their minds. I think a PoS machine is going to help me hook those customers.”\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"100\" padding_bottom=\"100\" el_class=\"uppercase\" bg_image=\"24281\"][vc_column][vc_row_inner content_placement=\"middle\"][vc_column_inner][vc_single_image image=\"24412\" alignment=\"center\"][vc_custom_heading text=\"CATALYST’S ENGAGEMENT\" font_container=\"tag:h2|font_size:36px|text_align:center|color:%23ffffff|line_height:46px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1542294454675{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_image=\"7841\"][vc_column][vc_row_inner][vc_column_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\"]CATALYST has been experimenting with various ‘value additions’ to the PoS/mPoS mechanism to discover a perfect hook for digital payments adoption and access to credit. Field stories such as this tell us that newly opened shops with a larger ambition and bigger appetite for growth can be good use cases for early adoption. However, for shops that have not been able to grow in size over time or where the cost of digital adoption is still high, we need to experiment further to learn, through an iterative process, about value-added services that can lead to faster adoption.\r\n\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][kleo_button title=\"Download\" href=\"https://cashlesscatalyst.org/wp-content/uploads/2018/08/Gen-Next_Chit_Funds_From_Dusty_Dab_as_to_Digital_Khaatas.pdf\" target=\"_blank\" position=\"center\" size=\"lg\" type=\"boxed-icon\" special=\"no\" icon=\"download\" font_size=\"14\" letter_spacing=\"\" el_class=\"pkirbtn\" icon_custom_background=\"#d11e3c\" icon_custom_text=\"#ffffff\"][/vc_column][/vc_row]', 'Can hunger for growth lead to early adoption of digital payment solutions?', '', 'inherit', 'closed', 'closed', '', '39285-revision-v1', '', '', '2018-11-15 15:27:32', '2018-11-15 15:27:32', '', 39285, 'https://cashlesscatalyst.org/media/39285-revision-v1/', 0, 'revision', '', 0),
(41020, 0, '2019-03-24 20:45:42', '2019-03-24 20:45:42', 'A new comment on the post \"Digitizing an urban slum in Jaipur:  Hunting for mobile network to go digital\" is waiting for your approval\r\nhttps://cashlesscatalyst.org/catalyst-blog/hunting-mobile-network-go-digital/\r\n\r\nAuthor: liveinternet.ru (IP: 212.129.32.72, 212-129-32-72.rev.poneytelecom.eu)\r\nEmail: milliedaigre@yahoo.com\r\nURL: http://liveinternet.ru\r\nComment: \r\nHi there, I log on to your blogs on a regular basis.\r\nYour story-telling style is witty, keep doing what you\'re doing!\r\n\r\nApprove it: https://cashlesscatalyst.org/wp-admin/comment.php?action=approve&amp;c=12079#wpbody-content\r\nTrash it: https://cashlesscatalyst.org/wp-admin/comment.php?action=trash&amp;c=12079#wpbody-content\r\nSpam it: https://cashlesscatalyst.org/wp-admin/comment.php?action=spam&amp;c=12079#wpbody-content\r\nCurrently 140 comments are waiting for approval. Please visit the moderation panel:\r\nhttps://cashlesscatalyst.org/wp-admin/edit-comments.php?comment_status=moderated#wpbody-content\r\n', '[Catalyst] Please moderate: \"Digitizing an urban slum in Jaipur:  Hunting for mobile network to go digital\"', 'Bad Request(invalid_grant)', 'private', 'closed', 'closed', '', 'catalyst-please-moderate-digitizing-an-urban-slum-in-jaipur-hunting-for-mobile-network-to-go-digital-9', '', '', '2019-03-24 20:45:42', '2019-03-24 20:45:42', '', 0, 'https://cashlesscatalyst.org/postman_sent_mail/catalyst-please-moderate-digitizing-an-urban-slum-in-jaipur-hunting-for-mobile-network-to-go-digital-9/', 0, 'postman_sent_mail', '', 0),
(11005, 1, '2017-08-11 14:22:31', '2017-08-11 14:22:31', '<ul class=\"pclist-red\">\r\n<li><strong>Application form</strong>, including your company’s D-U-N-S number - outlines scope of project and additional details on objectives, timelines etc. as per the guideline provided\r\n</li>\r\n<li><strong>Budget and cost share (“skin in the game”) plan</strong> - establishes costs and financial information for the project and will include a detailed itemized budget and a narrative defining each budget item\r\n</li>\r\n	<li><strong>Work plan</strong> - visually maps out objectives of the project alongside associated activities and proposed milestones\r\n</li>\r\n	<li><strong>Monitoring & evaluation plan</strong> - creates clear targets and baselines for the project and defines how it contributes to the overarching M&E indicators of Catalyst</li>\r\n\r\n	<li><strong>Self-assessment form</strong> - basic information about your company and its operations to date, based on the stage of your company’s operations.</li>\r\n\r\n	<li><strong>Signed certifications</strong> - set of certifications required from the company for purposes of legal compliance</li>\r\n\r\n\r\n</ul>', 'Phase2', '', 'publish', 'closed', 'closed', '', 'phase2', '', '', '2017-08-11 15:10:20', '2017-08-11 15:10:20', '', 0, 'http://cashlesscatalyst.org/?post_type=popup&#038;p=11005', 0, 'popup', '', 0),
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(25059, 12, '2018-08-06 12:38:55', '2018-08-06 12:38:55', '', 'new-6', '', 'inherit', 'closed', 'closed', '', 'new-6', '', '', '2018-08-06 12:38:55', '2018-08-06 12:38:55', '', 0, 'http://cashlesscatalyst.org/wp-content/uploads/2018/08/new-6.jpg', 0, 'attachment', 'image/jpeg', 0),
(25060, 12, '2018-08-06 14:45:18', '2018-08-06 14:45:18', '[vc_row type=\"image\" bg_image=\"7841\"][vc_column][vc_row_inner][vc_column_inner width=\"1/2\"][vc_custom_heading text=\"ABOUT US\" font_container=\"tag:h2|font_size:36px|text_align:left|line_height:42px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text letter_spacing=\"\"]Catalyst is an initiative funded by United States Agency for International Development (USAID) under the mSTAR Program to increase adoption of digital payments in India, using a targeted ecosystem approach.\r\n\r\nOur vision is to realize an inclusive digital economy that meets the needs of all Indians.\r\n\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][accordion_slider id=\"9\"][/vc_column_text][/vc_column][/vc_row]', 'about-banner', '', 'publish', 'closed', 'closed', '', 'about-banner', '', '', '2018-08-07 08:11:16', '2018-08-07 08:11:16', '', 0, 'http://cashlesscatalyst.org/?page_id=25060', 0, 'page', '', 0),
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(11030, 1, '2017-08-14 06:31:31', '0000-00-00 00:00:00', '[vc_row type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" bg_image=\"7841\"][vc_column][vc_row_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][vc_column_inner width=\"5/6\"][vc_custom_heading text=\"MEET THE TEAM\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\"]\n<p style=\"text-align: center;\">We are a lean, entrepreneurial and motivated team of thinkers and doers.</p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" bg_image=\"7841\"][vc_column][vc_row_inner equal_height=\"yes\" el_class=\"pmember-container\"][vc_column_inner el_class=\"pteam-inner-container\" width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1486996932974{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"badal-malick\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/01.png\" alt=\"badal malick\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"badal-malick\">BADAL MALICK</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"CEO\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485769625890{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Trained in physics and economics, Badal loves to tinker with big ideas. He is passionate about disruptive innovation and large-scale change, which is reflected in his professional trajectory.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/badalmalick\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"pteam-inner-container\" width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1487054739197{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"alok\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/03-1.png\" alt=\"ALOK GUPTA\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"alok\">ALOK GUPTA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"DIRECTOR, PARTNERSHIPS &amp; IMPLEMENTATION\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489125682086{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Alok loves bringing positive social change at scale through innovative solutions. He’s a sports enthusiast who believes that a strong sports culture is key for individual and nation growth.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/alokgupta1\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"pteam-inner-container\" width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1488876829063{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"vivekdeep\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/vivekdeep-gupta.png\" alt=\"vivekdeep\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"vivekdeep\">VIVEKDEEP GUPTA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ASSOCIATE DIRECTOR, INNOVATION &amp; STRATEGIC INITIATIVES \" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489124374360{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Vivekdeep Gupta is a graduate of Harvard Business School and, prior to Catalyst, was a co-founder at Covrd, San Francisco - a fintech start-up for workers in the sharing economy.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/vivekdeepg/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner el_class=\"pteam-inner-container\" width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1496916966314{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"parvinder\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2017/04/Parvinder.png\" alt=\"PARVINDER SINGH\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"parvinder\">PARVINDER SINGH</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ASSOCIATE DIRECTOR, LEARNING &amp; COMMUNICATIONS\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1496917034539{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Parvinder is a social scientist by education with a research degree in economic history from JNU, and 16+ years of experience in media, marketing, advocacy, campaigns, and policy engagement.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/parvinder7singh/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\n<div id=\"badal-malick\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">BADAL MALICK</h2>\n<h3 class=\"pteam-member-position\">CEO</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"badal-malick\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nBadal has a deep industry background in financial services, digital payments and online commerce. Previously, he was a Vice President at Snapdeal where he built an Omnichannel business from ground up; a Group Product Head at Intuit’s Quickbooks business unit where he crafted new fintech products; an Engagement Manager at McKinsey’s financial services and payments practice where he advised Fortune 50 companies on innovation strategies; and an Economist at the World Bank\'s Water and Sanitation Program where he led a ground breaking a new initiative focused on public accountability in urban service delivery.\n\nHe is a technology enthusiast, an active angel investor, and once played for a NYC based rock band. He has an MBA from the Yale School of Management.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"alok\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">ALOK GUPTA</h2>\n<h3 class=\"pteam-member-position\">DIRECTOR, INCUBATION</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"alok\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nAlok has 22 years of global experience in fintech solutions. He was COO, India, at World Resources Institute where he set up global work in urban innovation and tools. Before that he was member of the startup team at UIDAI driving program strategy and implementation of Aadhaar – the world’s largest biometric-based online identity platform for 1.2 billion Indians -- enabling roll out of the Aadhaar-based payment platform and effective delivery of welfare services. Prior to UIDAI, he took two fintech ventures to the Indian market as a founding team member. Earlier, he worked in the U.S. for 10 years with Trend Micro, managing global IT strategy, and DiamondCluster, developing and executing digital strategies for Fortune 50 companies.\n\nHe has an Electronic Commerce management degree from Tepper School of Business, Carnegie Mellon University and Bachelors in Electrical Engineering from Delhi College of Engineering.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"sudhir\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">SUDHIR KUMAR</h2>\n<h3 class=\"pteam-member-position\">ECOSYSTEM OPERATIONS LEADER</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sudhir\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nPreviously, while with the Small Industries Development Bank of India (SIDBI), Sudhir headed its Financial Inclusion initiative (Poorest States Inclusive Growth program) in Madhya Pradesh and Uttar Pradesh, focusing on increasing access to financial services among poor households. As an entrepreneur, Sudhir initiated his own Urban Microfinance Company called MITRA in Rajasthan, providing financial services to urban poor. He has also worked closely with industry associations on policy and advocacy issues and with client-beneficiaries in urban and rural Rajasthan to generate linkages with livelihoods.\n\nHe is a postgraduate from the Indian Institute of Forest Management (IIFM).\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"parvinder\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">PARVINDER SINGH</h2>\n<h3 class=\"pteam-member-position\">ASSOCIATE DIRECTOR, LEARNING &amp; COMMUNICATIONS</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"parvinder\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nPassionate about evidence-based conversations and storytelling, he has co-created community media initiatives and digital platforms for public engagement for inclusion and social change. Parvinder has worked with some of the leading development organizations like ActionAid, Oxfam, Christian Aid International, Plan International and Landesa among others. He loves contributing to the on-going public discourses through his writings and has been published in academic journals and international news media.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"sapna\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">SAPNA BHARATH</h2>\n<h3 class=\"pteam-member-position\">MANAGER, INCUBATION</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nSapna has been a pilot team member at global investment banks such as Goldman Sachs, Lehman Brothers and Nomura, and their set up and start up story in India. With over 11 years of experience across transition, operations and execution of large-scale business transformation programs, her noteworthy engagements involved the roll out of new bank branch set ups for equity and fixed income businesses in Mauritius, Singapore, Indonesia and China. In her last stint at Nomura, she was instrumental in front-to-back program management, business analysis and user-acceptance testing for projects such as delivery of India FII Proprietary Trading business roll-out. Prior to Nomura, Sapna was a business analyst at Goldman Sachs and established a center of excellence reconciliation platform for Lehman’s global businesses.\n\nSapna holds a Bachelor in Commerce Degree, an MBA from the Symbiosis University, Pune and is Six Sigma Green Belt certified.\n\n</div>\n</div>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner equal_height=\"yes\" el_class=\"pmember-container\"][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1487054787426{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"sudhir\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/02.png\" alt=\"SUDHIR KUMAR\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"sudhir\">SUDHIR KUMAR</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ECOSYSTEM OPERATIONS LEADER\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485770224009{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Sudhir has over 13 years of professional experience in the financial inclusion and microfinance space, aimed at reaching the financially underserved sections of society.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/sudhir181279?trk=nav_responsive_tab_profile\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1487054861565{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"sapna\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/05-1.png\" alt=\"sapna\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"sapna\">SAPNA BHARATH</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"MANAGER, PARTNERSHIPS &amp; IMPLEMENTATION\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489125698593{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Sapna is a change-enthusiast and an offshoring startup specialist with core experience in Business Analysis, Project and Program Management. She truly believes that \'change is the law of life\'.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"http://linkedin.com\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1487055590442{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"aparajita\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/07n.png\" alt=\"APARAJITA BHARTI\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"aparajita\">APARAJITA BHARTI</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"COMMUNICATIONS AND MEDIA CONSULTANT\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485769613786{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Passionate about communicating complex policy issues to people in a form that is easily understandable, Aparajita brings rich experience in policy and communications to the table.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/aparajita-bharti-8650779\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1487055299908{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"rohit\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/04-1.png\" alt=\"ROHIT KUMAR\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"rohit\">ROHIT KUMAR</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"POLICY CONSULTANT\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485770202358{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Rohit is an engineer turned policy wonk with years of experience in researching policy issues. He is a 2013 IPRYLI (India-Pakistan Regional Young Leaders Initiative) fellow with the Asia Society.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/rohit-kumar-7a60799\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\n<div id=\"aparajita\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">APARAJITA BHARTI</h2>\n<h3 class=\"pteam-member-position\">COMMUNICATIONS AND MEDIA CONSULTANT</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"aparajita\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nAparajita was one of the four Indians selected for the Faiths Act Fellowship by the Tony Blair Faith Foundation. Prior to that, she was a LAMP Fellow and worked as a Legislative Assistant to Mr. N.K. Singh, Member of Parliament, Rajya Sabha. Most recently, she was Manager, Corporate Affairs and Communications at Snapdeal where she was responsible for media messaging and engagement, in addition to providing inputs on policy and legislative issues concerning the digital commerce sector. She also developed and managed partnerships with many state governments for Snapdeal.\n\nA street theatre artist in her undergraduate years, Aparajita was instrumental in seeding ‘Manthan’ – an annual congregation of street theatre student groups to spread social awareness across India. Manthan has now expanded to 15+ towns and cities.\n\nShe is an alumnus of Oxford University and College of Business Studies at Delhi University.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"rohit\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">ROHIT KUMAR</h2>\n<h3 class=\"pteam-member-position\">POLICY CONSULTANT</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"rohit\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">Rohit served as the Head of Policy and Research at the office of Mr. Baijayant ‘Jay’ Panda, Member of Parliament (MP) in Lok Sabha. Prior to that, he has worked for several years with PRS Legislative Research, the Indian think-tank that supports MPs across party lines with research on legislative and policy issues. At PRS, Rohit also developed ‘MP Track’, a tool that is widely used by civil society to track engagement of MPs in Parliament. Before shifting to policy, he was a strategy consultant with the Boston Consulting Group (BCG).Rohit is an alumnus of the Harvard Kennedy School of Government and Indian Institute of Technology-Bombay.</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"vaisnavi\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">VAISNAVI GNANASEKARAN</h2>\n<h3 class=\"pteam-member-position\">MONITORING &amp; EVALUATION SPECIALIST</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"vaisnavi\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nVaisnavi has worked with various international organizations on research projects focused on the development sector while undertaking her Masters degree. She worked at the United Nations Population Fund Headquarters in New York where she was involved in designing and coordinating evaluation studies of global projects. During this time, she worked with UNICEF and UN Women on evaluation of a jointly operated project to address female genital mutilation in Sub-Saharan Africa. Prior to this, she worked with faculty at the University of Alberta on projects ranging from safe needle exchange programs for addicts to special after-school programs for at-risk children. As a volunteer, Vaisnavi worked with sex workers’ union and human rights activist groups. She specializes on solutions that have a strong data analytical backbone in the development sector.\n\nVaisnavi recently completed her Master degree in Public Health from University of Alberta, Canada.\n\n</div>\n</div>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner equal_height=\"yes\" el_class=\"pmember-container\"][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1490770372973{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"arindam\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2017/03/Arindam.png\" alt=\"arindam\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"arindam\">ARINDAM JANA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"DATA SCIENTIST\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1490764889122{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Arindam with a background in mathematics and economics, has been a data junkie for almost ten years, with experience across several industries ranging from economics to sports.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/arindam-jana-a35566a6\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1487055436382{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"vaisnavi\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2017/01/Vaisnavi-Gnanasekaran.png\" alt=\"VAISNAVI GNANASEKARAN\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"vaisnavi\">VAISNAVI G</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"MONITORING &amp; EVALUATION SPECIALIST\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485770270198{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Passionate about designing solutions that address the needs of the underserved sections of society, Vaisnavi’s journey in the development sector started through volunteer opportunities.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/vaisnavi-gnanasekaran-91758665\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1489559354669{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"preeti-bawa\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Preeti-Bawa.png\" alt=\"preeti bawa\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"preeti-bawa\">PREETI BAWA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ADMINISTRATIVE OFFICER\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488796416739{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">With flawless administrative skills, Preeti is passionate about her work; conducting events is her strength. She feels good to provide support to her teammates.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1500902938636{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"gaurav\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Gaurav.png\" alt=\"gaurav\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"gaurav\">GAURAV SINGHAL</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"BUSINESS ANALYST\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1500902983000{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Passionate about fintech and use of blockchain to improve regulation tech, Gaurav loves designing the efficient ways to streamline processes. prior catalyst he was a co-founder at Authentic – An India stack based E-KYC and authentication startup.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/gsinghal680/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\n<div id=\"arindam\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">ARINDAM JANA</h2>\n<h3 class=\"pteam-member-position\">DATA SCIENTIST</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"arindam\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nArindam has developed analytical frameworks for problems ranging from performance and strategy evaluation in Twenty20 cricket, to identifying possible locations for the new capital of the bifurcated state of Andhra Pradesh, to assessing credit risk in data-poor lending networks, to proving cartel and monopolistic behaviour in markets. Arindam also has a keen interest in developing data pipelines, with a specific interest in data quality and value add – in his time with Indian Institute for Human Settlements, he was instrumental in developing a spatiotemporal database panning sources from Census of India to remote sensing imagery from NASA and ISRO. In his free time, Arindam loves following long form cricket from across the globe, cooking, and analysing films.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"preeti-bawa\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">PREETI BAWA</h2>\n<h3 class=\"pteam-member-position\">ADMINISTRATIVE OFFICER</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"preeti-bawa\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nPreeti previously worked with FHI360 where she gained exposure to the development sector. Earlier, at Jayanita Exports, she was exposed to work with global buyers for handicraft export and import. Before that, at Alar Impex Pvt. Ltd., she was working with the Belgian government on importing dredging machines from Belgium. Her first experience was interesting: she started her career with SSC as an invigilator for initial paper checks.\n\nShe has an Economics degree from Delhi University, and an Office Management and Secretarial Diploma from YMCA as well as an Operational Management diploma from MIT.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"sunil\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">SUNIL GURUBHAGWATLA</h2>\n<h3 class=\"pteam-member-position\">SENIOR ASSOCIATE, PARTNERSHIPS &amp; IMPLEMENTATION</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sunil\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nSunil has worked with Snapdeal in the capacity of Brand Alliances Manager. He has also worked to pilot the Omni channel form of retail in the e-commerce space. Prior to that, he has worked with Cognizant as a Business Intelligence consultant for clients ranging from the publications to banks to telecom sectors.\n\nHe is an alumnus of Mudra Institute of Communications (MICA), Ahmedabad and National Institute of Technology, Raipur.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"tunisha\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">TUNISHA KAPOOR</h2>\n<h3 class=\"pteam-member-position\">OPERATIONS ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"tunisha\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nTunisha has valuable work experience in both the corporate as well as the development sector. She worked as a Senior Research Associate with Consumer Unity and Trust Society for two years handling policy and regulatory research. Prior to that she worked with IMRB International for three years and was responsible for end-to-end project management. She handled both quantitative as well as qualitative studies in the areas of brand health checks as well as communication evaluations.\n\nTunisha has a management degree from Mudra Institute of Communications, Ahmedabad (MICA).\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"darshan\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">DARSHAN SINGH</h2>\n<h3 class=\"pteam-member-position\">OPERATIONS ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"darshan\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nDuring Darshan\'s tenure at DA, he played a leadership role in the creation of ecosystem development for fly ash brick industry, enterprise development, creation of market linkages and integrated village development with HUL and Bharat Oman Refineries Limited. His business proposal on Rural Home Stays in Madhya Pradesh “Homes of India” was selected by IIM- Calcutta as a semi-finalist entry to TATA Social Enterprise Challenge and he was offered the Entrepreneurship Development Program at IIM-Calcutta on incubation. As an independent consultant, he has helped non-profit organizations with fundraising and marketing strategies. He has also independently conducted marketing activation campaigns for various corporates.\n\nDarshan’s education background is in economics and international business management.\n\n</div>\n</div>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row equal_height=\"yes\" type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner equal_height=\"yes\" disable_element=\"yes\" el_class=\"pmember-container phide\"][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1489559407412{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"tunisha\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Tunisha-Kapoor-n.png\" alt=\"tunisha\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"tunisha\">TUNISHA KAPOOR</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489124485407{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24\"]\n<p style=\"text-align: justify;\">Tunisha is passionate about policy and regulatory research and has had professional exposure in a diverse set of sectors including business responsibility, insurance and energy.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/tunisha-kapoor-9a117851\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1489559208776{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"darshan\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2017/02/Darshan-Singh.png\" alt=\"Darshan Singh\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"darshan\">DARSHAN SINGH</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489124474197{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24\"]\n<p style=\"text-align: justify;\">Prior to Darshan\'s association with Catalyst, he was associated with Indian Institute of Management (IIM)-Indore, Development Alternatives (DA) for entrepreneurship and enterprise development programs.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"http://www.linkedin.com/in/darshan-singh-09907777181\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1488540333698{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"anup\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Anup-Kumar-Roy.png\" alt=\"anup\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"anup\">ANUP KUMAR ROY</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS LEADER, IFMR LEAD\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488796637369{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"pteam-content-container lh24\"]\n<p style=\"text-align: justify;\">As Chief Operating Officer, Anup ensures organizational effectiveness by providing leadership for the organization’s key functions and international expansion.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"pteam-social-link-container lh24\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/anup-kumar-roy-a4bb0688\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1488521787115{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"preethi-rao\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2017/02/Preeti-Rao.png\" alt=\"preethi-rao\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"preethi-rao\">PREETHI RAO</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS MANAGER, IFMR LEAD\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488796513429{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Preethi oversees field data collection and digitization operations and is also involved in developing and leading research studies and short-term projects in open data, finance and healthcare.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/preethi22/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=\"yes\" el_class=\"pmember-container\"][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1489559380726{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"sunil\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Sunil-Gurubhagwatla.png\" alt=\"sunil\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"sunil\">SUNIL GURUBHAGWATLA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"SENIOR ASSOCIATE, PARTNERSHIPS &amp; IMPLEMENTATION\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489487589476{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Sunil is an engineer turned management student. He has worked in the areas of brand alliance in ecommerce and as a Business Intelligence consultant for several domains.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/sunil-gurubhagwatla-42a9791a\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1489559407412{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"tunisha\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Tunisha-Kapoor-n.png\" alt=\"tunisha\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"tunisha\">TUNISHA KAPOOR</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489124485407{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Tunisha is passionate about policy and regulatory research and has had professional exposure in a diverse set of sectors including business responsibility, insurance and energy.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/tunisha-kapoor-9a117851\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1491372112572{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"darshan\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Darshan-singh.png\" alt=\"Darshan Singh\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"darshan\">DARSHAN SINGH</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489124474197{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Prior to Darshan\'s association with Catalyst, he was associated with Indian Institute of Management (Indore), for entrepreneurship and enterprise development programs.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"http://www.linkedin.com/in/darshan-singh-09907777181\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1488876627889{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"siddharth\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Siddhanth_Dhankhar.png\" alt=\"siddharth\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"siddharth\">SIDDHARTH DHANKHAR</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"OPERATIONS ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1489124425504{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Siddharth enjoys mathematics and all things data. He joins Catalyst from the partnerships &amp; strategic initiatives team at Snapdeal. He loves swimming, squash and anything that gets him outdoors.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/siddharthdhankhar\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\n<div id=\"anup\" class=\"team-profile-container\" style=\"style: z-index: 11;\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">ANUP KUMAR ROY</h2>\n<h3 class=\"pteam-member-position\">OPERATIONS LEADER, IFMR LEAD</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"anup\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nAnup joined IFMR Research in October 2005 as Research Associate and has worked in several research studies. Prior to IFMR, he worked with University of Delhi for four years, as well as the World Bank as Short Term Consultant for more than a year. At present, as COO, he is involved in IFMR’s international expansion, partnership and training, HR and administration, grant management, financial functions, effective data collection, data management and ethical compliance.\n\nAnup holds a Master degree in Social Work from the University of Delhi.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"preethi-rao\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">PREETHI RAO</h2>\n<h3 class=\"pteam-member-position\">OPERATIONS MANAGER, IFMR LEAD</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"preethi-rao\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nPreethi also engages in fundraising, outreach and capacity building activities for IFMR LEAD. She has been with IFMR LEAD since 2006 (she took a sabbatical from 2012 to 2014 during which she traveled and babysat her first born). She lends a helping hand to Team Catalyst when they face operational challenges thus ensuring (or at least trying to ensure) smooth backend support for seamless front-end delivery.\n\nShe has a Masters Degree in Management from IFMR Business School where her focus areas were Finance and Marketing.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"vivekdeep\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">VIVEKDEEP GUPTA</h2>\n<h3 class=\"pteam-member-position\">ASSOCIATE DIRECTOR, INNOVATION &amp; STRATEGIC INITIATIVES</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"vivekdeep\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nVivekdeep Gupta graduated in 2014 with an MBA in Finance and Economics. Vivek has significant public policy experience, having worked at the Office of the Advisor to Prime Minister of India where he designed parts of the National Skill Development Policy and approved loans for skill development programs. He also worked with Mr. N Chandrababu Naidu, through the AP Economic Development Board, during his current tenure as Chief Minister of Andhra Pradesh. Vivek spent 4 years with the Tata Group as part of the Tata Administrative Services (TAS) in Africa, Israel and India. At TAS, he helped the Group set up multiple businesses including India’s first private sector military aerospace unit and micro-finance fund in South Africa.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"akanksha\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">AKANKSHA MITTAL</h2>\n<h3 class=\"pteam-member-position\">OPERATIONS ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"akanksha\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nAkanksha has worked with Accenture Strategy as a Business Consultant for close to years, in large scale implementation and strategy projects in areas of process efficiency and process integration with technological systems.\n\nShe completed her MBA from Indian Institute of Management, Bangalore and BSc (H) Mathematics from Lady Shri Ram College. She is passionate about the causes of Financial Inclusion, education for the blind and economic development and has contributed to these areas in her own small yet significant ways.\n\nShe likes watching plays more than movies and philosophy more than romance. Her height doesn’t justify her love and skill at basketball and she takes the job of restaurant critiquing quite seriously! Her bucket list includes travelling solo to Latin America and teaching kids there.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"ryan\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">RYAN TERRIBILINI</h2>\n<h3 class=\"pteam-member-position\">FELLOW</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"ryan\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nRyan has worked on numerous projects at the intersection of technology, policy, and operations. He spent four years at Google developing the Android hardware and software ecosystems by managing direct-to-consumer device support operations and creating policies for the world\'s biggest mobile app marketplace. At Ripple, Ryan served as Head of Developer Relations and Platform Partnerships. Through this role he engaged with numerous financial institutions and FinTech entrepreneurs building the payment systems of the future.\n\nRyan is a magna cum laude graduate of the University of California, Berkeley with a degree in Classical Civilizations. He is expected to graduate from the University of Oxford\'s Master of Public Policy program in Fall 2017. When he\'s not studying or playing with tech, you can find Ryan relaxing by watching and playing baseball.\n\n</div>\n</div>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row equal_height=\"yes\" type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner equal_height=\"yes\" el_class=\"pmember-container\"][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1488521635859{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"sowmya\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Sowmya-Nanjudaiah.png\" alt=\"sowmya\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"sowmya\">SOWMYA NANJUNDAIAH</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"MARKETING, INCITE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486129377285{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Sowmya is CEO of INCITE, where she helps companies reimagine how they interact with their customers and manage their businesses in the digital economy.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/sowmya-nanjundaiah-4695b43\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1488520739624{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"pratap\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Pratap.png\" alt=\"pratap\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"pratap\">PRATAP THUMBOOCHETTY</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"MARKETING, INCITE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486129360240{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Pratap is Founder and COO of INCITE, where he spearheads the company’s business operations. He is actively involved in defining and shaping the agency’s core disciplines.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://in.linkedin.com/in/pratap-thumboochetty-aa96003\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][/vc_column_inner][vc_column_inner width=\"1/4\" offset=\"vc_hidden-lg vc_hidden-md vc_hidden-sm vc_hidden-xs\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1494240671749{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"priyanka\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/priyanka.png\" alt=\"priyanka\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"priyanka\">PRIYANKA ROYCHOUDHURY</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1494240448187{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Priyanka is currently pursuing MSc Economics from London School of Economics and Political Science. Prior to joining LSE.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/priyanka-roychoudhury-15aa843b/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\n<div id=\"gaurav\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">GAURAV SINGHAL</h2>\n<h3 class=\"pteam-member-position\">BUSINESS ANALYST</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"gaurav\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nGaurav has been an active participant in startup ecosphere. He has worked with CIIE, IIM A where he worked on the bi-yearly Blpan competition Power of Ideas; as an intern at Dexter capital – a startup debt advisory and angel fund where he assisted in early due diligence and outreach; and as a Business development associate at CultureAlley, creator of HelloEnglish App where he worked on monetizing the app through multiple channels and upselling. In his free time, he loves to write short stories, follow cricket and prepare for marathon cycling.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"pratap\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">PRATAP THUMBOOCHETTY</h2>\n<h3 class=\"pteam-member-position\">MARKETING, INCITE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"pratap\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nPratap began his career as a research scientist at the Indian Institute of Science, Bengaluru. During his MBA program in the U.S., Pratap interned with the Federal Communications Commission, helping draft policy and legislation for the Satellite Communications division. Then, as a part of Capital One’s Small Business division, Pratap was instrumental in developing new products and creating and growing the Loyalty Program. He later led Capital One’s foray into the Indian consumer lending market. During this time, he was also invited to write an advisory paper to the Ministry of Finance, Government of India, on leveraging data analytics within the Income Tax department. As an independent consultant, Pratap mentored large corporations by offering strategic advice related to India entry.\n\nPratap has a degree in electrical engineering and an MBA from the Yale School of Management with a dual concentration in strategy and international finance.\n\n</div>\n</div>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" bg_image=\"7841\"][vc_column][vc_row_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][vc_column_inner width=\"5/6\"][vc_custom_heading text=\"SUMMER PROGRAM (BATCH OF 2017)\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\"]\n<p style=\"text-align: center;\">Every year, we select a few passionately driven individuals with unique skills and interests that complement our current priorities.</p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row equal_height=\"yes\" type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner equal_height=\"yes\" el_class=\"pmember-container\"][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1494410553853{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"ryan\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Ryan-terribilini.png\" alt=\"ryan\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"ryan\">RYAN TERRIBILINI</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"FELLOW\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1494240914237{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Being born and raised right next to Silicon Valley, Ryan has always been inspired by the history of technology and its potential for the future.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/ryanterribilini/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1494241018144{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"maya\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Maya-Durvasula.png\" alt=\"maya\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"maya\">MAYA DURVASULA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1494239528364{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Research and service in a diverse array of settings have augmented Maya’s commitment to poverty alleviation and economic development.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/maya-durvasula-7aaa9179/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1494240671749{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"priyanka\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/priyanka.png\" alt=\"priyanka\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"priyanka\">PRIYANKA ROYCHOUDHURY</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1494240448187{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Priyanka is currently pursuing MSc Economics from London School of Economics and Political Science. Prior to joining LSE.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/priyanka-roychoudhury-15aa843b/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_column_text letter_spacing=\"\" css=\".vc_custom_1494334037374{margin-bottom: 0px !important;}\"]\n<div class=\"team-member-container\">\n<div class=\"team-member\">\n\n<a class=\"toggle\" data-target=\"abhinav\"><img src=\"http://cashlesscatalyst.org/wp-content/uploads/2016/12/Abhinav-Verma.png\" alt=\"abhinav\" /></a>\n\n</div>\n<div>\n<h2 class=\"pmember-title\"><a class=\"toggle\" data-target=\"abhinav\">ABHINAV VERMA</a></h2>\n</div>\n</div>\n[/vc_column_text][vc_custom_heading text=\"ASSOCIATE\" font_container=\"tag:h2|font_size:17px|text_align:center|color:%23383b3b|line_height:24px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1494334178467{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;}\" el_class=\"pmember-position\"][vc_column_text text_color=\"#383b3b\" letter_spacing=\"\" el_class=\"lh24 pteam-content-container\"]\n<p style=\"text-align: justify;\">Abhinav is interested in social entrepreneurship and the potential of markets to promote economic development. He is a second-year undergrad studying Economics and Finance at Ashoka University.</p>\n[/vc_column_text][vc_column_text text_color=\"#0353d8\" letter_spacing=\"\" el_class=\"lh24 pteam-social-link-container\"]\n<p class=\"pteam-social-link\" style=\"text-align: center;\"><a href=\"https://www.linkedin.com/in/abhinav-verma-b2b74a10b/\" target=\"_blank\" rel=\"noopener noreferrer\">Linkedin</a></p>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\n<div id=\"siddharth\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">SIDDHARTH DHANKHAR</h2>\n<h3 class=\"pteam-member-position\">OPERATIONS ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"siddharth\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nSiddharth has a dual degree from BITS Pilani with bachelor\'s degree in electronics engineering and a master\'s degree in economics. He\'s previously interned at Morgan Stanley, KPMG, among other companies.\n\nPrior to joining Catalyst, he spent about two years at Snapdeal working on partnerships &amp; strategic initiative projects.\n\nIn his spare time, he can be found debating, planning detailed vacation itineraries and outdoors. He has spent a summer working in financial crime investigation with Gurgaon Police.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"anand\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">ANAND RAMAN</h2>\n<h3 class=\"pteam-member-position\">TECHNICAL ADVISOR</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"anand\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nAnand enjoys learning and has moved between sectors and domain in his professional life -- from IT to telecom to television and lastly financial services. He has written code, managed projects, delivered products, sold and marketed them with stints at companies including Tech Mahindra, Idea Cellular, Star TV, Eko and IDmission Solutions. He wants to remain curious and in hopefully bring some change. He has interests in diverse and often utterly unrelated subjects.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"sowmya\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">SOWMYA NANJUNDAIAH</h2>\n<h3 class=\"pteam-member-position\">MARKETING, INCITE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sowmya\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nSince 2010, Sowmya has driven INCITE’s growth from a small startup into a full-service interactive agency operating out of the U.S., Europe and India. Earlier, she was responsible for corporate fund raising for the United Way in Massachusetts, helping America’s largest non-profit organization raise funds for outreach programs. On her return to India, Sowmya was part of the founding team of Nirvana, a Bengaluru-based BPO that services global clients. Here she defined the strategic vision and built key parts of the organization including product development and sales. As Head of the New York office, she was responsible for Nirvana’s expansion into the North American market. Sowmya then returned to India to co-found a successful wine company, Naka Wines. As CEO of Naka Wines, she was responsible for launching the brand across Karnataka and the USA.\n\nSowmya has an MBA from the prestigious University of Massachusetts.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"abhinav\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">ABHINAV VERMA</h2>\n<h3 class=\"pteam-member-position\">ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"abhinav\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nAbhinav is a second-year undergrad pursuing a B.Sc. (Hons.) in Economics and Finance from Ashoka University. He is interested in social entrepreneurship and the potential of markets to promote economic development. His academic interests lie in financial inclusion and impact investing. Last winter, he organised a panel discussion at the Harvard-US India Conference to discuss the role of financial inclusion in Indian rural development.\n\nAbhinav is a budding entrepreneur. He started a e-commerce company to represent local manufacturers on e-commerce portals. On campus, he also started a food-delivery business. To relax, he enjoys swimming, photography, writing for his university’s newspaper, and trying new kinds of cuisine.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"priyanka\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">PRIYANKA ROYCHOUDHURY</h2>\n<h3 class=\"pteam-member-position\">ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"priyanka\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nPriyanka worked with Centre for Policy Research in New Delhi in their project –Accountability Initiative- where she worked in the areas of public finance and public administration. As a Research Associate, she handled both quantitative and qualitative analytical work as well as worked on ground to implement PETS for the project.\n\nPriyanka holds a B.A. (Hons) Economics degree from Lady Shri Ram college for women and a PGD in Liberal Arts from Ashoka University. Apart from nurturing a career goal to step into policy work using her academic qualifications professionally, she continues to juggle her passion for community work through her community initiative- The WordsWorth Project- which engages youth volunteers to assist underprivileged kids with their English language development. She often uses the rest of her time to give life to her thoughts through blogging and doodling.\n\n</div>\n</div>\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\n<div id=\"maya\" class=\"team-profile-container\">\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\n<h2 class=\"pteam-member-name\">MAYA DURVASULA</h2>\n<h3 class=\"pteam-member-position\">ASSOCIATE</h3>\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"maya\">X</a></div>\n</div>\n<div class=\"pteam-member-details\">\n\nMaya combines academic interests in economic development and poverty alleviation with a wide array of experiences in research and multi-sectoral policy development &amp; implementation. Most recently, she co-led two nationwide behavioral economics experiments on HIV test uptake with a public health and social entrepreneurship laboratory in Guangzhou, China. She is interested in the ways in which microeconomic theory and behavioral insights can be used to design informal and formal social programs and institutions.\n\nMaya studies economics and mathematics as a Robertson Scholar at Duke University and will graduate in May 2018. She was named a 2017 United States Truman Scholar. In her free time, she can usually be found wandering through mountains and canyons in the American Southwest.\n\n</div>\n</div>\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner css=\".vc_custom_1483453346740{margin-bottom: 30px !important;}\"][vc_column_inner][vc_custom_heading text=\"ADVISORS\" font_container=\"tag:h2|font_size:26px|text_align:left|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24 ptitle-border-red\"]Catalyst\'s advisors being deep sector expertise and thought leadership to guide our strategy and implementation.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1483514478888{margin-bottom: 30px !important;}\"][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"ALLEN WEINBERG\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486445347167{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fallen-weinberg-0155%3Ftrk%3Dprof-samename-name||target:%20_blank|\"][vc_custom_heading text=\"Partner/Co-Founder\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851713182{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"Glenbrook Partners\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486444189952{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"LEORA KLAPPER\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1498630768489{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fleora-klapper-24105478||target:%20_blank|\"][vc_custom_heading text=\"Lead Economist\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1498630865051{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"World Bank\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1498630903695{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"NITIN MANTRI\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488797685329{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fmessaging%2Fthread%2F6242557045191606272%2F||target:%20_blank|\"][vc_custom_heading text=\"CEO\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488797709804{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"Avian Media\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488797719470{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"PAWAN BAKHSHI\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1498735370480{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fpawan-bakhshi-ph-d-7461411%2F||target:%20_blank|\"][vc_custom_heading text=\"India Lead - Financial Services for the Poor\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488797833022{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"Bill &amp; Melinda Gates Foundation\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488797847586{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1486444525955{margin-bottom: 30px !important;}\"][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"PRAVEEN KHANDELWAL\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486445418505{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fin.linkedin.com%2Fin%2Fpraveen-khandelwal-95b68614||target:%20_blank|\"][vc_custom_heading text=\"Secretary-General\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851739567{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"Confederation of All India Traders\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486444491047{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"RAJESH BANSAL\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486445506996{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Frajesh-bansal-b81b8655||target:%20_blank|\"][vc_custom_heading text=\"Senior Partner\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851763311{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\" Bankable Frontier Associates\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487852170655{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"RENANA JHABVALA\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851646864{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"National Coordinator\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" 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google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488805290165{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1486444525955{margin-bottom: 30px !important;}\"][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"VARAD PANDE\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524261697{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fin.linkedin.com%2Fin%2Fvarad-pande||target:%20_blank|\"][vc_custom_heading text=\"Financial Inclusion Partner\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851790538{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"Dalberg Social Advisors\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:26px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486448801652{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"VIVEK WADHWA\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1497429263011{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fvwadhwa%2F||target:%20_blank|\"][vc_custom_heading text=\"Distinguished Fellow\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1497432554753{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"Carnegie Mellon University\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:26px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1497432533660{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][/vc_column_inner][vc_column_inner width=\"1/4\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" bg_image=\"7841\"][vc_column][vc_row_inner css=\".vc_custom_1483453346740{margin-bottom: 30px !important;}\"][vc_column_inner][vc_custom_heading text=\"STEERING COMMITTEE\" font_container=\"tag:h2|font_size:26px|text_align:left|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488897245055{margin-bottom: 0px !important;}\"][vc_column_text text_color=\"#383b3b\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24 ptitle-border-red\"]Catalyst\'s Steering Committee represents current donors and IFMR to provide governance and oversight.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1483514492122{margin-bottom: 30px !important;}\"][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"CATHERINE HIGHET\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524574339{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fcatherine-highet-a924094||target:%20_blank|\"][vc_custom_heading text=\"Technical Advisor\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524589333{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"mSTAR at FHI 360\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851957847{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"MATTHEW HOMER\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524352186{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fmatthomer||target:%20_blank|\"][vc_custom_heading text=\"Senior Policy Advisor, Digital Finance\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524369704{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"USAID (Washington, D.C.)\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851977845{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"MUKESH SADANA\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486124189989{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fin.linkedin.com%2Fin%2Fmukeshsadana||target:%20_blank|\"][vc_custom_heading text=\"Project Management Specialist\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524452125{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"USAID (New Delhi)\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851994689{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"SHARON BUTEAU\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524505107{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fin.linkedin.com%2Fin%2Fsharon-buteau-25b0452||target:%20_blank|\"][vc_custom_heading text=\"Executive Director\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524522184{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"IFMR Lead\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487852009309{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1483514492122{margin-bottom: 30px !important;}\"][vc_column_inner width=\"1/4\"][vc_custom_heading text=\"BADAL MALICK\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1488897412786{margin-bottom: 0px !important;padding-bottom: 0px 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!important;}\"][/vc_column_inner][vc_column_inner el_class=\"phide\" width=\"1/4\"][vc_custom_heading text=\"MATTHEW HOMER\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524352186{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fwww.linkedin.com%2Fin%2Fmatthomer||target:%20_blank|\"][vc_custom_heading text=\"Senior Policy Advisor, Digital Finance\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524369704{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"USAID (Washington, D.C.)\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851977845{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner el_class=\"phide\" width=\"1/4\"][vc_custom_heading text=\"MUKESH SADANA\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1486124189989{margin-bottom: 0px !important;padding-bottom: 0px !important;}\" link=\"url:https%3A%2F%2Fin.linkedin.com%2Fin%2Fmukeshsadana||target:%20_blank|\"][vc_custom_heading text=\"Project Management Specialist\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1485524452125{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][vc_custom_heading text=\"USAID (New Delhi)\" font_container=\"tag:h2|font_size:22px|text_align:left|color:%23383b3b|line_height:28px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:300%20light%20regular%3A300%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1487851994689{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/4\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"9937\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1484826151396{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\n<p style=\"text-align: center;\">CATALYST is an initiative seeded by an alliance between the Government of India &amp; USAID, to expand digital payments and financial inclusion in India, especially for small merchants and low-income consumers.</p>\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', '', '', 'draft', 'closed', 'closed', '', '', '', '', '2017-08-14 06:31:31', '2017-08-14 06:31:31', '', 0, 'http://cashlesscatalyst.org/?page_id=11030', 0, 'page', '', 0);
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(11056, 1, '2017-08-21 10:35:50', '0000-00-00 00:00:00', '[vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"110\" padding_bottom=\"0\" bg_image=\"9866\"][vc_column][kleo_gap size=\"200px\"][vc_row_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][vc_column_inner width=\"5/6\"][vc_custom_heading text=\"MAKING CASHLESS PAYMENTS A REALITY. 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alignment=\"center\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1487687572506{background-color: #f5f5f5 !important;}\"][vc_column_inner][vc_custom_heading text=\"STRATEGIC PARTNERS\" font_container=\"tag:h2|font_size:20px|text_align:left|color:%23383b3b|line_height:26px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=\"yes\" css=\".vc_custom_1502715874752{padding-top: 1% !important;padding-bottom: 2% !important;background-color: #f5f5f5 !important;}\" el_class=\"panchor-partners\"][vc_column_inner width=\"1/6\"][vc_single_image image=\"10674\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10031\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10657\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9177\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10667\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9179\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=\"yes\" css=\".vc_custom_1502715786579{margin-bottom: 2% !important;padding-top: 2% !important;padding-bottom: 2% !important;background-color: #f5f5f5 !important;}\" el_class=\"panchor-partners\"][vc_column_inner width=\"1/6\"][vc_single_image image=\"9181\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9182\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner 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(11826, 1, '2017-11-13 08:00:08', '2017-11-13 08:00:08', '[vc_row equal_height=\"yes\" el_id=\"first-section\" inner_container=\"no\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" padding_bottom=\"0\" fixed_height=\"899px\" bg_image=\"10072\"][vc_column][vc_row_inner inner_container=\"yes\" min_height=\"899px\" bg_pos_h=\"center\" bg_pos_v=\"top\" css=\".vc_custom_1488466522945{background-position: 0 0 !important;background-repeat: no-repeat !important;}\" el_id=\"white-triangle1\"][vc_column_inner offset=\"vc_col-lg-4 vc_col-md-8 vc_col-xs-12\"][kleo_gap size=\"120px\" visibility=\"visible-xs\"][kleo_gap size=\"160px\" visibility=\"visible-sm\"][kleo_gap size=\"200px\" visibility=\"visible-md,visible-lg\"][vc_custom_heading text=\"MHARO DIGI JAIPUR\" font_container=\"tag:h1|font_size:36px|text_align:left|color:%23ffffff|line_height:42px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" letter-spacing=\"75\"]With a formal agreement with the Government of Rajasthan in place, Catalyst is set to operationalize its very first digital payments lab in Jaipur, a tier 2 city with a 3 million plus population, over 65,000 registered small merchants, and a likely equal number of informal ones. 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(11118, 9, '2017-08-29 06:06:03', '2017-08-29 06:06:03', '[vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"image\" bg_position_horizontal=\"center\" padding_top=\"85\" padding_bottom=\"30\" bg_image=\"11125\"][vc_column][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner width=\"2/3\"][vc_custom_heading text=\"FREQUENTLY ASKED QUESTIONS\" font_container=\"tag:h2|font_size:33px|text_align:center|color:%23ffffff|line_height:39px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"50px\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ebebeb\"][vc_column][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner el_class=\"faqContainer\" width=\"2/3\" css=\".vc_custom_1503989143291{padding-right: 5% !important;padding-left: 5% !important;}\"][vc_custom_heading text=\"PROPOSAL APPLICATION TEMPLATE\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">Through the proposal application template we would like to understand your business in more depth than what was covered in the preliminary pitch deck.</p>\r\n[/vc_column_text][vc_custom_heading text=\"RELATED FAQS\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>What would be the “Project Duration” ?</strong>\r\n<p class=\"faqAnswer\">Project duration will be 6 months i.e. the duration of incubation at Catalyst Incubator. A good strategy would be to clearly identify how you would like to leverage Catalyst resources in this period. All budgets, work plans and projects identified pertain to these 6 months (starting late November/early December).</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What\'s is DUNS? If we are an India registered company, do we need it? Does it cost to get a DUNS number?</strong>\r\n<p class=\"faqAnswer\">D-U-N-S (Data Universal Numbering System) Number is a unique nine digit identification number, for your business. D-U-N-S offers the advantage of supplier and partner discovery by provision of your company data to the host of companies on the platform. Catalyst is a USAID funded entity. USAID is the source for the incubation funds. As a donor, they need it to establish the trace ability of the organization they fund, hence startups should apply for DUNS. The application process is simple and completely online. D-U-N-S number assignment is free for all businesses required to register with the US Federal government for contracts or grants. If you don’t have a D-U-N-S number but have applied for the same, please share the proof of application along with the Phase 2 documentation. We will share a detailed D-U-N-S process FAQ separately via email.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What would be the location of the project?</strong>\r\n<p class=\"faqAnswer\">The current location of your business and Jaipur would be the project location for the incubation period.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What should we cover in the project summary?</strong>\r\n<p class=\"faqAnswer\">Project summary should be a 300 word overview of your organization i.e. the need served, approach to solve the problem, impact created etc. Please feel free to add more than what the pitch deck covered to give us a holistic sense of your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What is expected to be submitted as the “Cost share” to the project?</strong>\r\n<p class=\"faqAnswer\">Any capital invested in the venture, past expenses on tech and analytics development, financial and non-financial contributions of the founder, office space and supplies account for cost share. We would also like to understand what additional cost share the team plans to bring in the 6 months of the incubation program.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are the requirements for traveling to Jaipur? Which team members are required to be present for Jaipur pilots? </strong>\r\n<p class=\"faqAnswer\">Organizations are required to spend at least 8 weeks in Jaipur. You can spend more time at Jaipur to leverage Catalyst resources and test your product. We offer the flexibility to decide how you wish to spend these weeks i.e. do 8 weeks at a stretch, break it down into four 2 week blocks etc. During the course of these 8 weeks, we would like the founding team to be present. If that is not possible at least one founder has to participate.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Does the project need to be executed in Jaipur or our current operational area?</strong>\r\n<p class=\"faqAnswer\">We encourage and expect startups to run product pilots in Jaipur in addition to running in their current operational area. Catalyst will provide resources (Fleet on Street, Research Lab etc.) to aid such pilots.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>How do we deal with fields that are not applicable to our business for e.g. Enabling merchants and digitalizing supply chains?</strong>\r\n<p class=\"faqAnswer\">Please give a summary of your business/project highlighting the impact you are creating for the bottom 80%. Ignore fields that are not relevant to your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Why are we seeking supplier or client references? For early stage ventures with no suppliers and customers who could be shared as a reference?</strong>\r\n<p class=\"faqAnswer\">Catalyst will not take board seat or equity in lieu of our investment hence we need to check the credibility of startups we fund. We are seeking to reach out to references who have known you in professional capacity and can vouch for your past experience. You could share references of suppliers, clients, investors, ex employers or professors as fit for your organization and personal experience. You can also refer clients you are in advanced discussion with. Also please indicate in the proposal how your past experience helps you in your current venture.</p>\r\n<p class=\"faqAnswer\">Please suggest your references keeping the above in mind. We will reach out to your references via call/email.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"BUDGET TEMPLATE\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>What is the duration of the budget period?</strong>\r\n<p class=\"faqAnswer\">We require a 6 month budget. We are interested in a budget plan showcasing the utilisation of the grant (INR 33 lacs) over the incubation period.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What is the proposed payment structure for the grant funding?</strong>\r\n<p class=\"faqAnswer\">Startups have to define milestones and how much money is needed to reach the milestones. Post mutual discussion funding will be released on achievement of each milestone. We would request you to rationalize the number of milestones to ensure smooth procurement of funds i.e. 2-3 clear measurable milestones over a 6 month period linked to grant disbursal.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Would an app build for our platform be considered a milestone?</strong>\r\n<p class=\"faqAnswer\">Yes, if it\'s relevant for the platform success it will be considered a milestone.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are the preferable uses for the grant?</strong>\r\n<p class=\"faqAnswer\">While the use of grant may vary for different organizations, we would like to the grant to be utilized for technology and analytics development, testing products and incentive models etc. as relevant to your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are these expenses restricted only to Jaipur project or could be used for project in other locations?</strong>\r\n<p class=\"faqAnswer\">While we expect organizations to run pilots in Jaipur, expenses in other business/base location will also be considered under the incubation process.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are fringe benefits?</strong>\r\n<p class=\"faqAnswer\">Fringe benefits are benefits that supplement employee salary e.g. medical insurance, fuel reimbursement, company housing etc. As an organization you are expected to define your own fringe benefits.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are PAN/ TAN alternatives to VAT/ Tax Registration No.? Is GST mandatory?</strong>\r\n<p class=\"faqAnswer\">No. You are expected to register for GST and share your GSTIN or evidence of application by 10th of October. We can only disburse grant funds to organizations once the GSTIN is in place.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Can past technology development expenses be accounted as cost share?</strong>\r\n<p class=\"faqAnswer\">Yes</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What is the expected total budget value?</strong>\r\n<p class=\"faqAnswer\">The total budget has to add up to the grant (INR 33 lacs) plus cost share by your organization over the 6 month period.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>If we don’t have a sub awardee, does Budget Template apply to us?</strong>\r\n<p class=\"faqAnswer\">Sub awardee refers to the organization being funded i.e. your organization. All applicants have to fill up and submit the budget template.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are owners eligible to draw salary?</strong>\r\n<p class=\"faqAnswer\">We expect the founders to continue displaying skin in the game. We would advise judicious use of the funding provided. Hence the grant budget should not be heavily biased towards founder or team salaries.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>How will deviations from budget be handled?</strong>\r\n<p class=\"faqAnswer\">We will mutually understand reasons for deviation and make necessary changes and adjustments in the tranche flows as necessary.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>We have already made significant investment in our startup so far. Do we need to put in additional capital in co-share?</strong>\r\n<p class=\"faqAnswer\">We will consider past investment as a part of the cost share.</p>\r\n<p class=\"faqAnswer\">Please add any additional financial/non-financial investment you bring to the table in the course of the incubation process.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Can the cost share plan be updated or does it have to match exactly with the phase 1 submission?</strong>\r\n<p class=\"faqAnswer\">This is an opportunity to deep dive into cost sharing plan already submitted. Cost sharing plan should mostly be in line with what was previously shared. If post the webinar, you wish to add more details to the same, please feel free to modify accordingly.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"APPLICANT SELF-ASSESSMENT FORM\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>Are audited financials mandatory? What about very young organizations that don’t have them?</strong>\r\n<p class=\"faqAnswer\">Audited Financials are not necessary for very young startups. You can share relevant business related bank statements. Should that be a concern, please write to us at <a href=\"mailto:incubator@cashlesscatalyst.org\" target=\"_blank\" rel=\"noopener noreferrer\">incubator@cashlesscatalyst.org</a> and we will share potential substitutes for this verification.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>We haven\'t done our audit for the last 2 years. Please advice</strong>\r\n<p class=\"faqAnswer\">If your company has been in existence for a 2 year or longer, we would need audited statements.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Why do you want bank statements from companies who are not in the cohort yet? </strong>\r\n<p class=\"faqAnswer\">We require the bank statements to understand the current financial state of the organization. This also acts as an evidence of founder financial contributions / external investment till date. You could also submit audited financials, cash flow statements etc. as mentioned in the document.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Will an online system-generated bank statement suffice?</strong>\r\n<p class=\"faqAnswer\">We prefer bank stamped statements to ensure authenticity of the document.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Do we need HR / Procurement / and other organizational policies in Phase 2. What if certain policies are not applicable to us?</strong>\r\n<p class=\"faqAnswer\">Policies are measures of governance. We want to ensure there are rules around expenditure and operations. Currently specified policies are standard company policies which will be applicable to all organizations. Policy documents need to come with phase 2 documents. Please feel free to leverage relevant existing industry policies and modifying them as per your organization’s requirements.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"M&amp;E\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">The M&amp;E workbook is our way of giving you an opportunity to tell us parameters on which we shall evaluate you on. There has to be a balanced focus on commercials of the business and the impact it creates.</p>\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>What if the project sector isn’t relevant to us?</strong>\r\n<p class=\"faqAnswer\">Project sector may not be relevant to all of you, hence ignore.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What if my business model is not available as an option?</strong>\r\n<p class=\"faqAnswer\">If your option is not available, please mention it on the next cell.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is it necessary to have a gender focused business metric?</strong>\r\n<p class=\"faqAnswer\">No. If your business has gender focus and you would like to be evaluated on those grounds, do share relevant details.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are the list of current indicators final and standard for all organizations?</strong>\r\n<p class=\"faqAnswer\">No. Indicators in the sheet are indicative. Please modify it on the basis of what is relevant to your business. We are seeking 8 KPIs per organization - 2 Operations, 2 Financial, 1 Organization and 3 Impact. There are detailed laundry lists of KPIs to choose from the subsequent tabs. Please select the ones most relevant for your business and add monthly targets.</p>\r\n</li>\r\n 	<li><strong>Who is the organization POC?</strong>\r\n<p class=\"faqAnswer\">The Organization POC will be the founder/team member responsible for interacting with the Catalyst team for all M&amp;E related matters.</p>\r\n</li>\r\n 	<li><strong>Do we have to fill in actuals? </strong>\r\n<p class=\"faqAnswer\">Not currently. Except for the Tab “Actuals” the remainder has to be filled up as a part of the Phase 2 material. The actual sheet will be filled while in operation during incubation.</p>\r\n</li>\r\n 	<li><strong>What are the implications if the startup doesn’t meet its targets? </strong>\r\n<p class=\"faqAnswer\">We will discuss the plan and see how to realign the targets. We will work to figure out bottlenecks and aim to resolve issues. If you are completely unable to meet targets we may not disburse the final tranche of investment.</p>\r\n</li>\r\n 	<li><strong>Are metrics like Education, Agriculture etc applicable to all organizations?</strong>\r\n<p class=\"faqAnswer\">Please ignore metrics that are inapplicable to your business.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"WORK PLAN\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">This work plan lays out how you will align tasks to achieve your KPIs and business milestones during the course of incubation with Catalyst while leveraging our digital lab in Jaipur and mentorship program. It’s a week on week Gantt chart for activities that need to be conducted in liaison with Catalyst.</p>\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>How is the work plan different from M&amp;E KPIs? </strong>\r\n<p class=\"faqAnswer\">M&amp;E KPIs are the business goals you wish to achieve in the 6 month period. Gantt chart defines the timelines and task flow to achieve those goals.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Will finalizing the work plan template be a joint, consultative exercise?</strong>\r\n<p class=\"faqAnswer\">We need a broad plan from your organization before we go into consultative mode. Once the startups share their work plan expectations, Catalyst team will collaborate to ensure we touch base and refine this mutually. The idea is to ensure startups can tie in the identified KPIs to clear tasks, utilizing our Jaipur infrastructure and mentor ship effectively.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"JAIPUR\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>Is it necessary to do 8 weeks in Jaipur?</strong>\r\n<p class=\"faqAnswer\">Yes. You are to spend 8 weeks. We would advise you to look at 8 weeks in Jaipur as an opportunity to leverage Catalyst research team, fleet on street to test your product.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is the stay in Jaipur funded over and above the grant?</strong>\r\n<p class=\"faqAnswer\">Stay in Jaipur will be managed out of the allocated grant budget (INR 33 lacs). We have partnership with startup oasis to offer workspace at discounted prices. The catalyst team will also help your organization identify accommodation and other logistics but the expenses are borne out of the grant offered.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What infrastructure will catalyst provide in Jaipur?</strong>\r\n<p class=\"faqAnswer\">Apart from discounted workplace and assistance in logistics, Catalyst will help you with its fleet on the street, research teams and data analytics team. Peripherals like tablets will also be provisioned.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is the Catalyst Fleet on Street actual business development guys? </strong>\r\n<p class=\"faqAnswer\">Blend of both based in Jaipur.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"MORE ABOUT THE CATALYST INCUBATOR\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>Will Catalyst help you partner with Financial Institutions and Government? </strong>\r\n<p class=\"faqAnswer\">Yes. We have Financial Institutions, Government bodies and various other partners in the ecosystem that the selected startups will get access too.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are the dates for the start of the program?</strong>\r\n<p class=\"faqAnswer\">Early December (Tentatively 4th December).</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Where should we reach out for additional queries?</strong>\r\n<p class=\"faqAnswer\">Please send additional queries to <a class=\"pred\" href=\"mailto:incubator@cashlesscatalyst.org\" target=\"_blank\" rel=\"noopener noreferrer\">incubator@cashlesscatalyst.org</a></p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"ADDITIONAL Q&amp;A\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>If we have multiple use-cases, which use-case to focus on for the project? Should we mention more than 1 use-case? </strong>\r\n<p class=\"faqAnswer\">Please mention more than one use case. Use this as an opportunity to showcase more about your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is there any material / presentation to be shared aside from the templates you\'ve shared as \'phase 2 materials\'?</strong>\r\n<p class=\"faqAnswer\">Please don’t share any additional material.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Past performance is past job experience?</strong>\r\n<p class=\"faqAnswer\">For early stage ventures, we will consider past experience of the founders as past performance.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Can you elaborate on the process post-submission of Phase 2 materials?</strong>\r\n<p class=\"faqAnswer\">Post submission, Catalyst team will touch base with the organizations for any queries and clarifications over emails and telecons. Before an organization is selected for the program there will be a site visit to meet the team in person at their operating location.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Do we get time to develop a full-fledged product during incubation?</strong>\r\n<p class=\"faqAnswer\">All selected organizations have MVPs in place. You are encouraged to use grant funding to further develop and improve the platform.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"PARTING WORDS\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">The more relevant information you share, the easier will be our analysis to select the finalists. All of these details are evaluative not eliminative.</p>\r\n<p class=\"faqAnswer\">The final phase 2 material has to be sent via email to incubator@cashlesscatalyst.org</p>\r\n<p class=\"faqAnswer\">All the best!</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1503989415741{margin-top: 30px !important;}\"][vc_column_inner][kleo_button title=\"Go Back\" href=\"https://cashlesscatalyst.org/incubator/\" style=\"custom\" border_width=\"1px\" position=\"center\" size=\"sm\" special=\"no\" icon=\"0\" font_size=\"18px\" letter_spacing=\"\" el_class=\"goBackbtn\" custom_background=\"#d11e3c\" custom_bg_hover=\"#ffffff\" custom_text=\"#ffffff\" custom_text_hover=\"#d11e3c\" custom_border=\"#d11e3c\" custom_border_hover=\"#d11e3c\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"7886\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1549450996182{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">[footer_copy]</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\r\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\r\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', 'FAQ', '', 'publish', 'closed', 'closed', '', 'faq', '', '', '2019-02-06 11:03:25', '2019-02-06 11:03:25', '', 0, 'http://cashlesscatalyst.org/?page_id=11118', 0, 'page', '', 0);
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(40444, 23, '2019-02-06 11:03:25', '2019-02-06 11:03:25', '[vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"image\" bg_position_horizontal=\"center\" padding_top=\"85\" padding_bottom=\"30\" bg_image=\"11125\"][vc_column][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner width=\"2/3\"][vc_custom_heading text=\"FREQUENTLY ASKED QUESTIONS\" font_container=\"tag:h2|font_size:33px|text_align:center|color:%23ffffff|line_height:39px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"50px\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ebebeb\"][vc_column][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner el_class=\"faqContainer\" width=\"2/3\" css=\".vc_custom_1503989143291{padding-right: 5% !important;padding-left: 5% !important;}\"][vc_custom_heading text=\"PROPOSAL APPLICATION TEMPLATE\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">Through the proposal application template we would like to understand your business in more depth than what was covered in the preliminary pitch deck.</p>\r\n[/vc_column_text][vc_custom_heading text=\"RELATED FAQS\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>What would be the “Project Duration” ?</strong>\r\n<p class=\"faqAnswer\">Project duration will be 6 months i.e. the duration of incubation at Catalyst Incubator. A good strategy would be to clearly identify how you would like to leverage Catalyst resources in this period. All budgets, work plans and projects identified pertain to these 6 months (starting late November/early December).</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What\'s is DUNS? If we are an India registered company, do we need it? Does it cost to get a DUNS number?</strong>\r\n<p class=\"faqAnswer\">D-U-N-S (Data Universal Numbering System) Number is a unique nine digit identification number, for your business. D-U-N-S offers the advantage of supplier and partner discovery by provision of your company data to the host of companies on the platform. Catalyst is a USAID funded entity. USAID is the source for the incubation funds. As a donor, they need it to establish the trace ability of the organization they fund, hence startups should apply for DUNS. The application process is simple and completely online. D-U-N-S number assignment is free for all businesses required to register with the US Federal government for contracts or grants. If you don’t have a D-U-N-S number but have applied for the same, please share the proof of application along with the Phase 2 documentation. We will share a detailed D-U-N-S process FAQ separately via email.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What would be the location of the project?</strong>\r\n<p class=\"faqAnswer\">The current location of your business and Jaipur would be the project location for the incubation period.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What should we cover in the project summary?</strong>\r\n<p class=\"faqAnswer\">Project summary should be a 300 word overview of your organization i.e. the need served, approach to solve the problem, impact created etc. Please feel free to add more than what the pitch deck covered to give us a holistic sense of your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What is expected to be submitted as the “Cost share” to the project?</strong>\r\n<p class=\"faqAnswer\">Any capital invested in the venture, past expenses on tech and analytics development, financial and non-financial contributions of the founder, office space and supplies account for cost share. We would also like to understand what additional cost share the team plans to bring in the 6 months of the incubation program.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are the requirements for traveling to Jaipur? Which team members are required to be present for Jaipur pilots? </strong>\r\n<p class=\"faqAnswer\">Organizations are required to spend at least 8 weeks in Jaipur. You can spend more time at Jaipur to leverage Catalyst resources and test your product. We offer the flexibility to decide how you wish to spend these weeks i.e. do 8 weeks at a stretch, break it down into four 2 week blocks etc. During the course of these 8 weeks, we would like the founding team to be present. If that is not possible at least one founder has to participate.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Does the project need to be executed in Jaipur or our current operational area?</strong>\r\n<p class=\"faqAnswer\">We encourage and expect startups to run product pilots in Jaipur in addition to running in their current operational area. Catalyst will provide resources (Fleet on Street, Research Lab etc.) to aid such pilots.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>How do we deal with fields that are not applicable to our business for e.g. Enabling merchants and digitalizing supply chains?</strong>\r\n<p class=\"faqAnswer\">Please give a summary of your business/project highlighting the impact you are creating for the bottom 80%. Ignore fields that are not relevant to your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Why are we seeking supplier or client references? For early stage ventures with no suppliers and customers who could be shared as a reference?</strong>\r\n<p class=\"faqAnswer\">Catalyst will not take board seat or equity in lieu of our investment hence we need to check the credibility of startups we fund. We are seeking to reach out to references who have known you in professional capacity and can vouch for your past experience. You could share references of suppliers, clients, investors, ex employers or professors as fit for your organization and personal experience. You can also refer clients you are in advanced discussion with. Also please indicate in the proposal how your past experience helps you in your current venture.</p>\r\n<p class=\"faqAnswer\">Please suggest your references keeping the above in mind. We will reach out to your references via call/email.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"BUDGET TEMPLATE\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>What is the duration of the budget period?</strong>\r\n<p class=\"faqAnswer\">We require a 6 month budget. We are interested in a budget plan showcasing the utilisation of the grant (INR 33 lacs) over the incubation period.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What is the proposed payment structure for the grant funding?</strong>\r\n<p class=\"faqAnswer\">Startups have to define milestones and how much money is needed to reach the milestones. Post mutual discussion funding will be released on achievement of each milestone. We would request you to rationalize the number of milestones to ensure smooth procurement of funds i.e. 2-3 clear measurable milestones over a 6 month period linked to grant disbursal.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Would an app build for our platform be considered a milestone?</strong>\r\n<p class=\"faqAnswer\">Yes, if it\'s relevant for the platform success it will be considered a milestone.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are the preferable uses for the grant?</strong>\r\n<p class=\"faqAnswer\">While the use of grant may vary for different organizations, we would like to the grant to be utilized for technology and analytics development, testing products and incentive models etc. as relevant to your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are these expenses restricted only to Jaipur project or could be used for project in other locations?</strong>\r\n<p class=\"faqAnswer\">While we expect organizations to run pilots in Jaipur, expenses in other business/base location will also be considered under the incubation process.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are fringe benefits?</strong>\r\n<p class=\"faqAnswer\">Fringe benefits are benefits that supplement employee salary e.g. medical insurance, fuel reimbursement, company housing etc. As an organization you are expected to define your own fringe benefits.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are PAN/ TAN alternatives to VAT/ Tax Registration No.? Is GST mandatory?</strong>\r\n<p class=\"faqAnswer\">No. You are expected to register for GST and share your GSTIN or evidence of application by 10th of October. We can only disburse grant funds to organizations once the GSTIN is in place.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Can past technology development expenses be accounted as cost share?</strong>\r\n<p class=\"faqAnswer\">Yes</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What is the expected total budget value?</strong>\r\n<p class=\"faqAnswer\">The total budget has to add up to the grant (INR 33 lacs) plus cost share by your organization over the 6 month period.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>If we don’t have a sub awardee, does Budget Template apply to us?</strong>\r\n<p class=\"faqAnswer\">Sub awardee refers to the organization being funded i.e. your organization. All applicants have to fill up and submit the budget template.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are owners eligible to draw salary?</strong>\r\n<p class=\"faqAnswer\">We expect the founders to continue displaying skin in the game. We would advise judicious use of the funding provided. Hence the grant budget should not be heavily biased towards founder or team salaries.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>How will deviations from budget be handled?</strong>\r\n<p class=\"faqAnswer\">We will mutually understand reasons for deviation and make necessary changes and adjustments in the tranche flows as necessary.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>We have already made significant investment in our startup so far. Do we need to put in additional capital in co-share?</strong>\r\n<p class=\"faqAnswer\">We will consider past investment as a part of the cost share.</p>\r\n<p class=\"faqAnswer\">Please add any additional financial/non-financial investment you bring to the table in the course of the incubation process.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Can the cost share plan be updated or does it have to match exactly with the phase 1 submission?</strong>\r\n<p class=\"faqAnswer\">This is an opportunity to deep dive into cost sharing plan already submitted. Cost sharing plan should mostly be in line with what was previously shared. If post the webinar, you wish to add more details to the same, please feel free to modify accordingly.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"APPLICANT SELF-ASSESSMENT FORM\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>Are audited financials mandatory? What about very young organizations that don’t have them?</strong>\r\n<p class=\"faqAnswer\">Audited Financials are not necessary for very young startups. You can share relevant business related bank statements. Should that be a concern, please write to us at <a href=\"mailto:incubator@cashlesscatalyst.org\" target=\"_blank\" rel=\"noopener noreferrer\">incubator@cashlesscatalyst.org</a> and we will share potential substitutes for this verification.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>We haven\'t done our audit for the last 2 years. Please advice</strong>\r\n<p class=\"faqAnswer\">If your company has been in existence for a 2 year or longer, we would need audited statements.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Why do you want bank statements from companies who are not in the cohort yet? </strong>\r\n<p class=\"faqAnswer\">We require the bank statements to understand the current financial state of the organization. This also acts as an evidence of founder financial contributions / external investment till date. You could also submit audited financials, cash flow statements etc. as mentioned in the document.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Will an online system-generated bank statement suffice?</strong>\r\n<p class=\"faqAnswer\">We prefer bank stamped statements to ensure authenticity of the document.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Do we need HR / Procurement / and other organizational policies in Phase 2. What if certain policies are not applicable to us?</strong>\r\n<p class=\"faqAnswer\">Policies are measures of governance. We want to ensure there are rules around expenditure and operations. Currently specified policies are standard company policies which will be applicable to all organizations. Policy documents need to come with phase 2 documents. Please feel free to leverage relevant existing industry policies and modifying them as per your organization’s requirements.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"M&amp;E\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">The M&amp;E workbook is our way of giving you an opportunity to tell us parameters on which we shall evaluate you on. There has to be a balanced focus on commercials of the business and the impact it creates.</p>\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>What if the project sector isn’t relevant to us?</strong>\r\n<p class=\"faqAnswer\">Project sector may not be relevant to all of you, hence ignore.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What if my business model is not available as an option?</strong>\r\n<p class=\"faqAnswer\">If your option is not available, please mention it on the next cell.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is it necessary to have a gender focused business metric?</strong>\r\n<p class=\"faqAnswer\">No. If your business has gender focus and you would like to be evaluated on those grounds, do share relevant details.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Are the list of current indicators final and standard for all organizations?</strong>\r\n<p class=\"faqAnswer\">No. Indicators in the sheet are indicative. Please modify it on the basis of what is relevant to your business. We are seeking 8 KPIs per organization - 2 Operations, 2 Financial, 1 Organization and 3 Impact. There are detailed laundry lists of KPIs to choose from the subsequent tabs. Please select the ones most relevant for your business and add monthly targets.</p>\r\n</li>\r\n 	<li><strong>Who is the organization POC?</strong>\r\n<p class=\"faqAnswer\">The Organization POC will be the founder/team member responsible for interacting with the Catalyst team for all M&amp;E related matters.</p>\r\n</li>\r\n 	<li><strong>Do we have to fill in actuals? </strong>\r\n<p class=\"faqAnswer\">Not currently. Except for the Tab “Actuals” the remainder has to be filled up as a part of the Phase 2 material. The actual sheet will be filled while in operation during incubation.</p>\r\n</li>\r\n 	<li><strong>What are the implications if the startup doesn’t meet its targets? </strong>\r\n<p class=\"faqAnswer\">We will discuss the plan and see how to realign the targets. We will work to figure out bottlenecks and aim to resolve issues. If you are completely unable to meet targets we may not disburse the final tranche of investment.</p>\r\n</li>\r\n 	<li><strong>Are metrics like Education, Agriculture etc applicable to all organizations?</strong>\r\n<p class=\"faqAnswer\">Please ignore metrics that are inapplicable to your business.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"WORK PLAN\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">This work plan lays out how you will align tasks to achieve your KPIs and business milestones during the course of incubation with Catalyst while leveraging our digital lab in Jaipur and mentorship program. It’s a week on week Gantt chart for activities that need to be conducted in liaison with Catalyst.</p>\r\n[/vc_column_text][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>How is the work plan different from M&amp;E KPIs? </strong>\r\n<p class=\"faqAnswer\">M&amp;E KPIs are the business goals you wish to achieve in the 6 month period. Gantt chart defines the timelines and task flow to achieve those goals.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Will finalizing the work plan template be a joint, consultative exercise?</strong>\r\n<p class=\"faqAnswer\">We need a broad plan from your organization before we go into consultative mode. Once the startups share their work plan expectations, Catalyst team will collaborate to ensure we touch base and refine this mutually. The idea is to ensure startups can tie in the identified KPIs to clear tasks, utilizing our Jaipur infrastructure and mentor ship effectively.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"JAIPUR\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>Is it necessary to do 8 weeks in Jaipur?</strong>\r\n<p class=\"faqAnswer\">Yes. You are to spend 8 weeks. We would advise you to look at 8 weeks in Jaipur as an opportunity to leverage Catalyst research team, fleet on street to test your product.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is the stay in Jaipur funded over and above the grant?</strong>\r\n<p class=\"faqAnswer\">Stay in Jaipur will be managed out of the allocated grant budget (INR 33 lacs). We have partnership with startup oasis to offer workspace at discounted prices. The catalyst team will also help your organization identify accommodation and other logistics but the expenses are borne out of the grant offered.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What infrastructure will catalyst provide in Jaipur?</strong>\r\n<p class=\"faqAnswer\">Apart from discounted workplace and assistance in logistics, Catalyst will help you with its fleet on the street, research teams and data analytics team. Peripherals like tablets will also be provisioned.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is the Catalyst Fleet on Street actual business development guys? </strong>\r\n<p class=\"faqAnswer\">Blend of both based in Jaipur.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"MORE ABOUT THE CATALYST INCUBATOR\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>Will Catalyst help you partner with Financial Institutions and Government? </strong>\r\n<p class=\"faqAnswer\">Yes. We have Financial Institutions, Government bodies and various other partners in the ecosystem that the selected startups will get access too.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>What are the dates for the start of the program?</strong>\r\n<p class=\"faqAnswer\">Early December (Tentatively 4th December).</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Where should we reach out for additional queries?</strong>\r\n<p class=\"faqAnswer\">Please send additional queries to <a class=\"pred\" href=\"mailto:incubator@cashlesscatalyst.org\" target=\"_blank\" rel=\"noopener noreferrer\">incubator@cashlesscatalyst.org</a></p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"ADDITIONAL Q&amp;A\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<ol>\r\n 	<li class=\"faqQuestions\"><strong>If we have multiple use-cases, which use-case to focus on for the project? Should we mention more than 1 use-case? </strong>\r\n<p class=\"faqAnswer\">Please mention more than one use case. Use this as an opportunity to showcase more about your business.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Is there any material / presentation to be shared aside from the templates you\'ve shared as \'phase 2 materials\'?</strong>\r\n<p class=\"faqAnswer\">Please don’t share any additional material.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Past performance is past job experience?</strong>\r\n<p class=\"faqAnswer\">For early stage ventures, we will consider past experience of the founders as past performance.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Can you elaborate on the process post-submission of Phase 2 materials?</strong>\r\n<p class=\"faqAnswer\">Post submission, Catalyst team will touch base with the organizations for any queries and clarifications over emails and telecons. Before an organization is selected for the program there will be a site visit to meet the team in person at their operating location.</p>\r\n</li>\r\n 	<li class=\"faqQuestions\"><strong>Do we get time to develop a full-fledged product during incubation?</strong>\r\n<p class=\"faqAnswer\">All selected organizations have MVPs in place. You are encouraged to use grant funding to further develop and improve the platform.</p>\r\n</li>\r\n</ol>\r\n[/vc_column_text][vc_custom_heading text=\"PARTING WORDS\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23d11e3c|line_height:30px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p class=\"faqAnswer\">The more relevant information you share, the easier will be our analysis to select the finalists. All of these details are evaluative not eliminative.</p>\r\n<p class=\"faqAnswer\">The final phase 2 material has to be sent via email to incubator@cashlesscatalyst.org</p>\r\n<p class=\"faqAnswer\">All the best!</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1503989415741{margin-top: 30px !important;}\"][vc_column_inner][kleo_button title=\"Go Back\" href=\"https://cashlesscatalyst.org/incubator/\" style=\"custom\" border_width=\"1px\" position=\"center\" size=\"sm\" special=\"no\" icon=\"0\" font_size=\"18px\" letter_spacing=\"\" el_class=\"goBackbtn\" custom_background=\"#d11e3c\" custom_bg_hover=\"#ffffff\" custom_text=\"#ffffff\" custom_text_hover=\"#d11e3c\" custom_border=\"#d11e3c\" custom_border_hover=\"#d11e3c\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"7886\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1549450996182{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">[footer_copy]</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\r\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\r\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', 'FAQ', '', 'inherit', 'closed', 'closed', '', '11118-revision-v1', '', '', '2019-02-06 11:03:25', '2019-02-06 11:03:25', '', 11118, 'https://cashlesscatalyst.org/media/11118-revision-v1/', 0, 'revision', '', 0),
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INSERT INTO `in_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES
(13362, 13, '2018-04-10 10:07:32', '2018-04-10 10:07:32', '[vc_row equal_height=\"yes\" content_placement=\"middle\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"110\" padding_bottom=\"0\" bg_image=\"13248\"][vc_column][kleo_gap size=\"300px\"][vc_row_inner][vc_column_inner][/vc_column_inner][/vc_row_inner][kleo_gap size=\"130px\"][/vc_column][/vc_row][vc_row equal_height=\"yes\" content_placement=\"middle\" padding_bottom=\"0\"][vc_column width=\"1/2\"][/vc_column][vc_column width=\"1/2\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"5/12\"][/vc_column_inner][vc_column_inner width=\"1/3\" css=\".vc_custom_1488531456733{padding-right: 0px !important;}\"][vc_column_text letter_spacing=\"\"][addtoany][/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\" css=\".vc_custom_1488531444909{padding-left: 0px !important;}\"][kleo_button title=\"Print this page\" href=\"http://cashlesscatalyst.org/wp-content/uploads/2018/04/Catalyst-Donor-Brochure.pdf\" target=\"_blank\" style=\"custom\" position=\"left\" size=\"lg\" special=\"no\" border=\"no\" icon=\"print\" font_size=\"16px\" letter_spacing=\"\" el_class=\"grey-icon\" custom_text=\"#d11e3c\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\"][vc_column][vc_row_inner equal_height=\"yes\"][vc_column_inner][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"ptext-justify lh22\"]These categories include various solutions that include several unique features tailored to meet the demands of the Indian consumers and the  merchants. Here is a detailed comparison of each cashless payment solution available in India.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row inner_container=\"no\" type=\"color\" bg_color=\"#d1203d\"][vc_column][vc_row_inner inner_container=\"yes\"][vc_column_inner][vc_custom_heading text=\"CASHLESS CATALYST PROMOTES CASHLESS PAYMENTS IN INDIA THAT ARE SUPPORTED BY GOVERNMENT OF INDIA’S DIGITAL INDIA PROGRAM. THESE SOLUTIONS CAN BE BROADLY CLASSIFIED INTO:\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][vc_column_inner width=\"2/12\"][/vc_column_inner][vc_column_inner width=\"2/12\"][vc_single_image image=\"13205\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523009145008{margin-top: 40px !important;margin-bottom: 20px !important;}\"][vc_custom_heading text=\"Mobile-based solutions\" font_container=\"tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" css_animation=\"fadeIn\" letter_spacing=\"\"][/vc_column_inner][vc_column_inner width=\"2/12\"][vc_single_image image=\"13203\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523009344198{margin-top: 40px !important;margin-bottom: 20px !important;}\"][vc_custom_heading text=\"Exclusive card-acceptance solutions\" font_container=\"tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" css_animation=\"fadeIn\" letter_spacing=\"\" css=\".vc_custom_1523009394798{padding-right: 10% !important;padding-left: 10% !important;}\"][/vc_column_inner][vc_column_inner width=\"2/12\"][vc_single_image image=\"13204\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523009180690{margin-top: 40px !important;margin-bottom: 20px !important;}\"][vc_custom_heading text=\"Biometric solutions\" font_container=\"tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" css_animation=\"fadeIn\" letter_spacing=\"\" css=\".vc_custom_1523009415010{padding-right: 11% !important;padding-left: 11% !important;}\"][/vc_column_inner][vc_column_inner width=\"2/12\"][/vc_column_inner][vc_column_inner width=\"1/12\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#e3e2e2\" padding_top=\"70\" padding_bottom=\"70\"][vc_column][vc_row_inner css=\".vc_custom_1523010478885{margin-right: 5px !important;margin-left: 5px !important;padding-bottom: 30px !important;background-color: #ffffff !important;}\" el_id=\"title-block\"][vc_column_inner][vc_single_image image=\"13212\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523010287591{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"MOBILE-BASED SOLUTIONS\" font_container=\"tag:p|font_size:21px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][/vc_column_inner][/vc_row_inner][vc_row_inner gap=\"35\" inner_container=\"yes\"][vc_column_inner width=\"1/2\" css=\".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13223\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523014362081{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"UPI\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"Unified Payments Interface (UPI) is a system developed by the National Payments Corporation of India. Built using the IMPS infrastructure, UPI uses a mobile-based payment interface to facilitate instant transfer of money. It facilitates easy transactions with Virtual Payment Address (VPA/UPI ID) and QR code.\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_tta_accordion style=\"outline\" color=\"white\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523354604483-3dabf32e-2b8f\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Smartphone device</li>\r\n 	<li>Debit card</li>\r\n 	<li>Mobile number linked to Bank account</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> BHIM-UPI, PhonePe[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong> INR 1 Lakh per day[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li>0 for peer-to-peer transactions</li>\r\n 	<li>Capped at 0.3 to 0.8% for merchants depending on\r\nturnover</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13242\" img_size=\"large\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278531962{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Download the app from Google Play Store</li>\r\n 	<li>Select your bank</li>\r\n 	<li>Verify the number linked to your bank account to\r\nregister</li>\r\n 	<li>Create VPA ID and UPI pin</li>\r\n 	<li>Share VPA ID or print QR code to start transacting</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability</strong>\r\nEasy transactions between retailers and distributors, across verticals, due to remote payment support.[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1518690430563{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13245\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523018648246{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"*99#\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"Launched in November, 2012, *99# is an Unstructured Supplementary Service Data (USSD)-based mobile banking service. As access to mobile technology is now a clear reality, the Government of India has created this initiative to make mobile banking services easily available to all Indians.\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_empty_space height=\"15px\"][vc_tta_accordion style=\"outline\" color=\"white\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523360323103-54a3858b-b8bb\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Mobile phone</li>\r\n 	<li>Debit card</li>\r\n 	<li>Mobile number linked to bank account</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> All telecom carriers[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong> INR 5,000 per transaction[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li>INR 0.5 for peer-to-peer transactions</li>\r\n 	<li>Cost of SMS for initiating the transaction</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13246\" img_size=\"large\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278541896{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Dial *99# from your phone</li>\r\n 	<li>Choose your language</li>\r\n 	<li>Select your bank</li>\r\n 	<li>Register your bank account</li>\r\n 	<li>Enter card details to generate UPI pin and VPA ID</li>\r\n 	<li>Share VPA ID to initiate transactions</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability</strong>\r\nRetailer to distributor payments in the FMCG sectors in rural and semi-urban regions[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][/vc_row_inner][vc_row_inner gap=\"35\" inner_container=\"yes\"][vc_column_inner width=\"1/2\" css=\".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13324\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278019041{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"mPOS\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"An mPOS is a smartphone tablet, or a dedicated wireless device that records sales and conducts cashless transactions.\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_empty_space height=\"15px\"][vc_tta_accordion style=\"outline\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523360763909-8f003621-0fc4\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Smartphone device</li>\r\n 	<li> Internet connectivity</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> Epaisa, mSwipe, Ezetap, FTCash, PayBee[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong> At the discretion of the provider[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li> Infrastructure cost of INR 4,000 to INR 8,000</li>\r\n 	<li>Monthly fee of INR 200 to INR 1,000</li>\r\n 	<li>Merchant Discount Rate (MDR) as applicable</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13339\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523280679239{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Device activated upon KYC checks</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability</strong>\r\n<ul>\r\n 	<li>Mid-to-large businesses</li>\r\n</ul>\r\n[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1518690430563{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13325\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278047963{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"Wallets\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"A wallet is a virtual holder for all your cards and bank accounts. This system allows consumers to transact quickly without entering their card/bank account details every time they shop.\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_tta_accordion style=\"outline\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523361224329-327b99b5-bf84\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Smartphone</li>\r\n 	<li>Internet connectivity</li>\r\n 	<li>Activated wallet account linked to credit/debit card</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> PayTM, Mobikwik[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong>\r\n<ul>\r\n 	<li>Less than INR 20,000 per transaction without KYC</li>\r\n 	<li>Up to INR 1,00,000 per transaction with KYC</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li> INR 0 for peer-to-peer transactions</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13341\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523281094382{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Download the wallet app</li>\r\n 	<li>Register on the app with personal credentials</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability</strong>\r\n<ul>\r\n 	<li>Small businesses</li>\r\n 	<li>eCommerce portals</li>\r\n 	<li>Home entrepreneurs</li>\r\n</ul>\r\n[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1523010478885{margin-right: 5px !important;margin-left: 5px !important;padding-bottom: 30px !important;background-color: #ffffff !important;}\"][vc_column_inner][vc_empty_space height=\"40px\"][vc_single_image image=\"13326\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278093969{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"BIOMETRIC SOLUTIONS\" font_container=\"tag:p|font_size:21px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=\"yes\" gap=\"35\" inner_container=\"yes\"][vc_column_inner width=\"1/4\"][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13327\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278125321{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"mPOS\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"An mPOS is a smartphone tablet, or a dedicated wireless device that records sales and conducts cashless transactions.\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_tta_accordion style=\"outline\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523363510685-6850f3f0-f323\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Smartphone device</li>\r\n 	<li> Internet connectivity</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> Epaisa, mSwipe, Ezetap, FTCash, PayBee[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong> At the discretion of the provider[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li> Infrastructure cost of INR 4,000 to INR 8,000</li>\r\n 	<li>Monthly fee of INR 200 to INR 1,000</li>\r\n 	<li>Merchant Discount Rate (MDR) as applicable</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13343\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523281337963{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Device activated upon KYC checks</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability :</strong> Mid-to-large businesses[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][vc_column_inner width=\"1/4\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1523010478885{margin-right: 5px !important;margin-left: 5px !important;padding-bottom: 30px !important;background-color: #ffffff !important;}\"][vc_column_inner][vc_empty_space height=\"40px\"][vc_single_image image=\"13328\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278147029{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"EXCLUSIVE CARD-ACCEPTANCE SOLUTIONS\" font_container=\"tag:p|font_size:21px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][/vc_column_inner][/vc_row_inner][vc_row_inner gap=\"35\" inner_container=\"yes\"][vc_column_inner width=\"1/2\" css=\".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13329\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278182731{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"BharatQR\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"Developed by the NPCI, BharatQR is an integrated payment solution that enables quick and secure transactions via QR code technology\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_tta_accordion style=\"outline\" color=\"white\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523363928330-5580fea0-76b4\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Bank registered QR code for merchant</li>\r\n 	<li>Smartphone for customer</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> All banking apps[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong> At the discretion of the provider[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li>Monthly fees of INR 100 to INR 300</li>\r\n 	<li>Merchant Discount Rate (MDR) applicable</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13351\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523283067033{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Contact your bank</li>\r\n 	<li>Register and activate QR code (subject to KYC)</li>\r\n 	<li>Share QR code to transact via scan &amp; pay</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability :</strong> Small businesses[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1518690430563{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}\"][vc_single_image image=\"13331\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523278235374{margin-bottom: 10px !important;}\"][vc_custom_heading text=\"POS\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal\" letter_spacing=\"\"][vc_custom_heading text=\"A device that records sales, and conducts cashless transactions at a merchant location\" font_container=\"tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px\" google_fonts=\"font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\"][vc_tta_accordion style=\"outline\" color=\"white\" active_section=\"0\" collapsible_all=\"true\" el_class=\"dawn-digital-tab\"][vc_tta_section title=\"Read More\" tab_id=\"1523363861424-c9f6522c-cdf5\"][vc_single_image image=\"13232\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015981162{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Prerequisites</strong>\r\n<ul>\r\n 	<li>Fixed telephone line</li>\r\n 	<li>Data connection</li>\r\n 	<li>Current account</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13226\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523015479782{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Popular payment providers:</strong> All banks[/vc_column_text][vc_single_image image=\"13234\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016527613{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Transaction limits:</strong> At the discretion of the provider\r\n[/vc_column_text][vc_single_image image=\"13235\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523016685787{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Cost of transaction/solution</strong>\r\n<ul>\r\n 	<li> Annual cost of INR 6,000 to INR 10,000</li>\r\n 	<li>Merchant Discount Rate (MDR) applicable</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13346\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523281740306{margin-bottom: 10px !important;}\"][vc_single_image image=\"13239\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017006941{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Getting started</strong>\r\n<ul>\r\n 	<li>Contact your home bank branch</li>\r\n 	<li>Enrol your business for POS</li>\r\n 	<li>Submit KYC documents</li>\r\n 	<li>Bank delivers and activates POS machine</li>\r\n</ul>\r\n[/vc_column_text][vc_single_image image=\"13241\" img_size=\"full\" animation=\"animate-when-almost-visible\" css_animation=\"el-fade\" css=\".vc_custom_1523017208114{margin-bottom: 10px !important;}\"][vc_column_text letter_spacing=\"\"]<strong>Use case applicability :</strong> Medium-to-large businesses[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text letter_spacing=\"\"]\r\n<h3 style=\"text-align: center;\">Together, let’s bridge the financial divide with digital payments!</h3>\r\n<p style=\"text-align: center;\">Technical Writers : Sapna Bharath and Gaurav Singhal</p>\r\n[/vc_column_text][kleo_button title=\"Download full report\" href=\"http://cashlesscatalyst.org/wp-content/uploads/2018/04/Catalyst-Donor-Brochure.pdf\" target=\"_blank\" position=\"center\" size=\"lg\" type=\"boxed-icon\" special=\"no\" icon=\"download\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pkirbtn\" icon_custom_background=\"#d11e3c\" icon_custom_text=\"#ffffff\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"7886\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1484826151396{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">CATALYST is an initiative seeded by an alliance between the Government of India &amp; USAID, to expand digital payments and financial inclusion in India, especially for small merchants and low-income consumers.</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" 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INSERT INTO `in_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES
(11186, 9, '2017-09-05 11:40:00', '2017-09-05 11:40:00', '[vc_row full_height=\"yes\" equal_height=\"yes\" content_placement=\"middle\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" padding_bottom=\"0\" bg_image=\"10902\"][vc_column][vc_row_inner content_placement=\"middle\"][vc_column_inner el_class=\"title-text\" width=\"1/3\" offset=\"vc_col-md-5\" css=\".vc_custom_1521816908544{margin-top: 20% !important;padding-right: 12% !important;}\"][vc_custom_heading text=\"CATALYZING FINANCIAL SERVICES IN INDIA\" font_container=\"tag:h2|font_size:36px|text_align:left|color:%23ffffff|line_height:42px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1507879776004{margin-bottom: 0px !important;}\"][vc_column_text text_color=\"#ffffff\" font_size=\"24px\" letter_spacing=\"\" el_class=\"subtitle\" css=\".vc_custom_1521820283944{padding-right: 12% !important;}\"]The Catalyst  Incubator ‘Fintech for the Last Mile’  promotes innovative and scalable fintech solutions that address the needs of  traditionally underserved market segments.[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1500361612396{padding-right: 0px !important;padding-left: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"190px\" visibility=\"hidden-xs\"][kleo_gap size=\"50px\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" padding_bottom=\"0\"][vc_column][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"5/12\"][vc_single_image image=\"10858\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"left-to-right\"][/vc_column_inner][vc_column_inner width=\"7/12\"][vc_custom_heading text=\"Building for the Last Mile\" font_container=\"tag:h2|font_size:26px|text_align:left|color:%23000000|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]While the infrastructure to build inclusive financial services has recently been upgraded with the roll-out of UPI, Aadhaar, and India Stack, we are yet to see the power of these systems delivered to end users at scale. There also remains massive scope to build deeper and more targeted workflows on top of an increasingly commoditized payment transaction layer. These software, hardware, or in certain cases, operational solutions can generate tangible and immediate value to key stakeholders across commercial use cases – be it through analytics, access to financing, or streamlined business processes. Catalyst, as part of its broader mission to help small business ecosystems access the benefits of digital finance, will co-design, analyze &amp; validate, as well as enable the scaling of successful solutions. Towards this end, Catalyst offers innovative entrepreneurs technical and financial assistance in the form of performance-based financing, ground operational resources, research methodologies, broader ecosystem linkages, and domain expertise.\r\n\r\nThe first round of selection of the incubatees took place in February 2018 where five applicants were selected.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" padding_top=\"20\" padding_bottom=\"20\"][vc_column][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"7/12\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]We attracted 51 qualified leads through privileged channels like VCs, impact investors, incubators, universities, mentors, and social media\r\n\r\n<strong>Pipeline: Applicants across 13 sectors and 14 cities</strong>\r\n<ul>\r\n 	<li>Top Sectors: Credit (~39%), Payments (~18%), Invoice Management (~12%)</li>\r\n 	<li>Locations: 14 cities including Jaipur, Kanpur, Aligarh, and Bhubaneswar</li>\r\n 	<li>Startup vintage ranged between 1 month to 15 years..</li>\r\n 	<li>One fifth of applicants had a female(co-)founder</li>\r\n</ul>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"5/12\"][vc_single_image image=\"13024\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" padding_top=\"0\" visibility=\"hidden-xs,hidden-sm,hidden-md,hidden-lg,hidden-xlg\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner][vc_custom_heading text=\"PARTNERS\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23000000|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p style=\"text-align: center;\">Incubator partners provide front-end infrastructure, program management and mentorship under their roof</p>\r\n[/vc_column_text][vc_single_image image=\"13027\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p style=\"text-align: center;\">Catalyst provides the \'operating system\' for incubators by integrating participating startups into labs, partner ecosystem, and ground level behavioral leaning infrastructure</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row][vc_row el_id=\"start-up\" type=\"image\"][vc_column][vc_custom_heading text=\"THE FIVE SHORTLISTED START-UPS \" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_row_inner][vc_column_inner width=\"1/3\" css=\".vc_custom_1522822556466{padding-bottom: 20px !important;}\"][vc_column_text letter_spacing=\"\" el_id=\"clientlogo\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://fingpay.co.in/wp/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"fingpay\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/fingpay.jpg\" alt=\"fingpay\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527243638109{padding-right: 15px !important;background-color: #e5e7e6 !important;}\" el_id=\"videolink\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"fingpay\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522822971844{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://fingpay.co.in/wp/\" target=\"_blank\" rel=\"noopener noreferrer\">Fingpay </a></strong>is a payment and collection solution that enables merchants to accept digital payments from customers who do not have either a card, wallet, or a mobile.</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://paynearby.in/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"paynearby\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/paynearby.jpg\" alt=\"paynearby\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244207257{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"paynearby\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823006369{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://paynearby.in/\" target=\"_blank\" rel=\"noopener noreferrer\">Paynearby</a></strong> enables existing corner shops to become a digital financial services hubs, thereby creating the world’s largest hyperlocal fintech network.</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"http://www.merapaper.com/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"merapaper\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/merapaper.jpg\" alt=\"merapaper\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244281987{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"merapaper\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823058819{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"http://www.merapaper.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Merapaper</a></strong> provides a micro-ERP to digitize the customer lifecycle, billing, and payments for small B2C merchants.</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://www.onymy.net/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"paybee\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/paybee.jpg\" alt=\"paybee\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244307240{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"paybee\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823098653{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://www.onymy.net/\" target=\"_blank\" rel=\"noopener noreferrer\">Paybee’s</a></strong> solution automates and digitizes B2B collections in the distributor-retailer value chain.</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://kaleidofin.com/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"kaleidofin\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/kaleidofin.jpg\" alt=\"kaleidofin\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244360235{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"kaleidofin\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823128780{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://www.kaleidofin.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Kaleidofin </a></strong>is a fintech platform that propels the un/under-banked towards meeting their real life goals by providing tailored financial solutions at scale.</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" bg_image=\"7841\"][vc_column][vc_column_text letter_spacing=\"\"]\r\n<div id=\"fingpay\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe id=\"ytfingpay\" src=\"https://www.youtube.com/embed/0QJQOsyrJwY\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"paynearby\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/Jc0IQGnIiEA\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"merapaper\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/kxAjPD3Jwpw\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"paybee\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/UOjszwnqUE8\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"kaleidofin\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/lyOy62lqnSY\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_attachment=\"true\" enable_parallax=\"false\" bg_image=\"11192\"][vc_column][vc_custom_heading text=\"THE PROCESS\" font_container=\"tag:h2|font_size:32px|text_align:center|color:%23ffffff|line_height:38px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1521811267105{margin-bottom: 0px !important;padding-bottom: 10px !important;}\"][vc_empty_space height=\"30px\"][vc_row_inner el_class=\"phide-mobile\"][vc_column_inner][vc_single_image image=\"11211\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\" css=\".vc_custom_1504618212057{margin-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=\"yes\" el_class=\"phide-desk\"][vc_column_inner width=\"1/3\"][vc_single_image image=\"11193\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"left-to-right\" css=\".vc_custom_1504617282081{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Up to 33 lakhs<sup>*</sup>\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504592402026{padding-right: 13% !important;padding-left: 13% !important;}\"]\r\n<p style=\"text-align: center;\">per award for activities lasting up to six months and additional benefits</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11194\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\" css=\".vc_custom_1504617305542{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Opportunity to refine your product or service\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504592597893{padding-right: 11% !important;padding-left: 11% !important;}\"]\r\n<p style=\"text-align: center;\">and test hypotheses over six months in a dynamic market environment</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11195\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css=\".vc_custom_1504617330456{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Mentorship from thought leaders\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504592651052{padding-right: 9% !important;padding-left: 9% !important;}\"]\r\n<p style=\"text-align: center;\">in digital finance companies, social enterprise, and technology entrepreneurship</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space height=\"30px\"][vc_row_inner equal_height=\"yes\" el_class=\"phide-desk\"][vc_column_inner width=\"1/3\"][vc_single_image image=\"11196\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"left-to-right\" css=\".vc_custom_1504617352679{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Access to small businesses,\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1521817360295{padding-right: 7% !important;padding-left: 7% !important;}\"]\r\n<p style=\"text-align: center;\">customers, and suppliers in Jaipur to test your product or service, run pilots, and validate hypotheses</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11197\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css=\".vc_custom_1504617375877{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Access to Catalyst’s research team\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504593351421{padding-right: 6% !important;padding-left: 6% !important;}\"]\r\n<p style=\"text-align: center;\">and on-ground learning infrastructure</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11017\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css=\".vc_custom_1504594166943{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Access to Catalyst’s broader partner ecosystem,\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504593598231{padding-right: 6% !important;padding-left: 6% !important;}\"]\r\n<p style=\"text-align: center;\">including other fintech companies, traditional financial institutions and government &amp; policy stakeholders</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text text_color=\"#ffffff\" font_size=\"12px\" letter_spacing=\"\" el_class=\"lh18\"]\r\n<p style=\"text-align: left;\"><sup>*</sup>inclusive of all taxes</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#373a3a\"][vc_column][vc_custom_heading text=\" MEET SOME THOUGHT PARTNERS\" font_container=\"tag:h2|font_size:32px|text_align:center|color:%23ffffff|line_height:38px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1504945146949{margin-bottom: 0px !important;padding-bottom: 10px !important;}\"][vc_row_inner css=\".vc_custom_1504876397167{margin-top: 40px !important;}\"][vc_column_inner width=\"1/4\"][vc_single_image image=\"11256\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Rakesh Mishra\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Chief Program Advisor\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11270\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/mishrrak/\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_single_image image=\"11258\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Rohan Angrish\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Head of Innovation\r\nICICI\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11262\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/rohan-angrish-9149a31/?ppe=1\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_single_image image=\"11259\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Sanjay Swamy\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Managing Partner &amp; Co-Founder\r\nPrime Venture\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11265\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/theswamy/?ppe=1\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_single_image image=\"11260\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Alok Mittal\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Co-Founder and CEO\r\nIndifi Technologies\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11267\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/alok-mittal-590a/?ppe=1\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row disable_element=\"yes\" type=\"color\" bg_color=\"#f7f7f7\"][vc_column][vc_row_inner][vc_column_inner][rev_slider_vc alias=\"incubator11\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row disable_element=\"yes\" type=\"color\" bg_color=\"#ffffff\" el_class=\"phide\"][vc_column width=\"1/6\"][/vc_column][vc_column width=\"2/3\"][vc_row_inner][vc_column_inner][vc_custom_heading text=\"THE APPLICATION PROCESS\" font_container=\"tag:h2|font_size:32px|text_align:center|color:%23d11e3c|line_height:38px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1504597731150{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_column_text text_color=\"#373a3a\" font_size=\"20px\" letter_spacing=\"\" el_class=\"lh26\" css=\".vc_custom_1505456027002{margin-top: -10px !important;padding-top: 0px !important;}\"]\r\n<p style=\"text-align: center;\"><strong>Applications are due by September 24<sup>th</sup>, 2017</strong></p>\r\n[/vc_column_text][vc_column_text text_color=\"#373a3a\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\" css=\".vc_custom_1504608245065{padding-right: 5% !important;padding-left: 5% !important;}\"]We will use a two-step process to select finalists. First, applicants must submit a Pitch Deck which will be evaluated against the Eligibility Criteria. Organizations whose applications fulfill all the Eligibility Criteria will be invited to submit a full application.\r\n\r\nWe encourage you to apply as early as possible as funds will be allocated on a first-come first-serve basis to organizations with great ideas that meet our eligibility and selection criteria.[/vc_column_text][kleo_gap size=\"30px\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605718726{margin-bottom: 0px !important;padding-bottom: 0px !important;padding-left: 5% !important;background-color: #d11e3c !important;}\"][vc_column_inner][vc_custom_heading text=\"PITCH DECK SUBMISSION (PHASE I)\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23ffffff|line_height:30px\" use_theme_fonts=\"yes\" letter_spacing=\"\" css=\".vc_custom_1504617658019{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 5px !important;padding-bottom: 5px !important;background-color: #d11e3c !important;}\" el_class=\"bold\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605732098{margin-top: 0px !important;padding-top: 0px !important;padding-right: 5% !important;padding-left: 5% !important;background-color: #ebebeb !important;}\"][vc_column_inner][vc_custom_heading text=\"Mandatory\" font_container=\"tag:h2|font_size:20px|text_align:left|color:%23d11e3c|line_height:26px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"bold\" css=\".vc_custom_1504617702369{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_column_text text_color=\"#373a3a\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\" css=\".vc_custom_1504618892332{margin-top: -10px !important;padding-top: 0px !important;}\"]To submit your Pitch Deck, please fill in the <span class=\"pred\"><a href=\"https://cashlesscatalyst.org/incubator-form/\">Phase I webform</a></span> and attach the following mandatory materials:[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div class=\"pdsContainer\">\r\n<div class=\"pdsDetails\">\r\n\r\n<strong>Pitch Deck</strong> in PowerPoint format of no more than 10 slides - Feel free to be creative, but the following information must be included in your Pitch Deck:\r\n<ul>\r\n 	<li><strong>Well-defined problem statement</strong> - Describe the problem you are proposing to resolve.</li>\r\n 	<li><strong>A solution strategy </strong>- Describe how your idea addresses the problem you propose to solve and the minimum viable product (MVP) you are proposing to develop. We define a reasonable MVP as a combination of services, software, hardware, people and/or code that demonstrates all major features of the proposed solution such that it conveys to any potential user the value proposition and workflow of the product.</li>\r\n 	<li><strong>A description of the target population</strong> you intend to work with, including their income levels and geographic locations.</li>\r\n 	<li><strong>A short summary budget</strong> detailing how much the activity will cost and a breakdown of how much of this total budget will be covered by the Catalyst grant and - how much of it will be covered by funds that the organization is willing to contribute from its own resources (what we call “skin in the game”).</li>\r\n</ul>\r\n</div>\r\n<div class=\"pdsDetails\">A copy of your organization’s legal registration that shows it is registered in India and fulfills all the criteria listed in Section 8 (Legal Information) of this APS to be considered an Indian organization.</div>\r\n<div class=\"pdsDetails\">All materials must be submitted in English and budget amounts must be in Indian Rupees.</div>\r\n</div>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605749196{margin-top: 0px !important;padding-top: 0px !important;padding-right: 5% !important;padding-left: 5% !important;background-color: #ebebeb !important;}\"][vc_column_inner][vc_custom_heading text=\"Optional, but not required Phase I material\" font_container=\"tag:h2|font_size:20px|text_align:left|color:%23d11e3c|line_height:26px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"bold\" css=\".vc_custom_1504617776989{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_column_text text_color=\"#373a3a\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\" css=\".vc_custom_1504617811147{margin-top: -10px !important;padding-top: 0px !important;}\"](please include links in your pitch deck)[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div class=\"pdsContainer\">\r\n<div class=\"pdsDetails\"><strong>A link to your MVP</strong>. Nothing sells better than seeing the actual product!</div>\r\n<div class=\"pdsDetails\"><strong>A one-minute video</strong> explanation or pitch of your product by the founding team</div>\r\n</div>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605718726{margin-bottom: 0px !important;padding-bottom: 0px !important;padding-left: 5% !important;background-color: #d11e3c !important;}\"][vc_column_inner][vc_custom_heading text=\"FULL APPLICATION SUBMISSION (PHASE II)\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23ffffff|line_height:30px\" use_theme_fonts=\"yes\" letter_spacing=\"\" css=\".vc_custom_1504617745778{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 5px !important;padding-bottom: 5px !important;background-color: #d11e3c !important;}\" el_class=\"bold\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504607834707{margin-top: 0px !important;padding-top: 0px !important;background-color: #373a3a !important;}\"][vc_column_inner][vc_column_text text_color=\"#ffffff\" font_size=\"15px\" letter_spacing=\"\" el_class=\"lh20 pobhpContainer \" css=\".vc_custom_1504618569508{margin-bottom: 20px !important;padding-right: 5% !important;padding-left: 5% !important;}\"]If you are invited to this phase, we will require you to submit a more detailed set of materials that outline goals and milestones for the program, and how budgetary funds will be used to achieve them. Full templates will be provided by Catalyst to fulfill these submission requirements. When we’ve received all mandatory materials for your application we will review them against our selection criteria and inform you if you’ve been shortlisted for an award within 3 weeks. <a class=\"popmake-phase2 pum-trigger\" style=\"cursor: pointer;\" href=\"#\">Read More</a>\r\n<p style=\"text-align: center;\">To know more about the program, <a href=\"https://cashlesscatalyst.org/wp-content/uploads/2017/08/APS_Docs.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here</a></p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504619259613{margin-top: 40px !important;}\"][vc_column_inner width=\"1/3\"][/vc_column_inner][vc_column_inner width=\"1/3\"][kleo_button title=\"View FAQs\" href=\"https://cashlesscatalyst.org/faq/\" style=\"custom\" border_width=\"1px\" position=\"center\" size=\"sm\" special=\"no\" icon=\"0\" font_size=\"18px\" font_weight=\"400\" letter_spacing=\"\" el_class=\"puploadBtn\" custom_background=\"#d01f3c\" custom_bg_hover=\"#ffffff\" custom_text=\"#ffffff\" custom_text_hover=\"#d01f3c\" custom_border=\"#d01f3c\" custom_border_hover=\"#d01f3c\"][/vc_column_inner][vc_column_inner width=\"1/3\"][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=\"1/6\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ebebeb\"][vc_column][vc_custom_heading text=\"PARTNERS\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][kleo_gap size=\"30px\"][vc_row_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10881\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9265\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10882\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9267\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10883\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"8066\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"30px\"][vc_row_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10884\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9171\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10655\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"8070\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10885\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10886\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"30px\"][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"9937\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1549450961418{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">[footer_copy]</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\r\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\r\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', 'Incubator', '', 'publish', 'closed', 'closed', '', 'incubator-3', '', '', '2019-02-06 11:02:48', '2019-02-06 11:02:48', '', 0, 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(40443, 23, '2019-02-06 11:02:48', '2019-02-06 11:02:48', '[vc_row full_height=\"yes\" equal_height=\"yes\" content_placement=\"middle\" type=\"image\" enable_parallax=\"false\" parallax_speed=\"0.4\" padding_top=\"0\" padding_bottom=\"0\" bg_image=\"10902\"][vc_column][vc_row_inner content_placement=\"middle\"][vc_column_inner el_class=\"title-text\" width=\"1/3\" offset=\"vc_col-md-5\" css=\".vc_custom_1521816908544{margin-top: 20% !important;padding-right: 12% !important;}\"][vc_custom_heading text=\"CATALYZING FINANCIAL SERVICES IN INDIA\" font_container=\"tag:h2|font_size:36px|text_align:left|color:%23ffffff|line_height:42px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1507879776004{margin-bottom: 0px !important;}\"][vc_column_text text_color=\"#ffffff\" font_size=\"24px\" letter_spacing=\"\" el_class=\"subtitle\" css=\".vc_custom_1521820283944{padding-right: 12% !important;}\"]The Catalyst  Incubator ‘Fintech for the Last Mile’  promotes innovative and scalable fintech solutions that address the needs of  traditionally underserved market segments.[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/2\" css=\".vc_custom_1500361612396{padding-right: 0px !important;padding-left: 0px !important;}\"][/vc_column_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"190px\" visibility=\"hidden-xs\"][kleo_gap size=\"50px\"][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" padding_bottom=\"0\"][vc_column][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"5/12\"][vc_single_image image=\"10858\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"left-to-right\"][/vc_column_inner][vc_column_inner width=\"7/12\"][vc_custom_heading text=\"Building for the Last Mile\" font_container=\"tag:h2|font_size:26px|text_align:left|color:%23000000|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]While the infrastructure to build inclusive financial services has recently been upgraded with the roll-out of UPI, Aadhaar, and India Stack, we are yet to see the power of these systems delivered to end users at scale. There also remains massive scope to build deeper and more targeted workflows on top of an increasingly commoditized payment transaction layer. These software, hardware, or in certain cases, operational solutions can generate tangible and immediate value to key stakeholders across commercial use cases – be it through analytics, access to financing, or streamlined business processes. Catalyst, as part of its broader mission to help small business ecosystems access the benefits of digital finance, will co-design, analyze &amp; validate, as well as enable the scaling of successful solutions. Towards this end, Catalyst offers innovative entrepreneurs technical and financial assistance in the form of performance-based financing, ground operational resources, research methodologies, broader ecosystem linkages, and domain expertise.\r\n\r\nThe first round of selection of the incubatees took place in February 2018 where five applicants were selected.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" padding_top=\"20\" padding_bottom=\"20\"][vc_column][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner width=\"7/12\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]We attracted 51 qualified leads through privileged channels like VCs, impact investors, incubators, universities, mentors, and social media\r\n\r\n<strong>Pipeline: Applicants across 13 sectors and 14 cities</strong>\r\n<ul>\r\n 	<li>Top Sectors: Credit (~39%), Payments (~18%), Invoice Management (~12%)</li>\r\n 	<li>Locations: 14 cities including Jaipur, Kanpur, Aligarh, and Bhubaneswar</li>\r\n 	<li>Startup vintage ranged between 1 month to 15 years..</li>\r\n 	<li>One fifth of applicants had a female(co-)founder</li>\r\n</ul>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"5/12\"][vc_single_image image=\"13024\" img_size=\"full\" alignment=\"center\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#ffffff\" padding_top=\"0\" visibility=\"hidden-xs,hidden-sm,hidden-md,hidden-lg,hidden-xlg\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\"][vc_row_inner equal_height=\"yes\" content_placement=\"middle\"][vc_column_inner][vc_custom_heading text=\"PARTNERS\" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23000000|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p style=\"text-align: center;\">Incubator partners provide front-end infrastructure, program management and mentorship under their roof</p>\r\n[/vc_column_text][vc_single_image image=\"13027\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#383b3b\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22 ptext-justify\"]\r\n<p style=\"text-align: center;\">Catalyst provides the \'operating system\' for incubators by integrating participating startups into labs, partner ecosystem, and ground level behavioral leaning infrastructure</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row][vc_row el_id=\"start-up\" type=\"image\"][vc_column][vc_custom_heading text=\"THE FIVE SHORTLISTED START-UPS \" font_container=\"tag:h2|font_size:26px|text_align:center|color:%23d11e3c|line_height:32px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\"][vc_row_inner][vc_column_inner width=\"1/3\" css=\".vc_custom_1522822556466{padding-bottom: 20px !important;}\"][vc_column_text letter_spacing=\"\" el_id=\"clientlogo\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://fingpay.co.in/wp/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"fingpay\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/fingpay.jpg\" alt=\"fingpay\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527243638109{padding-right: 15px !important;background-color: #e5e7e6 !important;}\" el_id=\"videolink\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"fingpay\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522822971844{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://fingpay.co.in/wp/\" target=\"_blank\" rel=\"noopener noreferrer\">Fingpay </a></strong>is a payment and collection solution that enables merchants to accept digital payments from customers who do not have either a card, wallet, or a mobile.</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://paynearby.in/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"paynearby\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/paynearby.jpg\" alt=\"paynearby\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244207257{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"paynearby\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823006369{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://paynearby.in/\" target=\"_blank\" rel=\"noopener noreferrer\">Paynearby</a></strong> enables existing corner shops to become a digital financial services hubs, thereby creating the world’s largest hyperlocal fintech network.</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"http://www.merapaper.com/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"merapaper\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/merapaper.jpg\" alt=\"merapaper\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244281987{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"merapaper\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823058819{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"http://www.merapaper.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Merapaper</a></strong> provides a micro-ERP to digitize the customer lifecycle, billing, and payments for small B2C merchants.</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=\"1/6\"][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://www.onymy.net/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"paybee\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/paybee.jpg\" alt=\"paybee\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244307240{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"paybee\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823098653{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://www.onymy.net/\" target=\"_blank\" rel=\"noopener noreferrer\">Paybee’s</a></strong> solution automates and digitizes B2B collections in the distributor-retailer value chain.</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_column_text letter_spacing=\"\"]\r\n<div class=\"startup-logo\"><a class=\"toggle\" href=\"https://kaleidofin.com/\" target=\"_blank\" rel=\"noopener noreferrer\" data-target=\"kaleidofin\"><img class=\"aligncenter\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/03/kaleidofin.jpg\" alt=\"kaleidofin\" /></a></div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1527244360235{padding-right: 15px !important;background-color: #e5e7e6 !important;}\"]\r\n<div class=\"team-member-container\">\r\n<div class=\"team-member\">\r\n<p class=\"video-div\" style=\"text-align: right;\"><a class=\"toggle\" data-target=\"kaleidofin\">Watch the video <img class=\"alignnone size-full wp-image-14469\" src=\"https://cashlesscatalyst.org/wp-content/uploads/2018/05/video.jpg\" alt=\"\" width=\"24\" height=\"16\" /></a></p>\r\n\r\n</div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\" css=\".vc_custom_1522823128780{padding-bottom: 25px !important;}\"]\r\n<p style=\"text-align: left;\"><strong><a href=\"https://www.kaleidofin.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Kaleidofin </a></strong>is a fintech platform that propels the un/under-banked towards meeting their real life goals by providing tailored financial solutions at scale.</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"image\" bg_color=\"#ffffff\" bg_image=\"7841\"][vc_column][vc_column_text letter_spacing=\"\"]\r\n<div id=\"fingpay\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe id=\"ytfingpay\" src=\"https://www.youtube.com/embed/0QJQOsyrJwY\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"paynearby\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/Jc0IQGnIiEA\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"merapaper\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/kxAjPD3Jwpw\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"paybee\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/UOjszwnqUE8\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div id=\"kaleidofin\" class=\"team-profile-container startup-box\">\r\n<div class=\"team-profile-inner\" style=\"margin: 0 auto;\">\r\n<h2 class=\"pteam-member-name\"></h2>\r\n<div class=\"pclose-btn\"><a class=\"close \" data-target=\"sapna\">X</a></div>\r\n</div>\r\n<div class=\"pteam-member-details\"><iframe src=\"https://www.youtube.com/embed/lyOy62lqnSY\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></div>\r\n</div>\r\n[/vc_column_text][/vc_column][/vc_row][vc_row type=\"image\" bg_attachment=\"true\" enable_parallax=\"false\" bg_image=\"11192\"][vc_column][vc_custom_heading text=\"THE PROCESS\" font_container=\"tag:h2|font_size:32px|text_align:center|color:%23ffffff|line_height:38px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1521811267105{margin-bottom: 0px !important;padding-bottom: 10px !important;}\"][vc_empty_space height=\"30px\"][vc_row_inner el_class=\"phide-mobile\"][vc_column_inner][vc_single_image image=\"11211\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\" css=\".vc_custom_1504618212057{margin-bottom: 0px !important;}\"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=\"yes\" el_class=\"phide-desk\"][vc_column_inner width=\"1/3\"][vc_single_image image=\"11193\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"left-to-right\" css=\".vc_custom_1504617282081{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Up to 33 lakhs<sup>*</sup>\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504592402026{padding-right: 13% !important;padding-left: 13% !important;}\"]\r\n<p style=\"text-align: center;\">per award for activities lasting up to six months and additional benefits</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11194\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\" css=\".vc_custom_1504617305542{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Opportunity to refine your product or service\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504592597893{padding-right: 11% !important;padding-left: 11% !important;}\"]\r\n<p style=\"text-align: center;\">and test hypotheses over six months in a dynamic market environment</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11195\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css=\".vc_custom_1504617330456{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Mentorship from thought leaders\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504592651052{padding-right: 9% !important;padding-left: 9% !important;}\"]\r\n<p style=\"text-align: center;\">in digital finance companies, social enterprise, and technology entrepreneurship</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space height=\"30px\"][vc_row_inner equal_height=\"yes\" el_class=\"phide-desk\"][vc_column_inner width=\"1/3\"][vc_single_image image=\"11196\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"left-to-right\" css=\".vc_custom_1504617352679{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Access to small businesses,\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1521817360295{padding-right: 7% !important;padding-left: 7% !important;}\"]\r\n<p style=\"text-align: center;\">customers, and suppliers in Jaipur to test your product or service, run pilots, and validate hypotheses</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11197\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css=\".vc_custom_1504617375877{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Access to Catalyst’s research team\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504593351421{padding-right: 6% !important;padding-left: 6% !important;}\"]\r\n<p style=\"text-align: center;\">and on-ground learning infrastructure</p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/3\"][vc_single_image image=\"11017\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css=\".vc_custom_1504594166943{margin-bottom: 0px !important;}\"][vc_custom_heading text=\"Access to Catalyst’s broader partner ecosystem,\" font_container=\"tag:p|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"cip-title\"][vc_column_text text_color=\"#ffffff\" font_size=\"16px\" letter_spacing=\"\" el_class=\"lh22\" css=\".vc_custom_1504593598231{padding-right: 6% !important;padding-left: 6% !important;}\"]\r\n<p style=\"text-align: center;\">including other fintech companies, traditional financial institutions and government &amp; policy stakeholders</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text text_color=\"#ffffff\" font_size=\"12px\" letter_spacing=\"\" el_class=\"lh18\"]\r\n<p style=\"text-align: left;\"><sup>*</sup>inclusive of all taxes</p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=\"color\" bg_color=\"#373a3a\"][vc_column][vc_custom_heading text=\" MEET SOME THOUGHT PARTNERS\" font_container=\"tag:h2|font_size:32px|text_align:center|color:%23ffffff|line_height:38px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1504945146949{margin-bottom: 0px !important;padding-bottom: 10px !important;}\"][vc_row_inner css=\".vc_custom_1504876397167{margin-top: 40px !important;}\"][vc_column_inner width=\"1/4\"][vc_single_image image=\"11256\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Rakesh Mishra\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Chief Program Advisor\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11270\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/mishrrak/\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_single_image image=\"11258\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Rohan Angrish\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Head of Innovation\r\nICICI\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11262\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/rohan-angrish-9149a31/?ppe=1\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_single_image image=\"11259\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Sanjay Swamy\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Managing Partner &amp; Co-Founder\r\nPrime Venture\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11265\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/theswamy/?ppe=1\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][vc_column_inner width=\"1/4\"][vc_single_image image=\"11260\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][vc_custom_heading text=\"Alok Mittal\" font_container=\"tag:div|font_size:22px|text_align:center|color:%23ffffff|line_height:28px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_custom_heading text=\"Co-Founder and CEO\r\nIndifi Technologies\" font_container=\"tag:div|font_size:14px|text_align:center|color:%23ffffff|line_height:20px\" use_theme_fonts=\"yes\" letter_spacing=\"\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" el_class=\"pwhite\"]\r\n<p style=\"text-align: center;\"><a class=\"popmake-11267\" href=\"#\">Bio</a>\r\n<a href=\"https://www.linkedin.com/in/alok-mittal-590a/?ppe=1\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn</a></p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row disable_element=\"yes\" type=\"color\" bg_color=\"#f7f7f7\"][vc_column][vc_row_inner][vc_column_inner][rev_slider_vc alias=\"incubator11\"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row disable_element=\"yes\" type=\"color\" bg_color=\"#ffffff\" el_class=\"phide\"][vc_column width=\"1/6\"][/vc_column][vc_column width=\"2/3\"][vc_row_inner][vc_column_inner][vc_custom_heading text=\"THE APPLICATION PROCESS\" font_container=\"tag:h2|font_size:32px|text_align:center|color:%23d11e3c|line_height:38px\" google_fonts=\"font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:400%20regular%3A400%3Anormal\" letter_spacing=\"\" css=\".vc_custom_1504597731150{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_column_text text_color=\"#373a3a\" font_size=\"20px\" letter_spacing=\"\" el_class=\"lh26\" css=\".vc_custom_1505456027002{margin-top: -10px !important;padding-top: 0px !important;}\"]\r\n<p style=\"text-align: center;\"><strong>Applications are due by September 24<sup>th</sup>, 2017</strong></p>\r\n[/vc_column_text][vc_column_text text_color=\"#373a3a\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\" css=\".vc_custom_1504608245065{padding-right: 5% !important;padding-left: 5% !important;}\"]We will use a two-step process to select finalists. First, applicants must submit a Pitch Deck which will be evaluated against the Eligibility Criteria. Organizations whose applications fulfill all the Eligibility Criteria will be invited to submit a full application.\r\n\r\nWe encourage you to apply as early as possible as funds will be allocated on a first-come first-serve basis to organizations with great ideas that meet our eligibility and selection criteria.[/vc_column_text][kleo_gap size=\"30px\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605718726{margin-bottom: 0px !important;padding-bottom: 0px !important;padding-left: 5% !important;background-color: #d11e3c !important;}\"][vc_column_inner][vc_custom_heading text=\"PITCH DECK SUBMISSION (PHASE I)\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23ffffff|line_height:30px\" use_theme_fonts=\"yes\" letter_spacing=\"\" css=\".vc_custom_1504617658019{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 5px !important;padding-bottom: 5px !important;background-color: #d11e3c !important;}\" el_class=\"bold\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605732098{margin-top: 0px !important;padding-top: 0px !important;padding-right: 5% !important;padding-left: 5% !important;background-color: #ebebeb !important;}\"][vc_column_inner][vc_custom_heading text=\"Mandatory\" font_container=\"tag:h2|font_size:20px|text_align:left|color:%23d11e3c|line_height:26px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"bold\" css=\".vc_custom_1504617702369{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_column_text text_color=\"#373a3a\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\" css=\".vc_custom_1504618892332{margin-top: -10px !important;padding-top: 0px !important;}\"]To submit your Pitch Deck, please fill in the <span class=\"pred\"><a href=\"https://cashlesscatalyst.org/incubator-form/\">Phase I webform</a></span> and attach the following mandatory materials:[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div class=\"pdsContainer\">\r\n<div class=\"pdsDetails\">\r\n\r\n<strong>Pitch Deck</strong> in PowerPoint format of no more than 10 slides - Feel free to be creative, but the following information must be included in your Pitch Deck:\r\n<ul>\r\n 	<li><strong>Well-defined problem statement</strong> - Describe the problem you are proposing to resolve.</li>\r\n 	<li><strong>A solution strategy </strong>- Describe how your idea addresses the problem you propose to solve and the minimum viable product (MVP) you are proposing to develop. We define a reasonable MVP as a combination of services, software, hardware, people and/or code that demonstrates all major features of the proposed solution such that it conveys to any potential user the value proposition and workflow of the product.</li>\r\n 	<li><strong>A description of the target population</strong> you intend to work with, including their income levels and geographic locations.</li>\r\n 	<li><strong>A short summary budget</strong> detailing how much the activity will cost and a breakdown of how much of this total budget will be covered by the Catalyst grant and - how much of it will be covered by funds that the organization is willing to contribute from its own resources (what we call “skin in the game”).</li>\r\n</ul>\r\n</div>\r\n<div class=\"pdsDetails\">A copy of your organization’s legal registration that shows it is registered in India and fulfills all the criteria listed in Section 8 (Legal Information) of this APS to be considered an Indian organization.</div>\r\n<div class=\"pdsDetails\">All materials must be submitted in English and budget amounts must be in Indian Rupees.</div>\r\n</div>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605749196{margin-top: 0px !important;padding-top: 0px !important;padding-right: 5% !important;padding-left: 5% !important;background-color: #ebebeb !important;}\"][vc_column_inner][vc_custom_heading text=\"Optional, but not required Phase I material\" font_container=\"tag:h2|font_size:20px|text_align:left|color:%23d11e3c|line_height:26px\" use_theme_fonts=\"yes\" letter_spacing=\"\" el_class=\"bold\" css=\".vc_custom_1504617776989{margin-bottom: 0px !important;padding-bottom: 0px !important;}\"][vc_column_text text_color=\"#373a3a\" font_size=\"18px\" letter_spacing=\"\" el_class=\"lh24\" css=\".vc_custom_1504617811147{margin-top: -10px !important;padding-top: 0px !important;}\"](please include links in your pitch deck)[/vc_column_text][vc_column_text letter_spacing=\"\"]\r\n<div class=\"pdsContainer\">\r\n<div class=\"pdsDetails\"><strong>A link to your MVP</strong>. Nothing sells better than seeing the actual product!</div>\r\n<div class=\"pdsDetails\"><strong>A one-minute video</strong> explanation or pitch of your product by the founding team</div>\r\n</div>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504605718726{margin-bottom: 0px !important;padding-bottom: 0px !important;padding-left: 5% !important;background-color: #d11e3c !important;}\"][vc_column_inner][vc_custom_heading text=\"FULL APPLICATION SUBMISSION (PHASE II)\" font_container=\"tag:h2|font_size:24px|text_align:left|color:%23ffffff|line_height:30px\" use_theme_fonts=\"yes\" letter_spacing=\"\" css=\".vc_custom_1504617745778{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 5px !important;padding-bottom: 5px !important;background-color: #d11e3c !important;}\" el_class=\"bold\"][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504607834707{margin-top: 0px !important;padding-top: 0px !important;background-color: #373a3a !important;}\"][vc_column_inner][vc_column_text text_color=\"#ffffff\" font_size=\"15px\" letter_spacing=\"\" el_class=\"lh20 pobhpContainer \" css=\".vc_custom_1504618569508{margin-bottom: 20px !important;padding-right: 5% !important;padding-left: 5% !important;}\"]If you are invited to this phase, we will require you to submit a more detailed set of materials that outline goals and milestones for the program, and how budgetary funds will be used to achieve them. Full templates will be provided by Catalyst to fulfill these submission requirements. When we’ve received all mandatory materials for your application we will review them against our selection criteria and inform you if you’ve been shortlisted for an award within 3 weeks. <a class=\"popmake-phase2 pum-trigger\" style=\"cursor: pointer;\" href=\"#\">Read More</a>\r\n<p style=\"text-align: center;\">To know more about the program, <a href=\"https://cashlesscatalyst.org/wp-content/uploads/2017/08/APS_Docs.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here</a></p>\r\n[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=\".vc_custom_1504619259613{margin-top: 40px !important;}\"][vc_column_inner width=\"1/3\"][/vc_column_inner][vc_column_inner width=\"1/3\"][kleo_button title=\"View FAQs\" href=\"https://cashlesscatalyst.org/faq/\" style=\"custom\" border_width=\"1px\" position=\"center\" size=\"sm\" special=\"no\" icon=\"0\" font_size=\"18px\" font_weight=\"400\" letter_spacing=\"\" el_class=\"puploadBtn\" custom_background=\"#d01f3c\" 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img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"9171\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10655\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"8070\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10885\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][vc_column_inner width=\"1/6\"][vc_single_image image=\"10886\" img_size=\"full\" alignment=\"center\" animation=\"animate-when-almost-visible\" css_animation=\"bottom-to-top\"][/vc_column_inner][/vc_row_inner][kleo_gap size=\"30px\"][/vc_column][/vc_row][vc_row el_id=\"footer_area\" text_align=\"center\" type=\"image\" bg_position_horizontal=\"center\" enable_parallax=\"false\" padding_top=\"50px\" padding_bottom=\"50px\" bg_image=\"9937\"][vc_column width=\"1/4\"][/vc_column][vc_column width=\"1/2\" offset=\"vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0\"][vc_single_image image=\"7888\" img_size=\"full\" alignment=\"center\"][vc_column_text text_color=\"#ffffff\" font_size=\"14px\" letter_spacing=\"\" css=\".vc_custom_1549450961418{margin-top: 35px !important;margin-bottom: 5px !important;padding-right: 20px !important;}\"]\r\n<p style=\"text-align: center;\">[footer_copy]</p>\r\n[/vc_column_text][kleo_gap][vc_column_text letter_spacing=\"\" css=\".vc_custom_1484051069491{margin-bottom: 0px !important;}\"]\r\n<p style=\"text-align: center;\">[email-newsletter-plugin]</p>\r\n[/vc_column_text][kleo_icon icon=\"facebook\" href=\"https://www.facebook.com/CashlessCatalyst/\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"linkedin\" href=\"https://www.linkedin.com/company/13221050?trk=tyah&amp;trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A13221050%2Cidx%3A2-1-2%2CtarId%3A1476420479247%2Ctas%3Acashless%20catalyst\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"twitter\" href=\"https://twitter.com/cashlesscatalys\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][kleo_icon icon=\"youtube-play\" href=\"https://www.youtube.com/channel/UChuc38_PfawDOu44IfYS4lw\" target=\"_blank\" padding=\"15px\" icon_color=\"#ffffff\"][/vc_column][vc_column width=\"1/4\"][/vc_column][/vc_row]', 'Incubator', '', 'inherit', 'closed', 'closed', '', '11186-revision-v1', '', '', '2019-02-06 11:02:48', '2019-02-06 11:02:48', '', 11186, 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