Celebrating 20th Anniversary of Sarvatra Foundation Day

Sarvatra Technologies just turned 20 years younger!

It is indeed a proud and gratifying moment for the entire team to look at the incredible journey we have had. Packed with opportunities and challenges, the journey hasn’t been easy but having traversed one mile at a time, we have indeed come a long way together to become what we are today – India’s No.1 Payments Platform Provider.

While there has been a big revolution in the Indian banking sector over the years, India lags behind most major economies in terms of access to banking as a service. Similarly, while a majority of Indians residing in the urban part of the country had taken up digital payment channels, rural Indians were a distant second in the rung.

‘Sarvatra’, meaning universally present, was an idea I conceptualised for banking as a function. We envisioned making banking solutions ubiquitous and accessible to all, thereby driving the macro agenda of ‘financial inclusion’ for India. At Sarvatra, we believed this condition pre-empted financial inclusion in a big way and that is what motivated us to adopt a ‘rural-first’ approach. We aimed at bridging the digital divide between the urban and rural population by digitally enabling cooperative banks with a variety of financial services at an affordable price.

It is truly heartening to see the widespread role our technological solutions have played in empowering the lives of millions of Indians. From being the only technology provider for co-operative banks in Telangana and Andaman & Nicobar that allowed locals to use their debit cards across the country, to providing ATM van facilities to 3,000 pilgrims, to facilitating e-commerce services at the last mile in rural India and aiding cash withdrawal worth crores during lockdown, Sarvatra has always strived to stay ahead of the technological curve and fulfil the national agenda of digitisation.

Today as we speak, Sarvatra Technologies services 600+ banks across 30 States & UTs of India, issued 1.5+ crore debit cards, manages 1 crore transactions per day and is offering UPI/ IMPS switches to the country’s leading banks.

All of this would have not been possible without the passion and dedication of a strong family of 250+ who have together achieved innumerable milestones—many ahead of schedule—all with the strong focus of building Sarvatra Technologies into what it is today: India’s premier technology solutions provider for banks, financial institutions, and payment apps.

We have come a long way and we have miles to go. We will endeavour to continue evolving and growing as we pave the way for seamless and undisrupted banking.

I announce our commitment to a digitally inclusive future for India!

Best wishes,

Mandar Agashe
Founder, Managing Director & Vice Chairman
Sarvatra Technologies

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I am happy with the pace of work (in developing the UPI solution for ICICI Bank). It is also very encouraging the way you are tracking the progress. I am more confident that we can meet the deadline successfully.

Rahul Joshi
Former Head - Digital Channels, ICICI Bank Ltd.

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