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Our merchant network grew by 34%, digital payments adoption grew by 250% in 2020: Harsh Pokharna of OKCredit

Digital ledger or khata app OKCredit added nearly 7 million new merchants to its network in the last year, as businesses like kirana stores and small merchants turned to digital solutions for their daily operations. "Our merchants added over 70 million new customers in 2020, their adoption of digital payments has increased by 250%," Harsh Pokharna , co-founder and chief executive officer, OKCredit told MediaNama. OKCredit was founded in 2017 by Pokharna , Gaurav Kumar and Aditya Prasad, three graduates from IIT Kanpur. The flagship bookkeeping app 'OKCredit' is one of many business software services that the company has built to help formalise small-medium businesses (SMBs) across the country. Merchants can maintain a digital ledger of all their sales and accounts, accept digital payments and also send payment reminders to customers. Soon the company's merchants will be able to set…

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Reports on banking, payments, fintech and crypto-curencies. Additional reporting on media regulations, data protection and other areas.

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