In a groundbreaking move to strengthen India’s innovation ecosystem, Paygic (Paygic Innovations Pvt. Ltd.) has launched a pioneering initiative: completely zero-cost payment transactions for all startups officially recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).
This initiative is designed to support the Government of India’s ‘Startup India’ mission by removing a major financial hurdle for early-stage innovative companies. By waiving transaction fees across its UPI and other payment solutions, Paygic is providing startups with a unique opportunity to reinvest 100% of their revenue into product development, talent acquisition, and market expansion.
To be eligible, startups must hold an active Certificate of Recognition from DPIIT, awarded to companies working towards the innovation, development, or improvement of products, processes, or services with strong potential for employment generation or wealth creation.
“India’s innovative startups are the engines of our future economy. As a fintech company built on innovation, we understand the challenges they face, where every rupee saved is a rupee that can be spent on growth,” said Abhay Yadav, Co-Founder & COO of Paygic. “By offering zero-cost transactions, we are not just providing a service; we are investing in their success. We believe this initiative will empower thousands of visionary entrepreneurs to scale faster and compete globally.”
This initiative arrives at a time when both the government and private sector are increasingly focused on creating a supportive financial ecosystem for new Indian businesses. By addressing a key operational expense for startups, Paygic is providing a tangible advantage that goes beyond traditional banking solutions.
Key Benefits for DPIIT-Recognised Startups:
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Zero Transaction Fees: Full waiver of all transaction charges to maximize profitability from day one.
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Boosted Scalability: Process unlimited transactions without concerns about payment-processing costs.
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Capital Reinvestment: Redirect operational savings towards core innovation and growth initiatives.
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Seamless Onboarding: Fast-tracked registration for all verified DPIIT-recognised startups.
Paygic invites all eligible startups to apply for the program via its website.
About Paygic:
Paygic (Paygic Innovations Pvt. Ltd.) is a leading Indian fintech company specializing in advanced UPI and digital payment solutions for businesses. With a focus on robust technology, fast onboarding, and 24/7 technical support, Paygic is committed to empowering Indian businesses of all sizes to transact securely and efficiently.
Contact Information:
📧 Email: contact@paygic.in
🌐 Website: paygic.in
