Payment solutions provider, Innoviti Payment Solutions announced the appointment of former Future Group and Croma senior executive, Hemant Taware to its senior management team as the Chief Business Officer for the merchant ecosystem.
Heamant is a retail industry veteran with over 25 years of diverse experience in direct sales, marketing, and operations across sectors like Food & Grocery, Apparel, CDIT & Telecom. Until recently, he was the Strategic Planning & Business Development Head at Future Group where he has been instrumental in orchestrating change management in their design & build function.
On his appointment, Hemant stated, “I’m very excited to be joining Innoviti’s team at a crucial time when the company is poised to aggressively grow its pioneering industry-leading software solutions in the digital payments space. Innoviti’s technologies have been at the forefront of setting new benchmarks for how retail businesses can extract more out of a payment transaction by adding intelligence to it. This is helping retail businesses transform their payment acceptance processing infrastructure into genuine drivers of business growth in today’s tough economic environment.
Prior to his stint at the Future Group, Hemant handled leadership roles at some of India’s marquee retail organizations such as CEO at HyperCITY Retail, Chief of Operations at Croma, COO at The Mobile Store and General Manager at ABRL.
Across India Innoviti processes over $5Bn of payments annually from over 1000+ cities, processing over Rs. 35,000 Cr of payment transactions, about 5% of all offline merchant payment transactions in India. Its payment solutions help merchants, banks and brands influence commercial transactions happening in offline commerce more efficiently than possible otherwise, through an unconventional use of payment terminals. With Hemant’s appointment, Innoviti will be hoping to leverage his experience to further its goal of building a world-class payments company by bringing senior talent from user industries to strengthen its expanding eco-system of payments linked value-added services for retail merchants.