{"id":6455,"date":"2021-09-08T13:32:36","date_gmt":"2021-09-08T08:02:36","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=6455"},"modified":"2025-03-25T10:00:21","modified_gmt":"2025-03-25T04:30:21","slug":"how-razorpay-partner-program-enabled-nit-services-to-expand-its-service-footprint-by-60","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/how-razorpay-partner-program-enabled-nit-services-to-expand-its-service-footprint-by-60\/","title":{"rendered":"How Razorpay Partner Program Enabled NIT Services to Expand its Service Footprint by 60%"},"content":{"rendered":"

The move from cash to cashless is transforming the way consumers interact with businesses. Modern consumers want a comprehensive, safe and easy-to-use shopping experience. That\u2019s the push that made digital payments<\/a> de rigueur across all business sectors – even in ones that were considered a challenge to digitize a decade ago. Take the retail sector, for instance, where payment gateways today are a crucial link in its value chain. However, this switch didn’t happen overnight. Technology enablers, like NIT Services, have been silently, yet relentlessly, working to bridge the digital divide.\u00a0<\/span><\/p>\n

Here\u2019s how NIT Services is helping millions of retail shops in rural India reach online customers with the help of the Razorpay Partner Program.\u00a0<\/span><\/p>\n

Taking Indian Retailers Online<\/span><\/h2>\n

The retail market in India is worth $972 billion, according to EY estimates. Roughly 84% of this market belongs to unorganised tiny retail stores. Online giants like Amazon, Walmart and Future Retail are already vying for their share of the market, while businesses like DMart have the advantage of a large retail network on their side. Despite this, offline retail stores have carved a space for themselves in the heart of the hyper-local. According to Nielsen data, over 12 million kiranas remain a preferred shopping choice for a majority of Indians even today.\u00a0<\/span><\/p>\n

Last year, when COVID-19 forced nationwide lockdowns, these conventional family-run neighbourhood retail stores, painstakingly met emergency, fill-in and stock-up requirements. But, it wasn\u2019t easy. While stocking and lack of logistical infrastructure were big challenges, the most critical barrier proved to be visibility. Most of these businesses were ill-equipped to reach their regular customers that were now holed up within their homes.<\/span><\/p>\n

Not surprisingly, there were casualties. Hindustan Times reports that at least 20 per cent of Indian retailers have shut their businesses due to COVID-19. Over 600,000 kirana stores shut down in the first two months of the lockdown in 2020.<\/span><\/p>\n

As Indians spent more time and money online, the organized retail sector also posed a growing threat in terms of business volume and margins. That\u2019s when digital enablers like NIT services acted as a beacon of hope and helped simple retailers become e-tailers.\u00a0<\/span><\/p>\n

Bridging the Rural Retail Divide with Razorpay<\/span><\/h2>\n

Hirendra Kumar, founded <\/span>New India Transaction Services<\/span><\/a> (a.k.a NIT Services) in March 2019 with a vision to include rural retail businesses in India\u2019s mainstream economy through digital services like AEPS, DMT and VAS services.\u00a0<\/span><\/p>\n

The plan was simple: help rural retail shops find a way to accept online payments<\/a>.\u00a0<\/span><\/p>\n

Kumar found Razorpay\u2019s QR Codes was the simple, affordable and secure solution that would help his company push the envelope for rural retailers. \u201cIt took me just one meeting to get convinced to implement Razorpay QR Codes (for rural merchants) and <\/span>Razorpay Payment Gateway<\/span><\/a> (for urban retailers). Now, I\u2019ve been a part of the <\/span>Razorpay Partner Program<\/span><\/a> for two and a half years. I still believe in the products a lot. I think they have the power to transform the entire market in the coming years,\u201d says Kumar.\u00a0<\/span><\/p>\n

Scaling Faster with Razorpay Partner Program<\/span><\/h2>\n

\"\"Kumar and his team started out by onboarding and training retail shop owners in Bihar, Jharkhand, West Bengal and Odisha. \u201cIn the last couple of years, we faced operational hiccups as we solely depended on the support of third-party vendors to onboard merchants. That\u2019s when we decided to also take things into our own hands,\u201d says Kumar.\u00a0<\/span><\/p>\n

NIT services then hired and trained in-house<\/span> executives to expedite the onboarding process, helping the company scale up. As a Razorpay partner, Kumar received priority support in onboarding and troubleshooting to aid his expansion plans. \u201cBack in the days, it took us 15 to 20 days to activate a single merchant, which was a major roadblock. Now, every merchant starts accepting online payments within 2 days of onboarding. Apart from that, we have also empowered a few merchants with <\/span>Smart Collect<\/span><\/a> and <\/span>Subscriptions<\/span><\/a>. Then routing is there, more importantly, QR codes, which any merchant can use – whether he is in the remote sector, suburban or urban.\u201d<\/span><\/p>\n

\u201cIn the last 4 – 5 months, we received tremendous support from the Razorpay partnership team. We have now grown our merchant base by almost 60 per cent. We still work with few vendors, but mainly we do it on our own through our employees and distributors. With the help of R\u200b\u200bazorpay partner dashboard, we onboard and manage the mother dashboard, and the retailers have their own dashboard,\u201d Kumar explains.\u00a0<\/span><\/p>\n

After some basic handholding and training that lasts up to 10 days, retail merchants that didn\u2019t even own email addresses, are able to accept and manage online payments. Encouraged by the rapid pace of growth, NIT Services now wants to tackle urban retail merchants. \u201cThanks to our partnership with Razorpay, we have achieved 45% YoY revenue growth since 2019. Now, we are planning to grow our merchant base by another 150 percent within the next quarter.\u201d\u00a0<\/span><\/p>\n

Today, <\/span>Razorpay Partner Program<\/span><\/a> supports more than 60,000 partners across India. Each Razorpay partner enjoys lucrative commissions and a fixed referral bonus<\/a> of up to Rs 500 on each successful referral.
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Join the Razorpay Partner Program!<\/a><\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Find out how SMEs like NIT Services are empowering the Indian retail sector with digital payments matters with Razorpay\u2019s Partner Program.<\/p>\n","protected":false},"author":64,"featured_media":6459,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[282,26],"tags":[212,142,141,145,208],"class_list":{"0":"post-6455","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-partnerships","8":"category-payments","9":"tag-case-study","10":"tag-partnerships","11":"tag-razorpay-partner-program","12":"tag-razorpay-partnerships","13":"tag-reseller-partners"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/6455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=6455"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/6455\/revisions"}],"predecessor-version":[{"id":20279,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/6455\/revisions\/20279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/6459"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=6455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=6455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=6455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}