January Milestones: SVC Bank Went Live With iServeU Merchant Acquiring Solution, 2000+ Soundbox Terminals Deployed, Transcorp International Onboarded As Issuer
January reflected steady progress across infrastructure powering merchant acquiring and payment operations.
SVC Bank Goes Live with iServeU's Acquiring Infrastructure
By deploying 2,000+ soundbox terminals
across merchant network, iServeU delivered end-to-end
merchant acquiring for SVC Bank
Implementation Highlights includes:
Merchant onboarding enabled via seamless digital activation
Soundbox onboarding with instant device provisioning
Terminal mapping and activation executed via zero-touch deployment
QR codes generated to support a unified payment ecosystem
QC and dispatch managed with end-to-end logistics
24×7 post-dispatch support is provided
End To End Merchant Acquiring Solution
iServeU has evolved from soundbox-only deployment to delivering complete merchant acquiring infrastructure. Previously, clients operated their own UPI switches while iServeU handled soundbox onboarding and logistics. Now, backed by bank partnerships, iServeU provides end-to-end merchant and UPI onboarding, dynamic QR generation, native soundbox integration with real-time UPI callbacks, plus white-label admin portals and dedicated merchant applications for reports, and transaction visibility.
Onboarded Transcorp As An Issuer
Expanding our issuing capabilities, we’ve onboarded Transcorp International Limited as an issuer for gift card programs. This partnership enables instant card issuance, real-time fund loading, and seamless activity monitoring, eliminating T+1 settlement delays that slow down enterprise operations.
Industry Recognition
iServeU gained international visibility as CEO Debiprasad Sarangi appeared on IBS Intelligence’s podcast, “The Pipes Behind India’s Digital Money Machine.” The episode highlighted iServeU’s critical role in reclaiming the merchant frontier amid the rapid rise of TPAPs, especially across Tier 1 and Tier 2 cities.
Awards and Recognition
iSwara Soundbox awarded “Best Enterprise Product or Service (Silver)” at the 16th India Digital Awards 2026, organised by IAMAI. As a part of the recognition, iServeU’s CEO Debiprasad Sarangi and CBO Abinash Nanda presented a case study demonstrating how our flagship product, iSwara is transforming the payments ecosystem.
iServeU participated as a Knowledge Partner at SAIARD’s National Symposium on Fintech themed “Fintech for Viksit Bharat: Digital Transformation for Financial Inclusion”. CTO Sanjib Parida led panel discussions on “Innovation in Action,” emphasizing iServeU’s role in helping banks reclaim the merchant frontier through end-to-end solutions (POS, soundbox, merchant mapping) and UPI-integrated lending.
