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Oct 5, 2023

PayCLT: Sushil Prabhu, CEO Dropp — Micropayment Economy

Sushil Prabhu will discuss the unexplored micropayment economy and how it remains significantly underserved in the digital payments world.

PayCLT is excited to welcome Sushil Prabhu, CEO of Dropp to present how the Micropayment economy remains significantly underserved in the world of digital payments.

Micropayments, often referred to as the small-value payment sector, remain significantly underserved in the world of digital payments. This vast domain is ripe for innovation, especially since most groundbreaking developments have centered around credit card systems. In this webinar, the visionaries behind Dropp, Inc. (a pioneering micropayment firm) will highlight the importance of crafting a solution for minor transactions. This is particularly critical for the digital services and connected devices industry, revealing uncharted opportunities. With the emergence of new banking infrastructures from The Clearing House and FedNow, coupled with advancements in security and digital currencies within distributed ledger technologies, the banking industry has the potential to create pay-through-bank solutions. These alternatives challenge traditional card payment and stand as the most practical choice for everyday micropurchases, both online and in-person payments”.

Sushil has been a technology leader, innovator, and entrepreneur for over 30 years. He is the CEO and co-founder of Dropp, a digital micropayment platform. Before Dropp, he spent 17 years as CEO and co-founder of OpenCrowd, a Fintech product innovation firm helping Investment banks and fintech startups build and launch products.

Before co-founding OpenCrowd, Prabhu was the Chief Technology Officer of Scient, one of the fastest-growing Internet Services public firms in 2000. Sushil was responsible for architecting and building online banking and peer-to-peer payment systems for major global banks. He was also Director of Technology for Cambridge Technology Partners, the most successful client-server distributed technology services firm in the 90s.

The event will be held virtually via Zoom: https://us02web.zoom.us/j/3948703673


October 5, 2023
5:00 pm - 6:00 pm
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