Mani Mamallan
Mani Mamallan is the Founder, Chairman & Managing Director of Electronic Payment & Services Pvt Ltd (EPS). With a vision ‘to be the leading technology solutions provider across channels in the retail banking and payments system segment’, he along his wife Vidya Mamallan founded EPS in 2011. Before founding EPS, Mani spearheaded a set of crucial payment projects for the country, through his three-decade of rich experience gained in developing technologies and services around Payment Systems, Retail Banking, Organization Development, Banking Outsourcing and shared networks.
His expertise in digital payment industry led him achieve benchmark projects. Since 1996, Mani has been associated with the ATM industry, when he deployed the first seven ATMs for UTI Bank. His achievements at UTI bank included setting up the bank’s ATM Switch, IP Network, etc. In 1998, he swi tched his career from banking to nonbanking and joined a company known as India Switch Company (ISC) as Chief Operating Officer (COO), which was then setting up an ATM network for all the banks together. Mani was highly instrumental in initiating and implementing Swadhan, the first shared payment network in India, promoted by Indian Banks’ Association (IBA) for their member banks. During his stewardship, the company’s network grew from 30 ATMs to 1,300 ATMs at a time when the country hardly had 2,000 ATMs in 2003.
He later moved on to join Financial Software and Systems (FSS) in 2004. During his stint, he spearheaded activities in the payments systems domain, and set up FSSNeT, which was the outsourcing wing of FSS. In 2007, he joined as Chief Marketing Officer (CMO) in C-Edge Technologies, which was a JV between SBI and TCS, where he conceptualized the implementation of a revolutionary transaction based – ‘ATM Outsourcing Model’ and worked till 2010, before he founded EPS in next year.
Having started his career as a banking officer in Punjab National Bank in early 80’s, he has come a long way to establish himself as one of the coveted entrepreneurs in the country. Since his banking days, he has this quest to fathom-in technologies or developing systems for the banking industry to make the processes safer, easier and faster. What just started with a small idea to set up an ATM services firm is now blossoming out into a new-age Payments system company with a revenue of above Rs 350 crore that is aiming towards processing various contemporary banking operations with a futuristic approach.
He has been acknowledged as ‘The Architect behind Indian ATM Systems’ and honored with the ‘Entrepreneur of the Year 2015’ award by Silicon India, whereas EPS received the ‘Best ATM Managed Services Provider’ award at Payment & Cards Awards 2016, India. EPS was the 1st Board Member (India Chapter) of the global ATM Industry Association (ATMIA) in 2015 and Mani Mamallan was elected as the international ‘ATM Industry Champion’ from India, by ATMIA in April 2016. EPS received the ‘ATM Consultant of the Year 2015’ award by Consultants Review, India and recognized with ‘Best ATM Services Provider 2015’ award at Financial Inclusion & Payment Systems (FIPS) Conference & Awards, India. He has been recognized as Chairman of Payment Solutions 2022 award.
Mani has been a global speaker and an active member on various recognized forums and associations including – Regional Board member of ATMIA, Payments Council of India (PCI), Internet and Mobile Association of India (IAMAI), Confederation of Indian Industry (CII), and acts as an advisor to the National Advisory Committee (NAC) of IBEX India. Recently, The Economic Times Leadership Council has recognized him as one of the visionary leaders in the country in their coffee table book.
He is an avid reader and passionately follows political development around the world. More than this, he loves mentoring EPS team members and banking professionals on a regular basis. He has studied Bachelor of Science (zoology) from Madras University. His life’s principle is- ‘To Give More’ and he lives by it.