• Hannah Phillips

Aussie Startup FARMpay Travels to India

NSW financial technology (fintech) startup FARMpay has joined seven other companies this week on a business program in India, with NSW Government support.

Wayne had the story on the Morning Show.

Member for Wagga Wagga Daryl Maguire said: “It’s fantastic that the NSW Government is supporting a regional startup like FARMpay to participate in this really special opportunity to develop knowledge and foster closer links within the agricultural sector in India.

“FARMpay is a great Riverina company that has developed data transfer and rapid payment software to help farmers better manage their supply chains, reducing payment times from in excess of 30 days to as little as 3 days."

FARMpay co-founder and trip participant Luke Gaynor said there is a strong need for the technology in India’s huge agricultural sector.

“The program will allow us to increase our knowledge of the Indian grain supply chain including current pinpoints and barriers and we’ll also be able to leverage our key partnership with VISA to facilitate further introductions into Indian and Asian markets."

For more local stories from the rural sector, join Wayne on Flow FM Morning Show, Monday to Thursday from 10am.