Vidcom Business Solution

Remember the days of long queues at banks? Are you also tired of the traditional banking system? Thanks to fintech innovations, we can now manage our finances with just a few taps on our smartphones.

The global fintech market will reach trillions of dollars in the coming years. The increasing adoption of digital payments, technological advancements, changing consumer behaviors, and financial services resulted in this rapid growth. Vidcom Business Solution Private Limited is here to revolutionize how you manage your finances, one innovative solution at a time, helping businesses across India.

Vidcom Business Solution Private Limited is designed to drive the banking transformation in India. Founded on 12th April 2021 by the visionary entrepreneur Mohammad Tarik, Vidcom is a DIPP-certified fintech company listed under the Government of India’s Startup India program. Vidcom has become a leader in the fintech industry.

They aim to help businesses through innovative services that simplify complex processes and give measurable results.

Their easy-to-use operational application helps retailers smooth operations with services like DMT, AEPS, MATM, CMS, CC Payments, Travel Services, Recharge & Bill Payments, and many more banking transactions. They provide the above services with proper cybersecurity services that safeguard businesses from evolving threats. From threat detection to data encryption, they are customizing solutions to protect the customer’s sensitive information.

Currently, they are providing banking services across India, including more than 19k mapped pin codes, and their employee base is more than 500 and highly increasing day by day. They are closely working with clients to design and implement banking strategies.

In the spotlight is Mohammad Tarik, the co-founder & CEO of Vidcom Business Solution Private Limited. In our exclusive interview for the “The 10 Most Impactful Leaders To Watch In 2024” edition, Tarik shares his inspiring journey, insights, and aspirations. Learn how his unwavering dedication, strategic vision, and entrepreneurial spirit have propelled Vidcom to new heights.

Prime Insights: Brief us on the origin story of the company.

The journey started as an organization in 2021 with the vision of being the largest player in the fintech industry, where we can build a large network to provide banking services at our doorstep. The journey was tough, but our founder team’s passion for making a positive impact kept it moving forward.

Prime Insights: How have you kept a balance between your personal life and professional one?

Balancing personal and professional life comes down to effective time management. I believe that making a clear set of priorities for personal activities can bring a balance between personal as well as professional life. To keep a healthy balance, I prioritize self-care and make time for going to live concerts and activities that recharge me for some time.

Prime Insights: Being a leader, is your story of struggle any different from others?

My story of struggle isn’t much different from others. Like most leaders, I’ve faced obstacles such as difficult times and making tough decisions. What I’ve learned through those struggles is how you are overcoming this difficult time. I believe leadership is not about overcoming your struggles but about guiding others through theirs.

Prime Insights: What kind of clients do you serve? Any special mentions?

Vidcom is working as a business correspondent (BC) for various banks. Fino, AEPS, and Airtel Payments Bank have been valuable clients for us. Our target business area is local kerana shops, medical shops, and other retail shop where people are doing their regular transactions. A special thanks to Fino Payments for being a great partner since starting the company.

Prime Insights: How do you keep up the pace with the changing market trends?

I stay updated with market trends and make it a priority to stay informed through continuous learning to keep up with changing market trends. I believe in building a culture of innovation that motivates everyone on the team to be proactive about monitoring and analyzing market trends. Also, I tell my team to share insights and experiences, creating an environment of open communication where we can adapt quickly to changes.

Prime Insights: Do you believe R&D is essential for the growth of the company?

Yes, R&D is essential for the growth of the company. R&D drives the creation of new products, services, and solutions that meet evolving customer demands. Without strong R&D, a company’s growth can be stagnant. It’s a long-term investment that can pay off by helping a company create better products.

Prime Insights: How necessary do you feel it is to keep your employees content? How do you ensure it?

Keeping employees’ content is crucial for the success of any organization. To ensure this, we focus on creating an open and inclusive work culture where feedback is encouraged and valued. We do regular open communication within the team to understand their needs and concerns. When employees feel that the company is thinking about their well-being and growth, they feel satisfied and committed.

Prime Insights: What are your thoughts on leader participation in the entrepreneurial world?

Leaders must engage with their team and be present in important decisions, but they also need to trust their team members to take ownership of their roles. The most successful entrepreneurs know when to step back and let their team lead while providing guidance and support. I believe in a balanced leadership approach.

Leaders need to participate actively in identifying new opportunities, experimenting with different approaches, and encouraging creative thinking within their teams.

Prime Insights: What message do you want to give to those leaders who give up on their dreams because of some stereotypes?

I would tell them that no stereotype has the power to define your potential. Leaders are not made based on labels—they’re made by their actions and their ability to inspire others. Every obstacle you face is a part of your journey to greatness. Stay focused on your goals and trust that your path is unique.

Prime Insights: What are the company’s plans?

In the future, our company will focus on expanding our reach in every corner of India, including remote areas where there is still a gap in banking transactions. We plan to increase our product offerings and improve our services to meet the growing needs of our customers. We aim to build a digital network where every retail shop must have a digital payment solution and not a single customer goes back without completing their requirements.

Prime Insights: What milestones and achievements does the company boast of?

We’ve experienced remarkable growth over the last few years. A significant milestone was our expansion into entering BC Model, which has played a key role in FI Business. Our company is honored with the Top 100 Impactful Business Award under the Financial Inclusion category. Vidcom is also a DIPP-certified fintech company listed under the Government of India’s Startup India program and has received several prestigious industry awards, including the 10 Most Promising Finance Companies in India 2022. Recognizing our excellence in the banking sector.

Prime Insights: How are you giving back to society (CSR)?

As part of our corporate social responsibility, we regularly make charitable donations. Our employees also volunteer their time at local shelters and food banks, and we encourage them to take part in community service. Each year, we hold a company-wide volunteering day where we donate both time and resources to support causes that matter to our team and community.

Prime Insights: Lastly, is there a message you would like to give to Prime Insights readers?

My message to the Prime Sight readers is “We all have the ability to make a positive impact. Whether it’s in our personal or professional lives. Every action counts. Stay committed to contributing in ways that uplift others. Small efforts, when done with intention, can create a major change.”