Mumbai — Innoviti Technologies Pvt. Ltd., India’s leading payments-centric retail SaaS platform for enterprise brands and their SME channel partners, participated as the AI-Powered Payments Partner at RAI ReTechCon and the RAI CFO Summit 2026, hosted by the Retailers Association of India (RAI), India’s apex association for retailers.
Moderating the Summit’s flagship panel, “The Next Balance Sheet,” Innoviti shared a simple idea: The payment stream a business generates is a powerful growth fuel. Read well, it can help – guide where consumer demand is heading, determine whether every rupee billed is reaching the bank at the contracted cost, and how can the collection cost be improved? Innoviti showed how AI can turn everyday payments into growth, revenue assurance, and collection efficiency.
Grow revenue with confidence — Sanketdigital.ai
Growth starts with knowing where demand is heading. Sanketdigital.ai, the platform behind the RAI-Innoviti SANKET index, answers: What are consumers buying? Where are they buying it? How are they paying for it? Running a 27-billion-parameter Qwen model on a sovereign, in-house NVIDIA H100 cluster (data stays in India, DPDPA-compliant), it reads 50M+ purchase points across 2,800+ towns and 10,000+ pin codes.
Run with efficiency — SPARCSRAS.AI
At RAI ReTechCon, Girish Varadarajan, Chief Data and AI Officer, Innoviti, demonstrated SPARCSRAS.AI, an AI-powered platform designed to help retailers identify revenue leakage and automate reconciliation. Built on Innoviti’s proprietary, sovereign AI stack, SPARCSRAS.AI checks every bill, payment and bank credit against contracted terms automatically, in seconds — so teams can answer with certainty: Is every rupee you’re owed reaching your bank account? Are your MDR deductions as per contract? How much will banks credit next day? It assists finance team in supporting business to expand new payment cases while maintaining perfect control on reconciliation. recovering ~₹3 crore of margins and ~60,000 hours a year for a ₹1,000 crore business.
Save on every payment — UPI-First Checkout
UPI-First Checkout works on a single principle: while you can’t lower UPI MDR itself, you can significantly reduce your total MDR by shifting shoppers from cards to UPI. By featuring a dynamic, branded QR code on a large customer-facing display, it gently guides buyers toward the lower-cost digital tender—saving up to ₹2.8 crore annually for a ₹1,000 crore business—while keeping cards available as a fallback and opening a prime branding surface right at the moment of payment. Four of India’s top retailers are already piloting the solution.
Built for business growth
These propositions sit on Innoviti’s core platform:
● innoviti unipay: India’s leading revenue assurance software, powering 18 of the top 20 retail enterprises in the country across 2000+ cities.
● innoviti genie: Sales acceleration software bringing together brands, merchants, and issuers across 10,000+ local electronics and mobile merchants, helping them accelerate growth by 8 to 10%.
● innoviti link: India’s highest-rated payment links app, rated at 4.9* on App Store and Play Store, enabling more than 30,000 local merchants to expand their presence.
Backed by RBI authorizations to operate as a Payment Aggregator for both online and physical (in-store) payments, Innoviti continues to help local businesses gain more value from every transaction than possible otherwise.
Executive Commentary
“We ran it live at our Experience Counter — we invited business and finance leaders to bring their own reconciliation question and showed the answer on the spot. Seeing how it can assist their finance team enhance claims management, several agreed to get started with pilots at the conference. “
— Girish Varadarajan, Chief Data and AI Officer, Innoviti Technologies Pvt. Ltd.
“Financial governance in modern retail means moving from retrospective month-end reconciliation to real-time, automated control. By automating multi-bank audits, uncovering hidden leakage, and reducing payment processing overhead, we help retail finance leaders do not only gross reconciliation, but also net reconciliation, and manage claims.”
— Ramdas Parameswaran, Chief Financial Officer, Innoviti Technologies Pvt. Ltd.
***