7 Merchant Wallet Account Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Merchant Wallet Account

Here are some real life success stories of starting a merchant wallet account:

1. shurjoPay ($24M/year)

Fida Haq, the MD and CEO of shurjoPay, came up with the idea for the online payment gateway in 2009 while managing an ATM network in Bangladesh. Recognizing the challenges faced by the e-Commerce sector in the absence of a local payment gateway, Haq decided to create shurjoPay to facilitate online payment collection for merchants. Since its launch, shurjoPay has become a key player in the industry, averaging a transactional volume of $1.5 million per month with over 600 merchants onboarded.

How much they make: $24M/year
Current team size: 150

How We Developed A $1.5M/Month Online Payment Gateaway

Bangladeshi MD and CEO Fida Haq established shurjoPay in the e-Commerce sector in 2010, a payment gateway as a merchant service provider so MSMEs could accept online payments in a country that lacked such a solution; now averaging $1.5M in transactions per month with 600 merchants, and expanding services with QR-based payments and payment links.

About

Fida started shurjoPay over 13 years ago

Revenue

Fida grew the business to $2M/month

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Starting A Merchant Wallet Account: Everything You Need To Know

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So... can you actually make money with a merchant wallet account?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Paytm Shop

PaytmKaro for instant payments via UPI using any bank account (No KYC needed) or Paytm wallet. Download App and link to UPI. Do Mobile prepaid recharge, Utility bill payments, DTH Recharge for Airtel, Sun Direct, Tata Sky, Dish TV. Also Book Movie, Events & Travel tickets on Paytm.

How much they make:
Current team size: 752
Website traffic: 8.34M/month

5. WebMoney — Universal Payment System

WebMoney Transfer is a global settlement system and environment for online business activities

Where they're located: Dighalia, Dhaka Division, Bangladesh
Website traffic: 2.35M/month

So... can you actually make money with a merchant wallet account?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Braintree

Reach more buyers and drive higher conversion with an online payment solution that processes PayPal, Venmo, credit and debit cards, Apple Pay, and Google Pay.

Website traffic: 500K/month