Dropp. The Power & Potential of Micropayments.

  You’ve seen the signs at coffee shops and delis: minimum credit card charge: $10. You’ve also likely been informed by hairdressers, gas stations and doctors’ offices that you’re able to use your credit card,...

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You’ve seen the signs at coffee shops and delis: minimum credit card charge: $10.

You’ve also likely been informed by hairdressers, gas stations and doctors’ offices that you’re able to use your credit card, but doing so will be accompanied by an X% ‘convenience’ fee. (Super convenient, right?)

Why?

Because using credit cards is expensive for merchants.

It is so expensive, in fact, that purchases under $10 aren’t worth the trouble.

Up until now this has created a barrier, both online and off, to micropayments – transactions so small that they can even be a fraction of a cent. 

Today we’re speaking with Sushil Prabhu founder and CEO of Dropp, about his revolutionary micropayment platform, the world’s first cost-effective digital micropayment transaction platform enabling payments both in $USD and crypto-currency.

Topics discussed include:

How Dropp is able to provide merchants with significantly lower transaction costs than credit card companies.
Why Dropp is building their business by focusing on merchants first.
How the impact of open source technology served as the inspired the creation of Dropp.
Why lowering the barrier to entry, inherent in the advertising and subscription business models, will spur innovation and growth.
How Dropp maintains consumer privacy while simultaneously providing merchants with an opportunity for deeper engagement .

Sushil Prabhu has been a technology leader, innovator, and entrepreneur for the past 30 years. He has been the CEO of OpenCrowd for the past 16 years and is now the CEO of Dropp. As CEO of OpenCrowd, Sushil dedicated a significant amount of time consulting his clients on ways to best leverage advanced technologies to produce economic results.

Before co-founding OpenCrowd in 2005, Sushil was head of professional services at CXO Systems, where he was responsible for managing client delivery in the Business Intelligence space. Before joining CXO Systems, Sushil was chief technology officer (CTO) of Scient Inc, starting in 1998 as part of the initial Management Team. In this role at Scient (now Razorfish), Sushil delivered enterprise e-Business solutions for several leading financial services companies worldwide. Sushil played a critical role in growing the company to over 2,000 employees in less than three years, growing to an $8 billion market cap; this resulted in Scient becoming the fastest growing internet professional services company of the 1990s. Sushil was also responsible for architecting one of the earliest internet-based Peer-to-Peer payment systems for a top global retail bank. Before Scient, Sushil was Director of Technology for Cambridge Technology Partners (CTP), the most successful Client-Server, Fixed- Time, Fixed-Price Services company in the 1990s.

Sushil’s client delivery includes Morgan Stanley, JPMorgan Chase, First Union, Wells Fargo, Credit Agricole, Development Bank of Singapore, SC Johnson, CIBC, and AXA.

Sushil received his Bachelor of Mechanical Engineering, Masters in Mechanical Engineering, and Masters in Computer Science.

Dropp is a micropayment service for small transactions helping consumers to purchase small-value goods and services instantly without sharing personal details. Dropp maintains the privacy of purchases to the user, placing the consumer in complete control of their data. Dropp offers merchants a cost-effective platform to offer a pay-per-use option to their customers. Consumers can download Dropp on Google Play and the Apple Store; it is also available on Google Chrome, Safari, Microsoft Edge and Mozilla Firefox.

Sushil Prabhu

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Dropp

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Note: Subsequent to conducting this interview Gabriella Mirabelli was invited to join Dropp’s advisory board. She accepted the invitation and is now part of their advisory team.

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