Ankit Beniwal

About Ankit Beniwal

I’ve always been fascinated by how the right product can quietly change the way we live, work, and pay. That curiosity took me from engineering labs at IIT Delhi to leading multi-billion-dollar product initiatives in fintech.At ICICI Bank, I turned product strategy into measurable outcomes—securing $2B in payment gateway business, launching a Mastercard-powered digital payments platform processing $100M+ in transactions, and improving merchant acquisition & retention by optimising onboarding funnels and payment operations. Every win came from the same belief: great products start with deep customer understanding, then scale through precise execution.Before fintech, I built my foundation in program management and operations at Hero Motors, where I owned multi-million-dollar manufacturing projects across Europe and India—enhancing production capacity, quality, and process efficiency.Today, I combine product strategy, digital payments expertise, and data-driven decision making to build scalable, user-centric solutions. Skilled in UPI, payment gateways, merchant growth and product analytics. I’m committed to creating financial products that deliver both user delight and business growth.Let’s connect if you’re passionate about building impactful products, fintech innovation, or driving product growth and go-to-market success—whether in big tech, high-growth startups, or new ventures.

Experience

1. Product Manager

   ICICI Bank

   Sep 2023 — Present · Mumbai, IN

   Merchant Ecosystem Payment Gateway - Product team Owned the $2B+ annual ONUS TPV merchant acquisition strategy through competitive benchmarking and direct merchant discovery interviews, aligning cross-divisional stakeholders across independent business verticals to consolidate platform requirements and drive adoption. Generated $100M in incremental annual ONUS TPV by launching a custom Payment Gateway with Mastercard from 0→1, owning the PRD and MVP definition, conducting user interviews, negotiating with external TSP vendor, and aligning cross-divisional teams across card issuers, sales, and compliance. Reduced UPI transaction SMS notification failure rate from 7.4% → 0.9% via user interviews and root-cause analysis — ensuring merchants receive instant payment confirmation, directly cutting churn. Grew active UPI merchants by 15% by optimising the digital onboarding funnel and aligning product with sales operations. Led bank-wide Digidhan scoring & reporting for DFS compliance, automating data & logic to cut errors and cycle time, boosting cadence and score, presenting to the Executive Director and Board.

Education

• Indian Institute of Technology, Delhi

  Bachelor of Technology - BTech