Event
Innoviti is an AI-Powered Payments Partner at the Kochi Retail Summit 2026, hosted by the Retailers Association of India (RAI) in association with the Kerala Management Association. Stop by our booth to discover how SparcsRAS.ai helps retailers simplify multi-store payment reconciliation and revenue assurance through conversational AI.
Organised by RAI in association with the Kerala Management Association, the Kochi Retail Summit brings retail leaders, industry experts, and technology innovators together to explore emerging industry trends. In 2026, the focus spans technology innovation, digital transformation, branding strategies, and e-commerce in modern retail. Innoviti participates as an AI-Powered Payments Partner, bringing its payment-led retail SaaS platforms and AI-powered revenue assurance capabilities to the event.
Under the new UPI MDR framework, specified person-to-merchant UPI payments above ₹2,000 will attract MDR once implementation begins. Small merchants receiving up to ₹1 lakh per month through UPI QR codes under the P2PM category will continue to have zero MDR. For multi-store retailers handling high UPI payment volumes, this introduces additional reconciliation requirements alongside card-based MDR, gateway fees, and settlement cycles.
Card MDR discrepancies, reconciliation delays, and hidden overcharges already place pressure on finance teams. The new UPI fee structure adds to that workload. Without automated reconciliation, verifying the correct charges across applicable transactions can become increasingly complex.
Innoviti RAS brings payment and reconciliation data together to help retailers track the revenue their business is owed. SparcsRAS.ai provides a conversational AI interface to this data, enabling finance teams to ask questions in everyday language and uncover insights that might otherwise go unnoticed.
Ask: "Has the bank charged the correct MDR for every transaction; if not, what is the gap and where?" or "Has the bank missed crediting the amount for any transaction?" or "Are there transactions for which payments have not been received?" SparcsRAS.ai uses payment and reconciliation data to provide detailed answers across stores.
From reconciliation accuracy and fee audits to identifying missed credits and settlement gaps, Innoviti RAS helps finance teams identify exceptions across payment operations. SparcsRAS.ai makes this information easier to access through conversational queries.
Innoviti RAS is designed for enterprise retail environments, bringing together payment and reconciliation data across stores, payment modes, and acquiring banks while working alongside retailers' existing payment infrastructure.
SparcsRAS.ai helps finance teams move from manually analysing large volumes of payment data to asking questions in plain English and quickly identifying exceptions that require attention. Visit the Innoviti booth to find out more.
Topic
Automated Revenue Assurance in Multi-Store Retail Operations
See a live demo of how SparcsRAS.ai helps simplify reconciliation, MDR audits, settlement monitoring, and revenue assurance across multi-store retail operations.
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