Indepay provides a partnership platform that provides value addition
to every aspect of a Banking Institution. From enabling banking
information services to bank's customers on Indepay's infrastructure
to merchant acquiring, card issuance and enhancing the bank's
reach to rural areas, Indepay offers end-to-end solutions to partner
banks.
Indepay offers the following solutions for banks
- Kiosk Based Information services to Banking customers
- Joint Issuance of Prepaid Cards to corporate and individual
customers
- Fully managed credit/debit card transaction acquiring infrastructure
for Banks
- Fully managed credit/debit card issuance infrastructure for
Banks
- Indepay Services to Banking customers on mobile banking interfaces
Banking Information Services
At Dedicated Kiosks
Indepay offers its infrastructure as co-branded
kiosks in various locations across India such as Airports, Railway
Stations, Malls, Corporate Buildings, Public areas, etc for
offering Banking Information services to bank customers
Bank customers that visit any of these kiosks
will be able to use the Indepay terminal (either as manned or
unmanned locations) as a limited-services ATM providing Bank
services. Some of the services that can be offered are
- Balance enquiry – users will be able to retrieve the
balance in their account.
- Account Summary – users will be able to obtain an account
summary for their account on the terminal
- Mini Statement - A mini statement comprising last few transactions
can also be obtained from the terminal and attached printer.
- Transaction Status – users will be able to view the
transaction status for a particular transaction on screen
- Account Statement – users will be able to view their
account statement on screen or request the delivery of same
through Email /Print
- Cheque Book delivery – User can request for a new cheque
book at the terminal
- Request Demand Drafts – customers can request for demand
drafts at the terminal and these can be delivered to them at
home
- Funds Transfer to any Bank Account
- Cheque Status Enquiry and Stop Cheque Facility
- Enquire on Term deposits and Loan Accounts
Joint Issuance of PrePaid
Cards
Indepay offers opportunities to banks to offer
co-branded prepaid cards to individuals and corporates.
Benefits to Banks
Indepay's co-branded prepaid cards can be used to leverage the
following opportunities for Banks
- Corporate Usage – prepaid cards can be used by corporate
houses to provide prepaid coupons to their staff for canteen
expenses and other related services. Using this relationship,
banks can gradually convert such corporate clients into bank's
core services such as salary accounts, corporate accounts, etc
- Usage at Bank Kiosks/ATMs – by enabling the use of
prepaid cards at Bank's Kiosks, Banks can use the footfalls
to cross sell banking services to such customers
- Usage at Organized Retail – by using the prepaid cards
at organized retail groups, banks can acquire the corporate
portfolio of the organized retail chain in addition to being
able to target specific organized retail consumers with bank's
products
Fully Managed Credit/Debit
Card Issuance and Transaction Acquiring Infrastructure
Indepay Networks own and operates it own payment
network for processing secure electronic financial transactions.
Indepay’s integrated electronic financial payment and
transaction processing solutions include credit and debit card
processing services; card issuing and merchant acquiring for
white label and card schemes for Visa, MasterCard and Amex;
Dynamic Currency Conversion (DCC); Remittance and Instant Money
Order; Financial inclusion; Comprehensive prepaid solution and
management services; Loyalty and cash collection through distributor
and bank channel.
At the core of Indepay’s operations is
a certified and robust infrastructure involved in the processing
of credit cards, debit cards, Smart Cards and Loyalty Cards
through Point of Sale (PoS). Indepay has set-up a world class
EFT/POS infrastructure linking thousands of merchant locations
and aims to increase transaction volumes in the market by bringing
more merchant establishments within the folds of electronic
data capture.
Indepay delivers a comprehensive range of payment
and transaction processing services including
Indepay provides certified Terminals, offered
to merchants for acquiring credit / debit card transactions
on behalf of the Bank and Indepay also offers the certified
technology platform for the entire acquiring infrastructure
wherever deployed.
as part of its managed services offering, Indepay
front ends the relationship with the merchant and is responsible
for Merchant acquisition, ME sign-up documentation & KYC.
Indepay also offers all front-end services like software maintenance,
terminal installation, terminal activation, merchant training,
consumable supply & merchant helpdesk, etc
The reconciliation and settlement is staged
on Indepay infrastructure while Bank acts as the settlement
bank for these transactions.
Credit/Debit Card Issuance
Using its existing Issuance Platform, Indepay
offers Credit/Debit card issuance services to Banks including
- Card Generation and Fulfillment
- Application Processing
- Application Scrutiny (for Charge & Credit cards only)
- De-duplication process (for Charge & Credit cards only)
- Scoring and application of automatic credit limits (for Charge
& Credit cards only)
- Decision Services for approvals
- Setting up of credit limit for card account
- Card Sourcing & Personalization
- Card Management Services including Data/ Transaction Management,
Billing and Statementing, Authorization Processing, Bad Debt
and Risk Management, Reward & Loyalty Programs, Dispute
resolution and Audit and Reconciliation
Indepay Services for Bank's
Mobile Banking Customers
Indepay offers the following services to mobile
banking customers and allows them to pay for such transactions
using their Bank account
- Utility Bill Payments
- Airline Tickets
- Railway Tickets
- Prepaid recharges for Mobile
- Prepaid recharges for DTH services
- Mobile Content (Ringtones, Wallpapers, Video, Games, etc)
- Movie Tickets
- Bus Ticketing
- Hotel Booking
- Insurance Premiums
Submit your sales inquiry online
and get a call back in as little as one day.
Need help? Visit Customer Support.
