There exists a large opportunity
in offering Human ATM technology and services to RRBs, Co-Op banks,
Post Offices and other such government affiliated departments
for enabling Government Disbursements, Kisan Credit Card Management
Infrastructure, etc
Indepay provides a nationwide infrastructure for acquiring, processing
and settlement of
- Cash Deposits
- Cash Withdrawals
- Acceptance of Bank Issued Credit/Debit cards
- Financial Inclusion cards
- Rural Bank Issued cards
- Kisan Credit Cards
- Government Disbursements
- Electronic Cash Management Services
Indepay along with its partner banks enables these transactions
through its terminals located at various locations and Indepay’s
infrastructure Connected to IDRBT’s NFS/INFINET infrastructure
as well as various banks, financial institutions, etc to offer
Human ATM services
Primary Drivers
- Rural India does not have the infrastructure to allow rural
citizens to access online services, credit/debit cards based
transactions, basic banking and e-governance services.
- India being primarily a cash based economy, the majority of
transactions are currency based leading to issues of cash management
for service providers
- Being unbanked, rural India also has very little access to
credit facilities due to lack of unified credit rating agencies
- Internet, PC penetration and lack of literacy also ensure
that it will be a long time before rural India comes at par
with the major cities in terms of access, services, banking,
credit and security
- There exists a large gap between banked and un-banked India
due to lack of infrastructure for enabling cash deposits, cash
withdrawals and transaction acceptance points of services
- Rural economy has been getting its nourishment from schemes
like NREGA and Bharat Nirman Yojana. The current government
has increased NREGA outlay by 144 percent and Bharat Nirman
outlay by 45 percent.
- The current government has also proposed to provide health
insurance cover to all BPL families under Rashtriya Swasthya
Bima Yojana (RSBY) and to enroll 50 percent of rural women in
the country as members of Self Help Groups (SHG). This will
provide financial empowerment to rural women and result into
their betterment.
- All over the country, millions of Kisan Credit Cards (KCCs)
have been issued till date but there is no infrastructure to
accept these transactions.
Submit your sales inquiry
online and get a call back in as little as one day.
Need help? Visit Customer Support.
|
