BANKIT Services Private Limited is an ISO 27001:2013 certified, assisted B2C company. The vision of the company is to make a “Millionaire Agents Network” (MAN) i.e. to maximize the number of agents who are able to make Rs. 5-10L as revenue in a year by delivering various BANKIT services. We are going towards our target of opening 1 Lakh plus BANKIT Outlets and Branded Stores across India to experience all the citizens the easiest, fastest & safest Digital payment platform and all the Digital services under one roof.
BANKIT has played a major role since its inception, for the empowerment of the unbanked, under-banked segments in India through offering Safe, Secure, and Convenient payments solutions. This in turn has given them the freedom to select an instrument of their choice, be it from a financial, digital, or social perspective.
What are we?
BANKIT is Business Correspondent to various Banks. This results in fast, simple, and secure transactions. BANKIT's one-stop-outlets provide instant and hassle-free service delivery for Banking financial services like Domestic Money Transfer, AePS, mATM (Debit card Cash Withdrawal), and Prepaid cards and various value-added services like Prepaid Recharges, Bill payments, Travel & Stay bookings, CMS, Insurance, etc. BANKIT is also a provider of payment solutions that are simple and secure, and are delivered via desktop systems, laptops, smartphones, or tablets.
What is the problem BANKIT is solving?
A large population in India is still not a part of the digital economy and banking system. Digital literacy is far from 100% in India and a major chunk of the population is still not self-serviced for basic banking and financial needs. Lack of ATMs and bank branch in rural and semi-urban areas is still a concern which hampers financial inclusion. We are trying to bridge this digital divide across urban and rural areas and to offer digital financial and non-financial services to masses via assisted B2B2C agent outlets.
How does BANKIT propose to solve this problem?
In order to serve the under digital and underbanked population in India, we have prepared an assisted agent-led model which works to offer digital and financial services to the last mile. Banking and financial services along with many value-added services are available for end customers through BANKIT channel partners in their neighborhood. Services like Domestic Money transfer, Cash Withdrawal, Prepaid Cards, Recharges, Bill Payments, Travel Bookings, etc. are made available 24X7 through our proprietary web and mobile applications. These applications are made user-friendly as per the needs of the target users and are built using the state of the art technology to make the transactions secure and instant.
What is the uniqueness of the BANKIT solution?
BANKIT is a fintech company having expertise in all payment-related products and one of our differentiators is a strong technology core which not only promises a high success ratio but also provides ease in doing the transaction. Our technology stack is built on the digital railroads of NPCI and service providers like banks, telecom aggregators, travel aggregators, etc. which when combined with our proprietary applications helps in providing a digital transaction engine that is highly scalable and flexible. We eagerly listen to our customers and customize our offerings that best suit their needs.
We work towards:
Subsequently, when our mission is accomplished, our vision to become the largest and most trusted payment solutions company will see the light of the day