wepaymonk

[wepaymonk]

Micro ATMs in Rural Areas

Paymonk offers the best Micro ATM solution which is fast, secure, and efficient. We provide Micro ATM services with various features, customized reporting, and an attractive commission margin on each transaction. Paymonk’s Micro ATM services are designed as a solution to bridge the banking gap, especially for rural and remote areas. We empower local retailers, shopkeepers with these devices by enabling financial payments.

[wepaymonk]

Micro ATMs A Big Hit in Rural Area

Micro ATMs are cheap to set up and operate, are portable which makes them ideal to provide banking access for under-banked areas. Moreover,  customers can make various utility payments (electricity bills, recharges, ticket booking, etc.). People, can also withdraw, deposit, or transfer money by using Micro ATMs. The standards of Micro ATMs ensure that transaction information is appropriately encrypted at the application layer.

[wepaymonk]

The Digital Wave Of UPIs, Micro ATMs And The Cash Race In Rural Areas

Micro ATMs look like refashioned POS machines, offers both a card-swipe facility and a biometric fingerprint reader. Cash usage in the remote and rural regions continue to exceed the digital modes of payments, as evidenced by the rising value of payments done through Micro ATMs.

[wepaymonk]

Micro ATM - Paymonk

Micro ATMs enable the Banks Business correspondents (BC) with the biometric device to enable the customers to avail the basic banking services and financial transactions like deposits, withdrawal, fund transfer, balance enquiry and mini statement.

[wepaymonk]

Micro ATM

Micro ATMs enable the Banks Business correspondents (BC) with the biometric device to enable the customers to avail the basic banking services and financial transactions like deposits, withdrawal, fund transfer, balance enquiry and mini statement.

[wepaymonk]

Micro ATMs are portable card swipe machines invented to help the rural and remote areas for financial help and inclusion. These are mini versions of an ATM and have built an extensive banking infrastructure that provides quality banking services to people of rural and urban areas equally.

[wepaymonk]

Retail Lending: An Ecommerce Revolution in India

With the growing competition in the financial sector, Banks are coming up with new strategies and improved services to meet the demands of the customers, to retain them. Here, retail lending emerges as a solution because it offers a higher return in quicker turnaround time with effective monitoring and fewer chances of bad loans.

[wepaymonk]

Retail Lending: An Ecommerce Revolution - Paymonk

Retail Lending is basically the practice of providing credits to individuals rather than institutions. And these credits are obtained from Retail Lenders, who lends money to individuals or retail customers.

[wepaymonk]

Retail Lending Services

Paymonk is a rapidly growing full-service Fintech Solutions organization that offers end to end solutions in Retail Lending Services. Paymonk offers customized loans that fit your business.

[wepaymonk]

Retail Lending has emerged as a large established business across the financial sector and brings a significant amount of growth and profit for the lending institutions. Popular lending Services include – personal loans, credit cards, home equity lines of credits, line of credit accounts, and mortgages.

[wepaymonk]

Retail Lending: An Ecommerce Revolution

Retail Lending is basically the practice of providing credits to individuals rather than institutions. And these credits are obtained from Retail Lenders, who lends money to individuals or retail customers.

[wepaymonk]

The Era of Online Payment Gateway Services

A payment gateway is an online service that authorizes and processes payments for online business. An Online payment gateway service provider falls in the middle of the payment processing system. In other words, it establishes links among the buyer’s bank, the seller’s bank, and the issuing bank irrespective of social, physical, or temporal distance.

[wepaymonk]

AEPS Transactions

AEPS transactions have successfully enabled the availability of essential services in the most remote areas of the country. Another significant factor behind rising of AEPS transactions is because the Government is using this medium to provide cash transfers under the scheme of the Covid-19 relief package.

[wepaymonk]

AEPS: The Leading Digital Transaction Medium in Covid-19

The Covid-19 situation has rendered people helpless and hit the poorest section of people hardest especially the migrant workers and people in rural areas. AEPS transactions have successfully enabled the availability of essential services in the most remote areas of the country.

[wepaymonk]

AEPS: A leading digital transaction medium in Covid-19

The digital payment transactions have continued to rise from May and have recorded high transactions. According to the announcement of the finance ministry, in May, the average daily AEPS transactions amounted to 1.13 crore in the 40 days duration of lockdown. A total of 43 crore transactions were made which was worth Rs16,101 crores during the lockdown period.

[wepaymonk]

How COVID-19 Boosts Digital Payments In India

The use of digital payments is rising in every field, starting from groceries, electricity bills, school fees and taxi fares. In order to maintain social distance and refrain from going out of the house has given a fresh boost to the digital payments.

[wepaymonk]

COVID-19 Boosts Digital Payments In India

The digital fund transfers from banks which had decreased, have also re-surged because of COVID-19 situation. Online delivery services have also encouraged customers to make transactions through digital payments.