Payrakam description

PayRakam
Enabling existing branch and agent network for various digital initiatives
Offering various payment channels to their customers:
Money transfer through IMPS
Cash withdrawal through AEPS
Bill Payment facility through BBPS (Coming soon)
Plug-n-Play : Minimum investment on technology, minimum time to market
Access to application through Web and Mobile
Additional revenue source
DMT
Process of sending money from one individual to another individual across any cities in India using BC Agent Channel on Web/phone.
Quick registration of remitter and beneficiary
Secured addition of beneficiary through OTP on remitters mobile number
Option of validation of account number and IFSC code
Real time fund transfer through IMPS
Quick notification of successful transaction to remitter
Quick requry and refund processing for unsuccessful transactions

AEPS
Bank led model which allows online financial transaction on Micro-ATM or Mobile with biometric device through the BC Agent using the Aadhaar authentication
Cash Withdrawal using ‘Aadhaar’ number
Designed to handle transactions seamlessly in an effective way by enabling authentication gateway for all Aadhaar linked account holders

BBPS
Coming soon