Digital Save Solution BC

Micro ATM is a compact device that looks like a card swiping machine but is capable of providing branchless banking to the last mile. Micro ATM in combination with a biometric sensor which can capture ones Aadhaar details can help banks and payment solution companies tap large unbanked sector effectively as they can use these devices along with their banking correspondent/retail network to deliver low cost banking solutions to the unbanked customers.Micro ATMs are Point of Sale (PoS) Devices that work with minimal power, they connect to central banking servers through GPRS, thereby reducing the running costs considerably. Micro ATM is a mini version of an ATM. A Micro ATM was originally developed to help people in rural areas to achieve financial inclusion where people can do transactions at a location near to them. Micro ATM’s being hand-held devices can be taken to the remotest of locations and can provide banking transactions independently. But the use case of a Micro ATM doesn’t ...

Globally, 2 billion people have no access to formal financial services. There are great gaps especially for women, the very poor, and those living in rural areas. Because of their precarious situation, poor people need financial services even more than the non-poor not only to save or build for the future, but often to survive day-to-day. According to a recent study 20.6% of India’s population lacks access to basic bank accounts. However, mobile penetration is on the rise. 76% of India’s population now has access to a mobile phone, making this a promising, cost-effective channel to deliver financial services to the poor. Women often face additional barriers: lower literacy levels; less access to mobile phones; restrictions on travel or social interaction; or less confidence in using technology. More than one-quarter of the global population lacks access to formal financial services. There may be no banks or ATMs within miles, and no good roads to reach them. Although digital tec...

PoS (Point of Sale) machines are small compact devices which are used to make payments at retail markets and shops. Mostly in today’s time we see that these machines are used to make payments through credit/debit cards only, but what if we have a similar device which can offer more services to consumers such as Aadhaar integration to facilitate AEPS (Cash In/Cash Out), Bank Transfers, eKYC using Aadhaar, NFC (Tap Pay), all Card Payments (Rupay, Visa, Master Card), Cash @ PoS using Cards to withdraw money just like an ATM. ATM machines are costly to install. They need a dedicated area for installation, the machine itself costs around Rs. 2 – 3 lakhs approx. plus the interiors and air conditioning is required for the set up. The cost further goes up to 5 – 6 lakhs when an additional uninterrupted power supply is needed to run the entire setup. This does not end here, the monthly cost to run an ATM comes out to Rs. 40 – 50 thousand keeping in mind the security, rent, electricity and ma...

It has been almost 8 months since demonetisation and Financial Inclusion & remonetisation needs to be carried out in full swing with an aim to reduce cash transactions and enable more digital exchange of transactions. Financial Inclusion is meant to bring in the poor, vulnerable and weaker sections of the population into the main stream and provide them affordable, safe, secure banking and other services thereby insulating them from the clutches of moneylenders and others who were exploiting them till now. It is a rapidly growing objective among smaller banks, microfinance institutions, lending organizations and other non-banking financial businesses. With the objective of further deepening financial inclusion, RBI kicked off an era of differentiated banking by allowing MFI’s (Micro Finance Institutions), SFBs (small finance banks) and PBs (payments banks) to start services. But, are we moving in the right direction? Yes, we are… In ways to achieve the overall eco system one...

Digital Save Solution BC which is powered by 15 years of service excellence in the digital business of micro payments of services and remittances in ‘real time’ environment is one of India’s Largest Payments Solutions Provider. The business revolves service aggregation and distribution, web for online payment processing and money transfer services. There are all bank CSP services which help in the further processing of services which is handled by apply for bank csp agents. This provides consumers with a quick and easy solution.It is a single stop access to wide array of services.Through this customer can purchase or make payments for almost any fast moving consumer service like utilities, travel, cinema, DTH / mobile recharge, banking & financial services.  Digital Save Solution BC  is utilising the enormous growth of the service sector and also spending power of the average consumer. Their main mission is to bring convenience to the consumer’s doorstep enabl...