Financial Services

Financial Services We Provide

IDEA MONEY

Idea Money is a semi-closed, prepaid payment instrument, offered by Idea Mobile Commerce Services Limited (IMCSL).IMCSL has been duly authorized by Reserve Bank of India to offer this service. Simply put, it is a prepaid account which can be accessed using your mobile phone or the Internet for conducting a variety of transactions like Prepaid Mobile Recharges, DTH Recharges, Utility Bill Payments, Postpaid Bill Payments, send money to other Idea Money account or any bank instantly through NEFT or IMPS & more.


PAYTM

Paytm is India’s largest mobile commerce platform. Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. We have over 100mn registered users. In a short span of time Paytm has scaled to more than 60 Million orders per month.Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. One97 investors include Ant Financial (AliPay), SAIF Partners, Sapphire Venture and Silicon Valley Bank.We strive to maintain an open culture where everyone is a hands-on contributor and feels comfortable sharing ideas and opinions.


MOBIKWIK

MobiKwik is a mobile wallet and online payment system where a user can store money in an online "wallet" to make mobile and DTH recharge, pay utility bills, and shop at listed merchants. The MobiKwik wallet has to be loaded with money once before it can be used across functions. MobiKwik provides users the option to add money using their debit or credit card, net banking, and ‘cash pay’, a doorstep cash collection service. MobiKwik wallet is a semi closed wallet authorized by Reserve Bank of India.They tied up with various online merchants such as eBay India, BookMyShow, Dominos India and ShopClues to provide accessibility of their wallet as a payment option on e-commerce sites.Moreover, Mobikwik also introduced the feature of sending and receiving money via MobiKwik mobile app.Mobikwik raised under $5 million in its Series A funding from an unnamed US-based VC firm in 2013 and is expected to get another $30 million in the coming year.


FREECHARGE

FreeCharge is India’s No.1 payments app. Customers across the country use FreeCharge to make prepaid, postpaid, DTH, metro recharge and utility bill payments for numerous service providers. We launched our wallet in September 2015 and customers are already using it to pay across all major online platforms and offline stores like Shoppers Stop, McDonalds, Cinepolis, HomeStop, Crosswords, Hypercity and even for E-Rickshaws, the list is growing by the day.We are on a mission to get millions of merchants both in organised and unorganised sector to be a part of the digital payments ecosystem. Our Chat-n-Pay service is all about social payments. It is an engaging and secure way for you to seamlessly Chat-n-Pay to friends, family, and merchants in less than 5 seconds. It also enables merchants, small or large to accept digital payments in less than 1 minute after registering on the FreeCharge App.


FINO-NOVOPAY

1.Process
Remitter has to do a one time registration with the Business Correspondent (BC) with his/her mobile number, name and address details.
BC maintains a remittance pool account with the bank from where the remittance transactions are initiated to the beneficiary account on the basis of the beneficiary bank account number and IFSC code provided by the remitter. Remitter walks into a BC outlet with the remittance amount along with the transaction charges in cash and hands over to the BC agent. The BC agent initiates the transaction in the BC platform which in turn is connected to the Bank's remittance (IMPS/ NEFT as per customer's requirement) engine. Remittance happens instantaneously through a debit to the BC's pool account (or in batches as per NEFT protocol) maintained with the Bank and credit to the beneficiary account. The cash collected at the BC outlet is deposited into the pool account to nullify the earlier debit.

2.Charges.
Indicative Customer charges for remittance txn through Business Correspondent Channel.


YES BANK

YES BANK has been recognized amongst the Top and Fastest Growing Banks in various Indian Banking League Tables by prestigious media houses and Global Advisory Firms, and has received several national and international honours for our various Businesses including Corporate Investment Banking, Treasury, Transaction Banking, and Sustainable practices through Responsible Banking. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Finest Quality Bank of the World in India” by 2020.


SBI MINI ATM

The State Bank of India had announced the implementation of Cash @ Point of Sale (POS) scheme for implementation through CSC, following an agreement signed with CSC SPV on March 11, 2014. CSCs across the country can now act as a micro ATM, which could be used by people with debit cards to withdraw cash. Specifically, State Bank of India’s (SBI) debit card holders across the country can withdraw cash from their nearest CSCs that have a point-of-sale (POS) terminal installed.

Cash up to a maximum of Rs. 1000/card/day can be disbursed through CSC with POS terminal. This move is in line with RBI’s idea of opening up POS terminals for cash withdrawal that was floated a couple of years ago under the Financial Inclusion Scheme.

Bank has waived to charge the convenience fee to 1% of transaction amount from the customer account. Earlier customers were hesitant to transact at CSC outlet because of this charge.


UNION BANK MONEY

Union Bank Money (UBM) offers a bouquet of mobile money services through a secure digital wallet. Avail it on your mobile phone, or walk in to the nearest YTS point.


mRUPEE

Presenting mRUPEE - your money on your mobile. It’s a revolutionary new-age service that gives you the convenience to do various transactions through your mobile phone. It is also a safe alternative to carry cash/card. This unique service converts your mobile phone into a mobile wallet that enables you to:
• Send money to your family & friends - bank account and mRUPEE mobile wallet.
• Shop online
• Make payments of bills & services