PayMate Launches Pilot Run For Rural Financial Services

Paymate Launches Pilot Run For Rural Financial ServicesPaymate today announced the launch of multiple financial inclusion projects through Kshetriya Gramin Financial Services entities.

As a part of this initiative, the company has unveiled a mobile phone based person-to-person money transfer initiative in the Delhi to Uttarakhand corridor as well as piloted a micro-loan repayments in villages in Ganjam, Orissa.

Using a combination of a float model and mobile equipped agents, registered agents of Dhanei KGFS located at remote villages are able to visit the customer to collect payment in cash while using a mobile phone to register the payment against the customer’s unique account ID via SMS.

The solution comes equipped with a real time dynamic MIS for Dhanei KGFS to check all the payments and filter it by agent, customer, date and transaction and even download it for future reference.

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