FI Service Provider in India
RASPAY INFO SOLUTION PVT LTD
A DIPP Certified Fin Tech Company Registered under the STAR-UP-INDIA Program of Govt. on India.
AEPS or Aadhaar ATM is the most convenient way to withdraw cash and enquiry bank balance using Aadhaar number and fingerprint. In partnership with ISU aims to provide hassle-free banking service to nation who wants to withdraw money and enquiry bank balance.
Retailer connects any UIDAI certified biometric device with his computer or android smartphone for Aadhaar authentication. Aadhaar Number, Bank Name and Fingerprint – These are the minimum details required of a walk-in customer who wants to withdraw cash. Customer’s Aadhaar should be linked with his bank account. No need to provide additional bank details like account number, IFSC to retailer. No need of visiting bank branch or ATM to withdraw cash. This ATM service is available in any authorized point of RASPAY in India.
RASPAY’s wallet system is linked with multiple bank’s IMPS switch to operate Domestic Money Transfer smoothly. Our Domestic Money Transfer or DMT is the most robust way to deposit cash within 15 seconds in any bank account across India through sender’s mobile number only.
Retailer opens a wallet on behalf of sender through an OTP based verification of sender’s mobile number. Bank account or any other details of sender is not required for DMT. No need to visit bank branch or CDMs and wait for hours to deposit money. Cash Deposit can be done through any authorized points of RASPAY in India. This service is available 24X7 and in holidays also.
Micro ATM or mATM is an alternate way of AEPS to withdraw cash and enquiry bank balance using Debit card. RASPAY process transactions through android app using a card reader ATM device. This product operates under National Financial Switch (NFS) and guidelines of NPCI.
Initially Micro ATM device pairs with RASPAY android app through Bluetooth connectivity. Customer’s Debit card and ATM PIN is the only requirement to process withdraw or balance enquiry transaction. Unlike AEPS there is no limitation for transaction through Micro ATM. Customer can withdraw as per card issuer bank’s limitation. Micro ATM has become popular as this is the most reliable way for withdraw transactions.
RASPAY has tied up with bank alliances, to provide uninterrupted service in Bharat Bill Payment System (BBPS) and Recharge. All bill operators are interconnected in this BBPS and more than 100 recharge and bill operators are associated with us. In BBPS we have offerings like Mobile Bill Payment, Landline Bill, Electricity, Broadband, Water and Gas Bill Payment. Along with that DTH and Postpaid bill payment is a major part in Recharge.
Grow your business with our easy working capital loans. Retailers and Partners with minimum 2 months of on-boarding and good transaction volume can apply for loan in their application.
Along with deposit and withdraw services, approaching customers can also avail insurance policy at iServeU touch points by providing their mobile number and minimum details. In association with Kotak Mahindra Bank Ltd, iServeU was the first company in India to launch Kotak Life Insurance and HospiCash at retail points.
1 Lakh and 2 Lakhs- these 2 variants of policies are available under Kotak Life Insurance. HospiCash is the most affordable insurance policy available in current Indian market. 3 kinds of insured benefits are available under HospiCash- Hospitalization Cash, Permanent Disability and Death.
Daily cash amount of Rs 500 paid to the policyholder for each day of Hospitalization ( Max. 30 day per year ) in any hospital. Produce the discharge certificate to avail the benefit. Pre-existing diseases waiting period applicable
Up to Rs 1,00,000 benefits for Permanent Total Disability due to accident within 1 year of availing the policy. E.g: Loss of Limbs, Complete loss of eyesight etc.
Rs 1,00,000 of insurance payment to nominees of policy holder if death occurs is due to accident then eligility for payment of Rs 2,00,000