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Now you can make your next-door kirana store an extension of your bank branch to deposit money. You can do that even beyond the routine banking hours. Using a technology platform, NumberMall promises to disrupt the traditional banking practice, giving a lot of flexibility and convenience to people.
This service is being launched in 15,000 outlets roped in by NumberMall in 10 States. Money will be credited into the accounts instantaneously.
For those customers who meet the KYC (know your customer) requirements, the Money Transfer option allows deposits up to Rs 25,000, while the non-KYC customers Rs 10,000 a day.
“We have a customer base of 2.5 crore people in 10 States connected through 15,000 retail stores,” Kiran Gali, founder and Chief Executive Officer of NumberMall, said.
“The service is highly secure and transacts on the RBI-approved IMPS (Immediate Payment Service) platform, instant and extremely affordable,” he said in a statement on Wednesday.
As it makes them an extension of banks, the start-up helps retailers to get additional revenue in the form of recharges, payments and ticketing services, he said.
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