Branchless Banking and Financial services for the Unbanked and Under-banked

Abhipriya Gupta

Eko India Financial Services Private Limited, New Delhi

Angela Schmuck

IDmission LLC Mesa, AZ

The Problem:

A large section of the Indian population (~500 million) still remains without access to banking services. Traditional financial service delivery models have failed to serve low income populations.

The Solution:

Building a low-cost payment infrastructure for instant small value financial transactions by leveraging existing retail shops, tele-connectivity and banking infrastructure to extend branchless banking services to the common man. The project aims to deliver financial services efficiently and at scale through smart phone based application mechanism integrating with the Unique Identity UID).