Overview

PaySe enables small ticket transactions at remote locations over a secure and reliable platform Financial Institutions can achieve easy digital onboarding of rural borrowers as well as achieve cost optimisation through automated business processes.

Features

Efficient and comprehensive digital onboarding

Capture customer data, verify documents, conduct KYC/AML checks and create customer accounts while in offline mode to onboard customers in remote areas with no internet connectivity

• Works in offline and online modes
• Enhanced customer experience for self and assisted registration
• Geo-tagging of application
• Enable quick conversion in response to market and regulatory changes
• Multi-channel support for mobile & web interface

Inbuilt innovative digital payment solution

Digital wallet platform to make payments using smart phones instead of cash or cards when completely offline

• Offline mode transactions with PaySe smart card and PaySe device
• Secure and NFC enabled credit card for making payments
• Accept payments and store e-cash in offline mode
• Reduce cost of cash as no physical banking infrastructure needed
• Provide swift and easy onboarding to the merchant ecosystem

PaySe is certified

India’s first Digitally Compliant Cash

• Compliant with RBI PPI guidelines (Approved by RBI for PPI license)
• Winner of Payment System Innovation Contest by IDRBT (Established by Reserve Bank of India)
• Authorized by the Reserve Bank of India to issue prepaid payment instruments in India
• Selection in India’s first Regulatory Sandbox by RBI