Absm
Absm
We have entered into agreements with various Scheduled Commercial Banks wherein we have been appointed
as a Business Correspondent (BC) under the regulatory framework of RBI, under which we provide a range of
banking services to the customers across varied geographies in India. Under the aegis of aforesaid appointment
as BC of Banks, we are acting as one of India’s largest tech-enabled Hyper-Local Payments Network offering
various banking services like Domestic Money Transfer/Remittance Services, Cash Deposit, Cash Withdrawal,
Balance Inquiry, Aadhaar Enabled Payment Services and POS Services through our appointed retailers across
India.
We are also a regulated entity under the Reserve Bank of India, holding the Authorizations/Licenses like Prepaid
Payment Instruments (PPI) and Bharat Bill Payment System (BBPS). We also provide Bill Payments, Air Time
Recharge, Railway Ticketing Services, etc under our arrangement with various service providers.