BANKIT to provide banking facilities to the unbanked population

Fintech Startup BANKIT has launched its operations in India where through its B2B Channel it will provide banking facility to unbanked people and underbanked people who have limited or no access to the banking facilities and digital payment solutions. Its payment solutions are simple and secure and are delivered via a wide range of devices - desktop systems, laptops, smart-phones or tablets and hence preferred by the Channel partners.

BANKIT provides Banking services like Domestic money transfer anytime to any bank in just seconds, even on Sundays and holidays and the transactions are safe, simple and secure. BANKIT is a technology company which develops the IMPS switches, Mobile apps and other payment solutions for many leading banks.

BANKIT is promoted by an NRI who believes that each Indian citizen beyond the geographical and literacy boundaries should have access to the financial facilities in the simplest and the safest way nearby their doorsteps and promote the entrepreneurship.

“We want to be the pioneers of formation of a new India where everyone has the access to the banking facilities and don’t have to struggle for the basic banking and financial needs. With the vision to become India’s largest and most trusted payment solutions company, we are working to open more than 10,000 such digital and branded BANKIT stores across the country,” said Director & COO Amit Nigam.

The government’s enthusiastic promotion of cashless technologies – digital wallets, Internet banking, the mobile-driven point of sale (POS) and others – as well as the launch of initiatives including Aadhaar, eKYC, UPI have also facilitated to restructure the financial sector, disrupting the long-held monopoly of traditional institutions like banks.

Furthermore, in recent years, access to the banking system has also improved significantly, thanks largely to the government’s efforts to integrate technologies into the other conservative sector as well as facilitate expansion in unbanked and non-metro regions across the country. BANKIT intends to further extend the reach of banking facilities to all these unbanked and underbanked people across India.