To give impetus to the efforts for achieving financial inclusion, paytech solution brings efficient kiosk banking services to millions of its customers.
The company has collaborated with leading banks viz. Bank of Baroda, of India to enable people to access a range of banking facilities through its internet-enabled BOB, SBI and NSDL PAYMENT BANK kiosk banking outlets located across cities.
The Bank’s initiative of the KIOSK Banking allows customers to undertake different banking transactions without the need for visiting a Bank Branch. Kiosk Banking is basically a service offered by several banks, wherein the people do not have to actually visit the branch in order to do a variety of transactions. This is so because the customer can easily open an account in the bank and operate from any of the nearest Kiosk Banking outlet itself in a hassle-free manner. It is primarily introduced by the Govt. of India as an important concept for boosting financial inclusion, particularly in the rural areas where the customer outreach is not that good and also, the people are uneducated requiring one-on-one assistance.
Having partnered with BOI, Bank of Baroda, and NSDL Payment Bank, paytech solution delivers mainstream financial services to the mass bank-excluded Indian public using remote-biometric enabled secure technology through kiosk banking. Customers may open bank accounts and do all types of bank related transactions at SBI Kiosk Banking outlet or Bank of Baroda Kiosk Banking outlet or IDBI kiosk Banking outlet. These outlets are able to offer end to end functionalities with the process of account opening or any online transaction and there are banks who also offer online kiosk banking at ease. There are a number of advantages of having kiosk online, but these are mainly for the more educated lot to access all services at just a click. Also, the operations through these outlets are absolutely safe and reliable as they are bio-metrically secured and also, a printed acknowledgement for every transaction is given to the respective customer.