Owing to an increase in demand for Digitisation, Mobiles have gain immense importance in today’s Financial Services and other services. With over 251 million mobile banking users and high smartphone penetration, the mobile banking landscape is ripe for expansion and growth. Considering the changing times we have thoughtfully designed mobility services aiming towards Simple, Secure and Seamless Banking experience that allows users to access bank accounts and other services in real-time. Our Cloud hosted mobility services are another step towards Financial Inclusivity ,and Digitisation with last mile connect.
IFTAS’ Mobile Banking application designed to support the cooperative banks to enable Digitisation, to keep up with the growing need for digital banking and thereby helping smaller banks to offer services at par with mainstream Banks offerings. Availability of NEFT and IMPS as a remittance mode in our Mobility platform especially Mobile Banking offers the end customers a simple and secured fund transfer.
Supporting Cashless Economy, our Wallet application enables Bank Customers to perform Digital transactions through digital devices like smartphones. This convenient and flexible system reduces the need to physically carry financial instruments likes cash and credit cards. The digital wallet is enabled with QR-code for faster bill payments supporting wallet recharge through bank account and cards. Bill Payments are additional flexibility and convenience to customers.
Financial inclusion is increasingly being recognized as a key driver of economic growth and poverty alleviation the world over. For marginalised people, banking becomes an especially fraught exercise due to lack of education and authentication. The IFTAS Financial Inclusion Business Correspondent app allows these people to access banking services in a hassle-free manner while providing banks with a much required last-mile connectivity. It is a Micro-ATM tab-based application that is handed over to a bank’s Business Correspondent to carry to remote users across their territory. The FIBC app allows people from remote and marginalised communities to withdraw cash, deposit cash, fund transfer, balance enquiry, mini statement at their fingertips, taking them one step closer to financial inclusivity.