- March 17, 2015 at 11:09 am #3682
Vinuth M. MadinurMember
The Pain Point:
Can you name a successful large scale company that depends only on digital payments in India? Hardly any.
Any business that serves its customers remotely needs a robust offline payment mechanism to operate at scale, like COD, agent booking centers, collection agents, cheque, DD, bank deposits, ECS etc. Less than 5% of us have ever paid digitally. Despite the growth of digital payments, this scenario is expected to continue for at least another decade, if not more. E-Commerce has grown rapidly because of Cash on Delivery. Similarly, Mobile and Travel are buoyed by an extensive agent network. However, for many other services, cash collection hassles are creating bottlenecks for expansion.
Kyash solves this problem. It offers a country wide network of about 20000+ neighborhood centers covering 3000+ pincodes. These are centers having internet connectivity and are already collecting bill payments. Customers can easily pay using cash at these centers for your orders with real-time confirmation and complete privacy of purchase. It’s a fully automated and secure system.
If a person has a mobile(to receive SMS) and cash in hand, you can transact with them using Kyash. Kyash can be used by a variety of businesses, both traditional and online – e-tailers, marketplaces, tele-shopping networks, matrimonial services, publications, subscription services, classifieds, app developers, and other service providers.
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