BANKIT Bridges the Digital Divide Across Urban and Rural Areas by Offering Digital Financial and Non-financial Services

BANKIT plans to install 1.5 Micro ATM’s along AePS facility at BANKIT outlets

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New Delhi, Delhi, India | 19th November 2019: BANKIT targets to install 1.5 lakh Micro ATM’s and AePS service points at BANKIT outlets by December’ 2020 to address the issue of money dispensing machines running dry. It is expected that 50% ATMs will be discontinued in coming years due to high maintenance cost, which Banks are not able to bear anymore.

BANKIT is offering digital financial and non-financial services to masses via assisted B2B2C agent outlets. The vision of the company is to make “Millionaire Agents Network” (MAN) i.e. to maximize the number of agents who are able to make Rs. 10L as revenue in a year by delivering various BANKIT services. Hence, BANKIT is creating Entrepreneurs and target to expand its Outlets and Branded Stores across India to provide the easiest, fastest & safest Digital payment platform and all the Digital services under one roof to the last mile of society.

In order to serve the under digital and under banked population in India, the company has prepared an assisted agent led model which works to offer digital and financial services to the last mile present as their very own corner shop in the vicinity. Banking and financial services along many value-added services are available for end customers through BANKIT channel partners in their neighborhood. Services like Domestic Money transfer, Cash Withdrawal, Prepaid Cards, Recharges, Bill Payments, Travel Bookings etc. are made available 24X7 through brand’s proprietary web and mobile applications. These applications are made user friendly as per the needs of the target users and are hi-tech to make the transactions secure and instant.