Sammadhan Web Solution provides an assisted payment platform for retailers and distributors, enabling services like AEPS (Aadhaar Enabled Payment System) and Micro ATM transactions. Their system facilitates immediate money transfers and recharges, expanding access to financial services in the neo-banking sector.
Funding
Funding not disclosed
Founders
Product
Problem
Many retailers and distributors in India, especially in rural areas, lack access to reliable and secure digital payment solutions, hindering their ability to offer essential financial services to their customers. This limits financial inclusion and economic opportunities for both merchants and consumers in underserved communities.
Solution
Sammadhan Web Solution provides a platform that enables retailers and distributors to offer assisted digital financial services, including AEPS (Aadhaar Enabled Payment System), micro-ATM transactions, and immediate money transfers. Their system facilitates secure and convenient transactions, expanding access to banking and payment solutions for underserved populations. By leveraging a network of merchants, Sammadhan Web Solution bridges the gap between traditional banking and the digital economy, fostering financial inclusion and economic empowerment. The platform also supports bill payments and mobile recharges, creating a one-stop solution for various customer needs.
Target Audience
The primary target audience includes retailers and distributors in India, particularly those in rural and semi-urban areas, who seek to expand their service offerings and provide accessible financial solutions to their local communities.
Features
- Aadhaar Enabled Payment System (AEPS) for cash deposit, withdrawal, and money transfer using Aadhaar authentication.
- Micro-ATM service enabling POS transactions and cash withdrawals via a compact, Bluetooth & NFC enabled device.
- Bharat Bill Payment System (BBPS) integration for bill payments and recharges.
- Mobile recharge functionality for customer mobile and DTH recharges.
- Domestic money transfer services for online fund transfers to various banks across India.
- UTI PAN card services.
- Multi-card system enabling users to choose between different cards for transactions.
- Expense management features for monitoring and controlling spending.
- 24/7 customer support via live chat, phone, and email.
- Mobile application for convenient access to services.