Fingpay Cashless | Paperless | Effortless Verifications | - - PowerPoint PPT Presentation

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Fingpay Cashless | Paperless | Effortless Verifications | - - PowerPoint PPT Presentation

Nov 01, 2023 1.06k likes •1.16k views

Fingpay Cashless | Paperless | Effortless Verifications | Collections | Banking Services Date: 11th December, 2018 T ARGET C ONSUMERS 100% Pain Points Typical Profile Rural Consumers Lack of Access to Banking and 75% Typically

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SLIDE 1

Fingpay

Cashless | Paperless | Effortless

Date: 11th December, 2018

Verifications | Collections | Banking Services

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SLIDE 2

0% 25% 50% 75% 100% Series 1 Series 2 Series 3

2

Typical Profile

TARGET CONSUMERS

  • Rural Consumers
  • Typically women entrepreneurs
  • MFI customers
  • 87% of MFI borrowers have

Bank accounts

  • More oriented towards savings

Social Impact

  • Lack of Access to Banking and

Financial Services

  • Lack of instruments for digital

payments

  • High Cost for availing Banking

services

  • Difficult to get control over

finances Gender Equality in Financial Inclusion

Pain Points

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SLIDE 3

Product - Value Proposition

Access to Banking and Financial services Access to credit through MFIs

01 02 03 04 05 06 07 08

Bank Account Opening AEPS - Micro ATM Bill Payments Money Transfer Verifications Disbursements EMI Payments Add on services

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SLIDE 4

CURRENT PROGRESS MARKET POTENTIAL SCALABILITY

Business Model

Banking Correspondents Micro Finance Solution

Aggregation through distributorship model Verification & Onboarding EMI Collections (CMS and Digital) Over 5 Lakh BC points in India One time set up and integrations from Corporates Recurring charges on transactions

  • 18+ Financial Institutions
  • 2 State Government Partners
  • 40K+ Business

Correspondents


  • Transactions by value till date
  • INR 3.5 Bn
  • Average ticket size - INR 1200
  • 20% MoM Growth
  • 200+ MFIs


1.5 Lakh Crore Portfolio

  • 25K Average Loan size
  • 3.5 Crore+ No. of.

Borrowers

  • INR 1500 Average EMI Size
  • 5 Lakh+ Business

Correspondents

  • 0.50 to 1% earnings of total

transaction volume

  • Asset-light Distribution

Strategy

  • End to End fully automated,

technology driven

  • perations
  • Plug and Play solutions for

quicker uptake

Revenue Source

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SLIDE 5

Changing Consumer Behaviour Cash is a Cost, yet majority of the payments are in Cash Need for more focus on Rural Payment Infrastructure

Key Challenges

Challenge: Banks are Intermittently Inoperative on AEPS platform Solution: Open Bank Accounts via App

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Challenge: Insufficient Balance in customer’s account Solution: Created BC points Challenge: Training and Capacity Building Solution: Simple and Vernacular App Challenge: Low Network Connectivity Solution: App that works seamlessly on low end phones with 2G speed Challenge: Reconciliation issues Solution: Single Window Dashboard Demand Sheet Feature Challenge: Only 70% Cashless Solution: Cash Drop feature to make collections 100% Cashless

Industry Challenges

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SLIDE 6

Thank You!

Sagar | 8169215134 | sagar@tapits.in Pratyush | 8888864533 | pratyush@tapits.in