Saral Dhan/ Eazy Money Category: e-Business & Financial Inclusion.

Saral Dhan/ Eazy Money Category: e-Business & Financial Inclusion

2 Copyright 2013 Tech Mahindra. All rights reserved. 135 million financially excluded households 2 nd highest in the world 627 districts - 80% financially underserved There was only one bank branch per 14,000 people. Only 9 % have credit accounts with banks. Only a little less than 20% of the population has any kind of life insurance 9.6% of the population has nonlife insurance coverage. 18% had debit cards and less than 2% had credit cards. Saral Dhan: The Indian context

3 Copyright 2013 Tech Mahindra. All rights reserved. Saral Dhan - Collaborative efforts required to solve the barriers Bank branches too far Lack of Trust Lack of necessary documentations Too Expensive High Infrastructure Cost Security Concerns Scattered Population Communication Problem Agent Assisted Branchless Banking Solution Bringing Bank branches at the doorstep Local reputed Merchant as an Agent Using simple digital devices for communication to work as a Bank Providing no-frills Savings Bank Account On-the-field KYC documents creation & captured

4 Copyright 2013 Tech Mahindra. All rights reserved. Canvas M Financial Services VAS Services PRINTER SMART CARD READER BIOMETRICS From plain vanilla Branchless Banking to VALUE ADDED Branchless Banking Mobile Recharge Insurance Products Merchant Payments Air Ticketing Cash Transactions (withdrawal / deposit) Funds Transfer Micro Loans Overdraft Saral Dhan Platform Enrollment Merchant/Agent Interface Saral Dhan Solution Overview

5 Copyright 2013 Tech Mahindra. All rights reserved. 1. Consumer Provides Identity documents and fills up Account Opening Form (assisted by Agent) 2. Agent captures the fingerprints and digitizes the form information through the FI application on the POS. This information is transmitted to the back- end platform Saral Dhan Platform 3.The information is validated by Bank/BC officials and a no-frills account is opened on the platform 4.A personalized smart-card is issued to the consumer via Bank/BC 5.The consumer is provided with the personalized smart card which contains his biometrics and other account related information 6.The consumer can now initiate Agent assisted financial transactions Cash Withdrawal/Deposit/Transfers NREGA Systems Bank CBS Utility VAS Services Mobile Recharge DTH Recharge Micro Insurance Overdrafts Loans Overdrafts Loans Saral Dhan - High Level Schematic Customizable to specific Agent Network/Bank Business Processes

6 Copyright 2013 Tech Mahindra. All rights reserved. Technology Bridging the Gap Innovative Value Added Branchless Banking Solutions Saral Dhan Retail Service Providers Consumers Biometric based solution solving illiteracy and misplaced/ forget PIN issues Flexibility with banking operating hours Reduced travel and cost for accessing banking financial services Easier receipt of social benefits One stop solution for all payment needs Benefits to the Consumer

7 Copyright 2013 Tech Mahindra. All rights reserved. Delivering value in Banking Benefits to the Bank Traditional branch Branch in store ATM Agent with POS terminal Agent with mobile No agent $250,000 $50,000 $10,000 $500 $50 Cashless Reducing Cost Current Banking Solutions Value Added Banking Solutions Increased Revenue New Revenue streams for Banks (money transfer services, retail services and branchless banking services) Extra Income for the Agents Bundled up services for the consumer Up Selling

8 Copyright 2013 Tech Mahindra. All rights reserved. Solution already deployed with Leading Banks in India and Africa India 500+ Agents and over 0.5 million Consumers on-board in the first 3 Months of Launch and equipped with POS (agents) and Smart Card Linked No-Frill Accounts (Consumers) India 500+ Agents and over 0.5 million Consumers on-board in the first 3 Months of Launch and equipped with POS (agents) and Smart Card Linked No-Frill Accounts (Consumers) Nigeria Integration, deployment complete and Pilot launch rolled out. 200+ Expected Agents and 300K+ projected enrolments in the first 3 months Nigeria Integration, deployment complete and Pilot launch rolled out. 200+ Expected Agents and 300K+ projected enrolments in the first 3 months Actual Pictures Well tested and deployed solution, going across developing and under developed geographies.

Saral Dhan/ Eazy Money Category: e-Business & Financial Inclusion.

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