Pay Point India Helps Retail Businesses Earn Extra Income With SBI Kiosk Banking

2024-11-23 10:54:47 Miscellaneous

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Kolkata, West Bengal ( forpressrelease) December 8, 2022 - Recent research reveals that a larger number of population still do not have easy access to basic banking facilities, and this is especially true with migrant workers or those earning a low income. The idea of financial security is pretty much non-existent for such individuals. To fill the gaps in financial inclusion across the country, the Reserve Bank of India has introduced the concept of kiosk banking or Customer Service Points that can be set up in retail shops.

Pay Point India is a leading CSP provider that helps retail businesses become a CSP in association with State Bank of India. "SBI Kiosk Banking BC model aims to provide a real-time, user-friendly banking services to the consumer in their neighbourhood. Pay Point India has been a National Business Correspondent for SBI since 2011. As per this arrangement, we are authorized to provide Kiosk banking service to our present retail network and create new Kiosk Banking agents across the country," a spokesperson said.

With this mini banking facility, anyone can easily access industry-standard banking services. This has proven immensely useful for those residing in rural areas where banks are unavailable. Once retail stores apply for CSP online, they can offer their customers a number of banking services including opening a zero balance SBI savings account, easy money transfer, deposit/withdrawal of money, fixed/recurring deposit schemes, and more.

The biggest highlight of CSP is that it's a new revenue opportunity for retailers. "With SBI CSP, retailers not only offer superior banking services for the community, but they can earn more revenue as well. You will receive commissions for every financial transaction performed at your facility. The software and equipment are easy to use as well. By being a CSP agent, you get to enhance the goodwill and value of your brand in the market. Who doesn't want that?" said the spokesperson.

After successfully completing the Bank CSP registration, Pay Point India will provide retailers all the essentials including a biometric reader, SBI software, a CSP certificate, a web software, web + SBI banners, logos & stickers, an introduction letter to CSP, and more.

Retailers who want to apply for CSP must have an office/retail outlet, a printer, a PC and an internet connection. Pay Point India will assist retailers throughout the CSP online application process and let them know if they are eligible to be a kiosk banking agent.

About Company:

Pay Point India is one of the recognised CSP provider in India that helps retail shops become kiosk banking/CSP agents. To know more, visit https://www.paypointindia.org.in/

Contact Name: Arif Alvi

Address:
Commercial Branch, Topsia
Near Thisah Karma Building
Kolkata
West Bengal
India 700046
Phone: +91 7450804660

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