Payworld Cash Point
Cash Points, basically, are another term for an Automated Teller Machine, more popularly known as ATMs. For a metropolitan city, ATMs are an everyday sight. But what about the rural man who has to walk endless kilometres just to withdraw some cash? Payworld recognized this need and acted upon it.
In 2015, Intelligent Electronic Transaction Processing platform Payworld, announced that it has launched Payworld Cash Point, a service that lets consumers obtain cash at retail points in areas where ATMs are not available or accessible. Payworld in association with State Bank of India is operating this scheme. “This would also be helpful to the millions of people in rural and semi-urban areas that have opened bank accounts under the Prime Minister’s Jan Dhan Yojana and have debit cards but no access to an ATM machine in their neighbourhood,” Payworld said in a statement.
To provide this service, a retailer will use the Payworld app installed on a smartphone equipped with a card reader machine. Payworld provides both the app and the card reader. “All he has to do is to swipe the walk in customer’s debit card, and on authorization by the bank, pay out the cash,” Payworld said. Account holders with a debit card can request a maximum of ₹. 2,000 in cash from this cash-out facility of Payworld.
The company’s target is Tier III and Tier IV cities and rural areas where bank branches and ATMs are scattered. “Our initial plan is to launch the scheme with 500 retailers and gradually scale it up to over 5,000 by December 2016,” said Praveen Dhabhai, COO of Payworld.
Comments (22)
Comments are closed.
SHASHANK
April 15, 2018LooKing for cash point
Payworld
August 1, 2018Dear Sir,
With Payworld you can offer Money Transfer, AEPS , Air/Rail/Bus Ticketing , MPOS, Insurance POS, PAN Card , Mobile/DTH Recharge services to your customers.
Please register yourself with Payworld by visiting this link: http://bit.ly/PwSignUp , after registration update your PAN No. & Aadhaar No. To activate required services, Add trading balance through different Online Payment modes & start your Business. In case of any help, please contact our Helpline 01133158888 / 01143758888 . Thanks,
https://www.stumbleupon.com/su/2ZjKP7
April 19, 2018Im obliged for the post.Really thank you! Will read on…
SAKIB MALIK
May 3, 2018I WANT TO USE PAY WORLD POINT
Payworld
August 1, 2018Dear Sir,
With Payworld you can offer Money Transfer, AEPS , Air/Rail/Bus Ticketing , MPOS, Insurance POS, PAN Card , Mobile/DTH Recharge services to your customers.
Please register yourself with Payworld by visiting this link: http://bit.ly/PwSignUp , after registration update your PAN No. & Aadhaar No. To activate required services, Add trading balance through different Online Payment modes & start your Business. In case of any help, please contact our Helpline 01133158888 / 01143758888 . Thanks,
Ucgbc.Org
June 9, 2018Thanks for the excellent manual
Drew
June 13, 2018I like the report
Empire Carpet
June 16, 2018I really enjoy the article.Really looking forward to read more. Great.
Ramkishor
June 18, 2018Iam entrast paywold cash point
,manitrnsfer Mo no 9723924989
Payworld
August 1, 2018Dear Sir, Thanks for showing interest with us. Soon You will get a call from our end.Thanks
real cock dildo
June 20, 2018I truly appreciate this article post.Thanks Again. Keep writing.
Nichelle Chadbourn
July 5, 2018I simply desired to say thanks once more. I am not sure the things that I would have tried in the absence of the pointers shared by you concerning my topic. It previously was a very challenging issue for me personally, but spending time with this expert technique you handled that forced me to leap for delight. Now i’m grateful for your work and in addition have high hopes you know what an amazing job you are always putting in teaching some other people through your blog. I’m certain you haven’t got to know any of us.
Luis Trepanier
July 30, 2018I conceive this web site has got some real good information for everyone
Denise Lafaver
August 1, 2018With thanks! Valuable information!
Lisette Level
August 1, 2018With thanks! Valuable information!
Lamont Malenke
August 1, 2018With thanks! Valuable information!
Nathanael Gellespie
August 1, 2018With thanks! Valuable information!
Ying Brocklehurst
August 1, 2018With thanks! Valuable information!
Sarah Macugay
August 1, 2018With thanks! Valuable information!
Chanda Mercury
August 1, 2018With thanks! Valuable information!
Marion Eubank
August 9, 2018With thanks! Valuable information!
Cory Knierim
August 9, 2018Awesome! Its in fact amazing paragraph, I have got much clear idea regarding from this