E-Village - Cashless Banking Solution

evillage

Expanding Digital Banking Horizons

Sesame's latest effort to assuage the cash crunch has been largely successful, with banks and bank customers showing enthusiasm to shift towards cashless mobile based payments. This prove that, given enough incentives and right channels, public acceptance to new technology is swift. Although a large share of daily payments are now digitised, more needs to be done to achieve truly cashless society. Cooperative banks, the backbone of Indian rural economy, needs to be empowered, bringing in truly innovative digital solutions that will bring India one step closer to a truly digital economy.

Project E-Village

Project E-Village, which will roll out in several phases, aims to create fully cashless ecosystem in Indian villages, which can be scaled up to cover entire districts, states and eventually, the entire nation. By encouraging mobile based banking, cooperative banks can broaden access to banking and assure seamless banking service at all times.

Project Evillage includes the following solution suite:

mycash

Transform conventional payment methods into cashless mobile based payments using an easy-to-use mobile App that credits payments straight to the merchant's bank account.

mycard

pre-paid card solution linked to cooperative bank account that can be used as a standard debit card to make payments or withdraw money from any ATM anywhere in the country.

mybank

Get account summary, statements and transfer funds through NEFT/RTGS/IMPS anytime, anywhere using your smartphone.

mybill

Bill payments of all kinds at one place. Utility bills, mobile recharges, electricity and water bill payments using smartphone alone.