Aadhar Enabled Payment Services

Objective

To create simpler and easy 2 use Products to disrupt how India transacts.

Problems

  • 90+% OF 664,369 Villages in India doesn't have ATM’S
  • Establishing & Maintaining ATM’S is not viable for banks anymore
  • Farmers are the most effected and vulnerable for financial frauds
  • Farmers doesn't have axis to fare loans and fare price for there produce

Sloutions

a) Through Assure pay app & a finger print scanner, any small shop in the village can be multi used as an all service mini bank branch using one of its kind Aadhaar Enabled Payment System (AEPS), Assure Pay is designed and Integrated with copious single umbrella services like
  • Direct Money Transfer
  • SHG Deposits
  • All Kinds of Recharges
  • Bill Payments
  • Loan Repayments
  • Fastag Services
  • Travel Services
  • Pan card Applications etc...
b) Establishing and Maintaining an ATM is costing an Pan India average of 12lac INR per ATM per ANNUM comparatively Assure Pay Micro ATM costs just 1000/- INR.
c) Farmers are the most effected and vulnerable for financial frauds mostly due to lack of Education, We believe Rural India feels safe transacting in Ashure Pay, ATM’s because its Aadhar enabled and Transaction is done by a known person in there own village in there immediate presence Instantly.
d) Other Use Cases = Future = Blockchain Technology Assure pay has plans to Launch single window Personal & Crop Loan services collaborating with Leading NBFC’S.

Assure pay update 2.0 will have an unique feature of “Sell Crop” exclusively designed for small and marginal farmers (86% of total farmers) who don’t have means to either bargain for their produce to get a better price or invest in technology to improve the productivity of farms,The Recently Passed Farm Law 2020 on Agri market allows farmers to sell their produce anywhere they intend to, Act allows farmers to enter into acontract with agri-business firms or retailers on pre agreed prices of their produce.

Here comes in to play our brand new partner Krishishetra Warehousing & Agri Services Limited with this partnership we are able to add end to end crop selling services which includes Procurement, Warehousing, logistics, collateral management, inspection & audit, testing & certification, pest management & fumigation including export.

Assure Pay and Blockchain

We firmly believe future is blockchain and India needs it Assure pay update 3.0 aims to be future of Rural India’s most secure turn key solution for all in all banking and allied services destination in every village.

One among our many futuristic ambitions is introducing smart contracts inspired by Ethereum smart contracts in fitting use cases.

The concept of smart contracts can be used to replace the middlemen and help you save your money. This service not only saves your money but also makes the process much more transparent even by replacing escrow.