TRADE LICENSE

A Trade License is a mandatory certificate or document issued by the local municipal corporation or state government that permits an applicant to legally carry out a specific trade, business, or commercial activity at a designated premises. It ensures that the business operates in strict compliance with safety standards, environmental guidelines, and local municipal bylaws. Obtaining a Trade License is a crucial regulatory step before starting commercial operations to prevent heavy financial penalties, legal challenges, or the forced closure of the business.

MINI STATEMENT SERVICE

The Mini Statement Service is a real-time, assisted banking solution that allows customers to instantly check their recent transaction history at any local retail kiosk or banking point. Powered by the Aadhaar Enabled Payment System (AePS), customers do not need an internet connection, smartphone app, or debit card. By simply providing their Aadhaar number and validating their fingerprint on a biometric scanner, they receive an immediate printout or digital receipt showing the last 5 to 10 account transactions and their current account balance.

CASH DEPOSIT

Cash Deposit is a secure, assisted financial service that enables walk-in customers to deposit physical cash instantly into any bank account across India. Facilitated through a robust network of local retail agents and business correspondents, this service eliminates the need to stand in long bank queues or visit distant branches. By leveraging secure banking APIs and biometric or OTP-based authentication, the deposited cash is instantly credited to the target account via real-time IMPS systems, providing unmatched convenience for cash-reliant consumers.

ADHAR PAY (ICICI)

ICICI Bank Aadhaar Pay is a secure, merchant-focused biometric payment collection system powered by the National Payments Corporation of India (NPCI) and UIDAI. Designed explicitly for retail merchants, sole proprietors, and business correspondents, this service allows businesses to collect instant payments directly from a customer’s Aadhaar-seeded bank account. Senders do not need smartphone apps, credit/debit cards, or remembered PIN codes—they simply provide their Aadhaar number and pass a fingerprint scan on a biometric device to complete a real-time account-to-account transfer.

DMT SERVICE

DMT (Direct Money Transfer) Service is an assisted, real-time domestic remittance solution that enables individuals to transfer cash instantly to any bank account across India. Operating 24/7/365, this service is designed to serve cash-dominant consumers and the unbanked population. Customers can walk into any authorized retail outlet, hand over physical cash, and have it securely credited to their beneficiary's account via instant IMPS or NEFT protocols without needing a personal net banking account.

DMT SURCHARGE

A DMT Surcharge is the convenience fee or handling charge levied on cash-to-bank remittance transactions processed through Domestic Money Transfer networks. Governed under standardized banking guidelines, the surcharge typically operates on a simple percentage or flat slab-based model, generally capped around 1.0% to 1.20% of the transaction value (inclusive of GST). This surcharge is split dynamically within the fintech ecosystem, serving as the primary revenue source that funds instant IMPS processing fees and generates commissions for local retail agents.