A Flawless Mobile Banking Solution for Indian Rural Area

Some of the areas in rural India were crippled behind the more metropolitan areas because of a deficit banking system, which is indirectly associated with the shortage of electricity. Due to this reason, ATMs couldn’t be a viable option for the remote areas. In order to provide the area with basic banking amenities like account opening, cash withdrawals, transfer etc. India Post collaborated with Chainway for the purpose of mobile banks by using handheld terminals and solar power to replace electric ATMs.

Challenges
Due to lack of static electricity supply, ATMs couldn’t be supported and even simple banking services couldn’t be realized.

Solution
In order to resolve these issues, Chainway has customized the handheld computers for India Post, wherein 2D fingerprinting and barcode are configured together that is connected to a printer swipe card reader and a keyboard. This reader can easily and cautiously verify the identity of the client and the account could be opened, even the transactions receipt can be printed with the help of the printer and that too at nominal costs because of the solar-powered banking system.

Effects
  • By helping set up a mobile Banking System, Chainway has simplified the citizens’ lives in a remote Indian village.
  • The mobile banking system has many advantages such as easy to use, portable and cost-effective. This makes the system a perfect match for remote locations in India.
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