Chennai: Dvara KGFS, a NBFC in India, has announced transactions worth Rs 7 crore achieved since 19 April, 2020 through its Aadhar Enabled Payment System (AEPS) which was implemented in the remote rural areas that they operate in.
Since the lockdown from 24 March, the villagers, especially living in the remote rural areas were greatly encumbered to draw cash for daily use as there was scarce or no access to banks or ATMs, said a press release, adding: Looking at this challenge, Dvara KGFS initiated AEPS and rolled it out from 19 April to benefit the rural population that they cater to.
“This service was also made available at the door step of customers right on time as the government was transferring wages under MNREGA scheme and relief under Covid package directly to the Jan Dhan account of rural women. Started as a pilot in one branch on 19 April in partnership with RBL Bank, this has now scaled to 300 branches with a steady 1000 plus daily cash withdrawals amounting to Rs 25–30 lakh per day.”