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Sub-K Basic Convenience Outlet In Andaman Islands
This quarter we dedicate our homepage to this exciting BCO partner of ours who has brought Syndicate Bank's facilities to Bibliton village in the remote and isolated Andaman & Nicobar Islands in the Bay of Bengal.
Using voice-based biometric authentication Sheela (name changed) connects to the main bank CBS in Bangalore and triggers deposits, withdrawals, fund transfers and balance inquiries for her hundreds of customers in a short 60 seconds.
In just 3 months, this BCO has exceeded Rs 60,000 in deposits where there were none. A true example of empowerment at the grass root!
T O P I C S
- BASIX Sub-K iTransactions Limited (Sub-K), a BASIX Group company, provides residents of rural, urban and semi-urban areas with a mobile technology based transactional platform for access to digitized services. These could include Banking Services, Savings, NREGA and other Government Payments, Money Transfers, Utility Payments, Prepaid Mobile Top-ups and others, enabled through a network of Basic Convenience Outlets (BCO) operated by company agents. Sub-K works on appointing service providers / banks at one end and BCOs at the other to bridge the digital divide and create a more prosperous, ‘financially included’ society.
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