Indore-based company promotes financial inclusion; sets up kiosks in villages to enable digital payments
Think financial sector startup, and an easy assumption to make would be that the entity might call Mumbai or Bengaluru its base. However, for Manan Dixit, this was the very hurdle he wanted to cross.
A trip home to small town Khandwa in Madhya Pradesh brought in realisation about the limited access the populace had to digital technology, and planted the seed for UmojaPay. The payments gateway aims to reach out to the largely unbanked population in the interiors of India.
UmojaPay was founded in February 2015 in Indore, and is reaching out to the unbanked segment through its retailer and Point of Sale (PoS) network. UmojaPay enables digital transactions like bill payments, remittance facilities and mobile wallet, and value-added services (VAS) like recharges, and ticket bookings. The mobile wallet is currently only available on Android.