GBIRD PRIVATE LIMITED

In their own words

Problem: Inconvenience of Chit fund members,Trust funds ,cable payments , newspaper payments in monthly recurring payments. Currently the mode of payment to the chit fund trust fund cable payments is mostly manual or by UPI transactions Recurring payments can be dealt with NACH Mandate at respective Banks, but it’s a manual process since the member have to be present in the bank premises for the whole process which is time consuming and inconvenient for most members. Solution: An application which uses NACH e mandate to make automated monthly recurring payments and simplifies its subscription process for the convenience of customers. It helps in digitalizing the whole payment process of chit funds. National Automated Clearing House (NACH), has been implemented for banks, corporates, financial institutions and the Government. It lets you simplify and manage bulk payment across multiple banks and manage payments of utility bills, SIPs, premiums, donations, Credit Card bills or any other recurring payment. NACH has been set up to serve as a faster and efficient platform for clearance. It can also be dealt with credit cards and debit cards if the customers prefer Market: Chit fund members trut funds cable payments newspaper payments and or anyone who wants to use automated recurring payments. Revenue Model: Option 1: Processing fee will be collected for each transaction and a certain percentage will be given to chit funds. Option 2: Initial Payment of certain amount for registration. Option 3: 1 & 2 Option 4 :Free Technology: Android, Node JS back end server and ios

Written by the company on its public Startup India profile. Not verified by us.