RAMSON TECHNOVATIONS PRIVATE LIMITED

In their own words

Profile Ramson founded in 2014 to serve bottom of the pyramid and build low cost financial services powered by innovation.Our services include Mobile recharges, Utility payments, and Domestic Remittances. For offering the services we have partnered with financial institutions and service providers to provides a low cost infrastructure powered by innovation and technology to enable instant, secure and convenient financial transactions. Our objective is to provide everyone with the bank account and build low cost financial services infrastructure to increase the reach of financial institutions to un-banked. In our system, we believe in being tuned into the needs of the target segment to provide secure, simple and convenient financial services in a cost effective and scalable manner. We have partnered with financial Institutions and service providers, to serve low income group customers to open bank accounts and manage their financial needs. Our exceptional talents and industry specific experience has helped us build business processes, scale operations and deploy infrastructure in no-time. With the increase of India's intra-country migration and low reach of bank infrastructure has created the need for alternate channel in remittance business. For delivering the banking services and remittance services for migrants and unbanked population we have built the infrastructure and integrated with the financial institutions for delivering the services which helped many to send money home. We leverage on existing retail shops, telecom connectivity and banking infrastructure to extend branchless banking services to the common man. We also partners with financial institutions to offer payment, cash collection and disbursal services. We have partnered and operating with 350+ franchisees across Telangana, Andhra Pradesh and Karnataka where customers can walk-in to any of our counter (retail outlet) to Deposit, Remit to bank account instantly and withdraw money from there accounts, recharge his mobile, pay any utility bill, send money to any part of the country instantly A low cost mobile phone acts as the transaction device for retailers and customers. We provides a multi-modal approach to perform a transaction, hence the service works across all phones i.e. lowest to most sophisticated handsets. We use a two factor strong authentication along with OTP to complete the transaction. Performing a transaction only requires numeric literacy for number dialing. It has created a world-class transaction platform that is used by multiple partners across the channel. To increase awareness among the migrant workers, low & middle income group customers our agents located in their neighbourhood for making the transactions and Financial Literacy development programmes as part of our corporate social responsibility has been conducted in Hyderabad Urban Migrant areas which helped 100k+ migrants workers use banking platforms for the transactions. Value Additions : • Built and Managing over 350+ agent network for delivering the services. • Holds the presence in 126+ Villages and 6 Districts of Telangana, Andhra Pradesh and Karnataka. • Over 2 Million+ transactions are performed since 2015. • Partnered with financial institutions, service providers and shared their infrastructure in deployment of services. • Conducted extensive market research study on "Financial Literacy, Technology Acceptance and Financial Inclusion: A Study of Hyderabad Urban Dwellers' Knowledge, Attitude and Behaviour towards FinancialServices." By Partnering with University of Hyderabad. We are much focused in building next generation products to increase the usability of financial services among the people, especially increasing the usability of the accounts opened in Financial Inclusion activity by bringing-in merchantpayments, insurance and all the necessary cash transactions to electronic. Being the assassin of cash, we are proud to participate in building the cashless society. Products we offer: • Deposits • Withdrawal through MicroATM (Debit Cards & AEPS) • Domestic Remittance • Mobile recharges • Utility Payments (like DTH, Electricity bills, & Internet bills) During this Corona Pandemic, our retail locations and front runner will be helping for withdrawals from customer bank account without traveling long distances, queuing at banks and ATMs.

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