NovoPay Presentation for IT Minister @iSPIRT Event - Conclave for India as Product Nation #1

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NovoPay Presentation for IT Minister @iSPIRT Event - Conclave for India as Product Nation #1

  1. 1. July 3, 2014 © 2014 Novopay Confidential 1 Financial Inclusion through Mobile Payments
  2. 2. July 3, 2014 © 2014 Novopay Confidential 2 Retail “India - Land of Kiranas” Aadhaar Online Identity Banking Expensive, cash-based 13 million shops Rural, Offers credit Biometric Identity System 630 million enrolled 60% of people unbanked Bank Branches & movement of people & cash - expensive
  3. 3. Mobile Payments Solution Addresses the Unbanked Large number of retail outlets Using the Aadhaar platform Mobile & Cloud Powered Technology Platform
  4. 4. 6 km walk to bus stop The Problem - Ram’s Thursday ordeal 14 km bus journey 2 hour wait at the bank and a frustrated bank clerk 2:30pm deadline The return journey Moneylender dues @ 5% pm Ration from village Kirana with remaining money July 3, 2014 © 2014 Novopay Confidential 4
  5. 5. July 3, 2014 5 Weekly Wage - ₹792 Loses 28% of his income! ₹792 Transport ₹20 Interest ₹30 Opportunity cost of wasted day ₹132 ₹610 © 2014 Novopay Confidential Ram’s cost of the financial distance
  6. 6. July 3, 2014 © 2014 Novopay Confidential 6 Customer uses his Aadhaar ID to authenticate himselfAndroid-based mobile solution for simple, accessible, low-cost banking
  7. 7. The Solution NPCI Nat’l Payment Corp of India ID Mapper Authentication Merchant Bank Ram’s Bank Kirana with a Micro-ATM SMS Debit – Rs 300 Ram Credit – Rs 300 Mobile Network Server
  8. 8. Novopay Retail Outlets - Bangalore July 3, 2014 © 2014 Novopay Confidential 8
  9. 9. July 3, 2014 © 2014 Novopay Confidential 9
  10. 10. Mobile Payment – Cloud Services July 3, 2014 © 2014 Novopay Confidential 10
  11. 11. Novopay Team July 3, 2014 © 2014 Novopay Confidential 11 CEO, Novopay CEO - Kolkata & W.Bengal, Vodafone CEO - Vodafone M-PESA CTO, Novopay Chief Product Manager -Aadhaar Product Manager - Google Map Maker Sridhar Rao Sanjay Jain Gautam Bandyopadhyay COO, Novopay Head – Finacle Digital Commerce, Infosys Head – E-Banking & CRM deliveries, Infosys Sanjay JainSridhar Rao Gautam Bandyopadhyay CEO, Khosla Labs Head-of-Technology Aadhaar Sun, Intel, SGI, WebMD – Silicon Valley Srikanth Nadhamuni
  12. 12. July 3, 2014 © 2014 Novopay Confidential 12 Thank You

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