1. July 3, 2014 © 2014 Novopay Confidential 1
Financial Inclusion
through Mobile Payments

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. Mobile Payments Solution
Addresses the
Unbanked
Large number of
retail outlets
Using the Aadhaar
platform
Mobile & Cloud Powered Technology Platform

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. 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. 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. 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. Novopay Retail Outlets - Bangalore
July 3, 2014 © 2014 Novopay Confidential 8

9. July 3, 2014 © 2014 Novopay Confidential 9

10. Mobile Payment – Cloud Services
July 3, 2014 © 2014 Novopay Confidential 10

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. July 3, 2014 © 2014 Novopay Confidential 12
Thank You