This partnership is expected to make digital payment and banking transactions more readily accessible to all Indian citizens, including those living in remote areas.
In partnership with RBL, Wirecard aims to support its retail agents, who serve as customer service representatives in various areas across the country, when it comes to enabling the financially underserved to access basic payment and banking services. These include cash withdrawals and deposits as well as balance enquiries.
Currently, there are nearly 5,000 agents enrolled in this programme. Consumers will need their local Aadhaar identification number – a biometric database that provides a unique identity to each Indian citizen and can be linked to a bank account – to access the service through Wirecard’s retail agents. All Indian citizens with an Aadhaar number linked to a bank account can access the service – and currently around 90% of India’s population has an Aadhaar number.
For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.