The fintech enterprise added 34,911 agents in FY 2021-22 and 30,363 agents in FY 2020-21
Mumbai: 23rd May 2022: BANKIT, one of India’s leading fintech companies, has announced various milestones recorded by the company under its flagship Agent program in the last two years. As a testament to its remarkable growth trajectory, the fintech enterprise successfully added 34,911 agents in FY 2021-22 and 30363 agents in FY 2020-21.
The highest traction was witnessed in cities such as Delhi NCR, Hyderabad, Mumbai and Gopalganj and Siwan in Bihar.. Moreover, women agents make for about 6-7% of the total BANKIT Agent program. Inspired by the success of the program, the company is now aiming to enroll 1,00,000 agents in the FY-2022-23.
In the age of modernisation, digitisation, essential banking services – digital literacy, and financial inclusion are still a challenge for almost half of the population. BANKIT thus bridges the gap between the financial services and digitally backward customers/migrant people. It aims to eradicate digital illiteracy that prevails amongst the people who live in rural, semi-rural, and urban areas by creating access to basic financial and banking services in an innovative, convenient and simple way.
Speaking on the achievement, Amit Nigam, Executive Director and COO, BANKIT, said, “We are delighted to have clocked such noteworthy milestones during the last two years under our flagship BANKIT Agent program. At BANKIT, we provide best-in-class fintech solutions that can sufficiently address the various requirements of our customers. We are confident that the upcoming fiscal year will prove even more glorious as far as the Agent program is concerned as we continue to add one milestone after another.”
BANKIT is a FinTech start-up that offers basic yet modern banking, financial and payment services to the underbanked, unbanked and migrant population of India. It was established in 2017 with a view to minimize the level of digital illiteracy and so far, it has achieved its target with a commendable reach. It is headquartered in Noida and is expanding its human resource in terms of dedicated and loyal team members in the office and business partners in the marketplace.
BANKIT provides money transfer services like Domestic Money Transfer Service through which money can be transferred to any bank account in India without visiting a bank, and cash withdrawal services like Aadhaar Enabled Payment System through which money can be withdrawn using an Aadhaar of a person from any Aadhaar linked bank account in India and Mini ATM Service through which money can be withdrawn using a debit card of a person with the help of a small ATM device, Utility Bill Payment Service through which bill payments of multiple services can be paid through a single portal, Prepaid Recharges Service through which recharges of multiple billers can be done from a single place, LIC Premium Payment Service, Credit Card Bill Payment, Travel and Stay Service and PAN Card Center, etc.