Democratizing financial access

⁄ abhinav

Retailer as a service

Challenge: UX

⁄ Literacy⁄ Language⁄ Device⁄ Access⁄ Time and motion

Solution

⁄ Number dialing based secure transaction interface

⁄ Missed call⁄ Only numbers⁄ Works on ULCH⁄ Low-cost

Digitization of transaction

*543*9812345678* 999*1620#

BENEFICIARY AMOUNT AUTHENTICATION

Digitization of signature

V2 | Paper equivalent to RSA device + PIN | Only Numbers | Low cost | Innovation

PIN

OkeKey

*543*9812345678*999*1620# Beneficiary’s Mobile No Amount ‘Signature’

⁄ Paper equivalent to RSA device + PIN ⁄ Low-cost strong 2FA solution

Deposit | Withdraw | P2P Money Transfer | Tatkal Deposit using Mobile

Over Rs. 6000 crore handled by Eko SimpliBank till date. More mobile initiated transactions handled by Eko than most other mobile banking initiatives in India!

Key figures

Other initiatives

• NEFT• IMPS• RD/ FD• Card based products

“Eko is an example of a supreme garage innovation! If you thought the rate of change was fast thanks to the garage innovators of Silicon Valley, wait until the garages of Delhi, Mumbai and Bangalore get fully up to speed. I sure hope we’re ready –NYT”

- Tom FriedmanVisited Eko – Oct 2010