Financial Inclusion

Financial Inclusion (FI) is the delivery of banking services at an affordable cost to the disadvantaged and low-income groups of our society. Availability of banking and payment services to the entire population without discrimination is the prime objective of this public policy of the Indian Government.   Despite making significant improvements in all the areas relating to financial viability, profitability and competitiveness, there are concerns that banks have not been able to reach and bring vast segments of the population, especially the underprivileged sections of the society, into the fold of basic banking services.   Given the aforementioned developments, C-Edge has launched its own Financial Inclusion solution for banks. The C-Edge Financial Inclusion (FI) Gateway is a micro banking environment that encompasses customer enrollment, transaction processing, account life-cycle management, device management, integration with banking and messaging systems.   The processing engine or switch, is a high-performance module used to acquire, route and authorize financial messages from multiple electronic channels on standard financial message protocol ISO 8583 and other proprietary protocols. It transparently integrates banking host, pre-paid card host and card management systems for authorization of messages.   Seamless integration of biometric devices, smart card, hand held devices, smart phones, POS and micro ATM enables deployment of micro banking services anywhere.   The platform complements life-cycle management of BC and CSP by making use of a simple, ultra-fast double entry accounting system. The gateway can be configured as conduit that forwards transaction messages without adding processing capabilities to support existing BCs. The minimalist configuration enables smooth migration of BCs to new environment over a period.   Bank could make use any one of given module to interact with end customers.

  • Kiosk Banking
  • POS(Micro ATM)
  • Mobile

FI-Gateway supports following micro banking transactions and activities:

  • Account Opening
  • Cash Deposit – Credit to account
  • Cash Withdrawal – debit to account
  • Balance Inquiry
  • Mini statement
  • Fund Transfer to other accounts within a bank
  • Third party fund transfer
  • Bill Payment
  • Aadhaar enabled payments (AEPS)
  • Recurring Deposit – RD
  • Fixed Deposit – FD
  • Overdraft Accounts – OD
  • Kissan Credit Card – KCC
  • Electronic Benefit Transfers – EBT
  • NREGS Payments
  • CSP & BC Transaction Reconciliation
  • CSP Cash Management