Executive Summary

• This deck contains additional services that any payment bank can sell & create
strong differentiation. Below diagram shows 5 key functions:

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5 Functions of Payment Bank

Insurance
• Need based insurance (duration/situation) products can be sold, these will have very low premiums, but high buy rates e.g. Bus Cancellation Insurance,
Travel Insurance, Baggage Insurance, Flight Insurance
• Traditional Insurance Products

Investments
• SIP, Small/Micro Investments, Savings etc.
• Traditional Investment Products

Payment Services
• Any kind of payments at any of the outlets, be it payment of local tax, electricity bill, water bill, telephone/mobile bill, toll tax, etc (All must have
performed e-kyc)
• People can give cash at the outlet & get any of the above made. (Receipt be given through a swipe/payment machine)

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5 Functions of Payment Bank

Donations
• Micro-donations should be allowed to be made with every payment say add Re. 1 with a tick-box, all money collected should be disbursed in local
hospitals for each of the patients nominated by doctors/charitable institutions – Payment bank will charge 1% flat fee & disburse the remaining amount
to the donee(s)
• This will have extremely strong branding & social impact (each of the disbursements can be within Rs. 1 lacs)

Remittance (Money Order)

• Money order business is still dominated by India Post (As of 2016 Annual Report) they make about Rs. 450 crore through commissions per annum
• Tie-up with a telecom carrier say BSNL (Since Airtel, Vodafone & Idea have their own Payment Banks)
• Use-case: Money can be sent to any part of the country to its agent for a nominal fee (Ekyc mandatory for sender) & sender sends the photo/id or a
password which only recipient knows to get the money.

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