FinMeadows Technologies Private

Limited
Prepaid Card Management
Solutions

[Type here] [Type here] [Type here]

Restriction on disclosure

The information (data) contained in this document constitutes confidential information of

Finmeadows Private Limited and is provided for evaluation purposes only. In consideration of
receipt of this document, the recipient agrees to maintain such information in confidence, the
disclosure of which would provide competitive advantage to others. This document shall not
be disclosed, used or duplicated, in whole or in part, for any purpose.

2
Powered by Fin Meadows Technologies Pvt Ltd
Table of Contents
ABOUT FIN MEADOWS 4
MISSION & OBJECTIVE 4
ASSOCIATE COMPANY OVERVIEW 4
FIN MEADOWS MANAGEMENT 6
FOUNDER & CEO 6
CO-FOUNDER AND DIRECTOR 6
WHY CHOOSE FINMEADOWS - TECH FINI ? 7
EFFORTLESS CARD ISSUANCE AND ACTIVATION 7
FLEXIBLE SPENDING CONTROLS 7
HIGHLY CUSTOMIZABLE WORKFLOWS 7
SEAMLESS INTEGRATION 7
EXCEPTIONAL CUSTOMER SERVICE 7
PREPAID CARD MANAGEMENT SYSTEM 7
SYSTEM ARCHITECTURE 8
OBJECTIVE 8
KEY PARAMETERS 9
KEY FEATURES 11
KEY FUNCTIONALITIES 12
INFRASTRUCTURE – 13
INTERFACE & APIS – 13
DR DRILL – 13
ENCRYPTION/SECURITY/LOGGING- 14
VERSION CONTROL – 14
UPTIME – 14
REGULATORY COMPLIANCE - 14
AUDIT REQUIREMENTS- 15
MIS/MONITORING- 15
RECONCILIATION – 16
ALERTS/NOTIFICATIONS – 16
PLANNED MAINTENANCE – 16
ROLES AND RESPONSIBILITY – 17
OTHER IMPORTANT POINTS & REVENUE GENERATION 17
COMMERCIAL ARRANGEMENT 17

3
Powered by Fin Meadows Technologies Pvt Ltd
About Fin Meadows
Fin meadows was founded in 2023 with a mission to revolutionize the fintech industry. We are
a provider of payment infrastructure solutions, serving businesses and individuals across the
globe.

Our journey has been marked by several milestones, including the launch of our School ERP
system “EduFini”, Spend Manager tool “SpendFini”, and Payment Switch “TransFini”. These
innovative solutions have helped businesses and educational institutions streamline their
financial operations, enhance customer experiences, and improve their bottom lines.

Our success is rooted in our unwavering commitment to customer satisfaction. We are

constantly striving to deliver innovative and reliable payment infrastructure solutions that
exceed our clients' expectations. This dedication has earned us a loyal customer base and a
reputation in the industry.

Looking to the future, we remain committed to our mission of driving fintech innovation and
revolutionizing the industry. We are excited to continue serving our clients with innovative
solutions that help them achieve their financial goals. Join us today and experience the power
of TechFini.

Mission & Objective

Formed with the mission of bringing State of the Art Products for our Esteemed Clients for
them to work with 'Client delight' in Mission Mode.

Our end objective is to provide a complete eco system in the digital payments space including
offline and online transactions. Offline acceptance includes POS/SOFT POS/QR code while
Online would include PG/SWITCH(Acquiring/Issuing) Cards and UPI. Our allied products will
add value to the end users Viz. ERP School solution, Expense management, Reconciliation
etc...

Ippopay Technologies Pvt is the group company of Fin Meadows Pvt Ltd.The promotors
would remain the same as in "IPPOPAY "along with the same shareholding pattern. All the
product solutions will be grouped under Fin Meadows to provide a differentiation.

Associate Company Overview

Founded in 2020, Ippopay Technologies Private Limited is a premier electronic payment
solution and payment service provider strives to bring advanced, secured, integrated, and
cost- effective electronic payment processing solutions and services to banks and e-
businesses in the India market, covering cards and electronic payment solutions, and other
prepaid card payments.

Ippopay Technologies Private Limited offer its variety of payment solutions through QR codes
and payment gateway services with Net Banking, NEFT, RTGS, IMPS and UPI mechanism for
collecting their both offline and Online business.

4
Powered by Fin Meadows Technologies Pvt Ltd
Having headquartered in Chennai, Ippopay Technologies Private Limited and offers its
professional payment solutions and quality local service support across India. We have
opened branch offices in Mumbai and Bangalore and are increasing our footprint to the rest
of India.

We provide individuals and corporate entities with latest electronic payment values that readily
enhance one’s quality of life and maximize business opportunities, efficiency and productivity.
We are constantly innovating & enhancing products from time to time based on market expectations.
We are a constitutionally compliant company in our domain nature of business.

5
Powered by Fin Meadows Technologies Pvt Ltd
Fin Meadows Management

Founder & CEO

Mr. Mohan K - He is a visionary who believes that the spread of digital technologies and the
digitization of information flows will benefit poor people. His strength of conviction in his
ideology which is a technology that is safe, secure and smart at the same time.

Mr. Mohan K an engineering graduate, has 14 years of extensive experience in technology and
services business. He believes that the rural sector can benefit immensely with a unified
payment solution. He strives to visualize his dream of empowering the common man with the
power of technology. Expertise in analyzing existing systems & procedures, preparing annual
operating plans, designing internal control systems and facilitating effective decision-making.

Co-Founder and Director

Mr. Jaikumar R an engineering graduate has comprehensive knowledge in prepaid
telecommunications, billing and payment solutions, he has developed most of the software
for IppoPay from basic. Co- Founder & CTO of IppoPay, has 9 years of experience in working
on different technologies and has experience in working for client Bank of America when he
was associated with TCS and passionate about building products. Strong knowledge in
creating Software Architecture, NodeJS, MongoDB, React, AngularJS, Android, PHP, MySQL
and API. Running a successful development lab for 3 years and now exit for IppoPay. He also
has trained most of our technical team members and oversees the work.

6
Powered by Fin Meadows Technologies Pvt Ltd
Why Choose Finmeadows - Tech Fini ?

Effortless Card Issuance and Activation

Our system simplifies the card issuance process, allowing you to effortlessly generate and
activate cards with just a few clicks. Say goodbye to time-consuming manual processes and
hello to efficiency and speed.

Flexible Spending Controls

Empower cardholders with customizable spending controls. Set limits, restrict usage in
specific locations or categories, and tailor the card experience to meet the individual needs
and preferences of your customers.

Highly customizable workflows

We understand that every business is unique, which is why we offer customizable solutions
that can be tailored to meet your specific needs. Whether you need a customized payment
switch or a school ERP that fits your unique requirements, we have the tools and expertise to
deliver.

Seamless Integration
Our Card Management System seamlessly integrates with your existing infrastructure.
Whether you use legacy systems or modern APIs, our solution adapts to your technology
stack, ensuring a smooth transition and minimal disruption.

Exceptional Customer Service

At TechFini, we are committed to providing exceptional customer service. We understand that
implementing a new payment system can be daunting, which is why we provide training and
support to ensure that the transition is as smooth as possible. We are always available to
answer your questions and provide guidance when you need it.

Prepaid Card Management System

The Prepaid Card Management System seeks to provide an extensive range of prepaid card
choices that address the diverse needs of customers. This empowers users to conduct
transactions, withdraw cash from ATMs, and oversee their finances without the complexities
associated with traditional banking. The cards are reloadable, affording users the flexibility to
efficiently handle their expenses and budget. Recent trends indicate significant growth in the
prepaid market, propelled by the increasing adoption of cashless transactions and efforts
toward financial inclusion.

Our Card Management services help organizations streamline their card programs, reduce
risk, and provide better customer experiences. Our automated processes and services help
organizations save time and money while improving the overall efficiency and effectiveness of
their operation.

7
Powered by Fin Meadows Technologies Pvt Ltd
System Architecture

Objective

The Prepaid Card Management System aims to deliver a robust, user-centric, and secure
financial solution that meets the diverse needs of its users while contributing to the growth
and development of the prepaid card market.

 Diverse Card Options: Offer a comprehensive selection of prepaid card options

tailored to various customer needs, including general-purpose cards, travel cards,
gift cards, and business expense cards.

 Seamless Transactions: Facilitate users in making purchases and withdrawing

cash from ATMs, ensuring a hassle-free and convenient payment experience.

 Financial Management: Enable users to manage their finances effectively without

the constraints associated with traditional banking, fostering financial
independence and control.

 Reloadable Functionality: Provide reloadable cards, allowing users to add funds

as needed. This feature enhances flexibility, enabling users to adapt to varying
spending requirements.

 Budgeting Capabilities: Empower the users to budget efficiently by offering tools

and features that assist in tracking expenditures, setting spending limits, and
managing financial goals.

 Security Measures: Robust security protocols to safeguard user data, prevent

unauthorized access, and ensure the integrity of transactions, instilling confidence
in users.

 User-Friendly Interface: User-friendly interface for both physical cards and

digital platforms, enhancing accessibility and usability for a wide range of users.

8
Powered by Fin Meadows Technologies Pvt Ltd
  Compliance with Regulations: Ensure strict adherence to regulatory standards
and compliance requirements, maintaining the integrity of the prepaid card system
and fostering trust among users.

 Scalability: The system is scalable, accommodating growth in the user base and
transaction volumes while maintaining optimal performance and reliability.

 Customer Support: Responsive customer support system to address user queries,

concerns, and issues promptly, ensuring a positive customer experience.

 Data Analytics: Dashboard has the data analytics to gather insights into user
behaviour, spending patterns, and preferences. This information can inform future
enhancements and customization of card offerings.

 Promotion of Financial Inclusion: Contribute to financial inclusion initiatives by

reaching out to unbanked and underbanked populations, providing them with a
secure and accessible financial tool.

 Adaptation to Market Trends: Stay abreast of market trends, technological

advancements, and shifts in consumer behaviour, allowing the system to evolve
and remain relevant in a dynamic financial landscape.

Key Parameters

Parameters Offerings
Card Issuance Personalized card
Non-personalized cards
Virtual cards

Card Specifications Reloadable cards - These credit cards allow

customers to add more funds, once the current
amount in the card is used.

Non-reloadable credit cards- These credit cards

function exactly opposite to the reloadable
credit cards. This means that these credit cards
do not allow users to add money to the card
once the current balance is used.

Open looped cards - Also known as open system

credit cards, these cards are branded with the
network that they are affiliated to. As a result of
this affiliation, all these cards carry a logo of the
affiliate’s brand and are issued only by a few
banks. Since these cards are open looped, they
are accepted by all merchants and at all
locations.

9
Powered by Fin Meadows Technologies Pvt Ltd
 Closed loop cards - Unlike open looped credit
cards, these cards are accepted only at the
affiliated merchant outlet. Generally, it is only
closed loop credit card holders who are issued
gift cards.

Semi-open loop cards - Working as a mix of

open looped and closed loop credit cards, semi-
open loop credit cards are the ones that are
accepted by multiple merchant outlets, who are
affiliated with the card. Most of these cards are
issued by retail chains or shopping malls only
and can be used at all locations that have stores
with the affiliated brands.
Usability of prepaid cards Prepaid debit card
Cafeteria/Food coupon cards
Gift cards
Loyalty cards
Travel/Transit/Toll
Co-branded vouchers
Insurance claim
Types of Cards General Purpose Reloadable Prepaid Cards
[The types below are to depict the various Prepaid Gift Cards
capabilities and use cases of the cards, the list is not
exhaustive and can be modified at any given time] Payroll cards
Government benefit cards
Prepaid Transit card
Prepaid Travel card
Health savings account card
Prepaid student ID card
Prepaid incentive card
Prepaid insurance card
Prepaid business card
Funding Options Direct Deposit
Cash through retailers/ financial centers
Tax refund direct deposit
Partner banks/Fintech
Withdrawal & payments Point of sale (POS) transaction
Online (e-commerce) purchase
BBPS
Bill payments
Card to card transfer
Online bill pay
Fees (Depends on org) No minimum balance
Monthly/annual fee
Account Management SMS alerts
Email alerts

10
Powered by Fin Meadows Technologies Pvt Ltd
 SMS/Call services
CMS
Features (Depends on org) Overdraft feature
Reward points
Loans
Insurance
Interest
Referral points
Fraud protection
Analytics
Card Management System
Support Dispute services
Troubleshoot services.
24/7 Customer support
Live chat support

Key Features
 Supports multiple card programs like prepaid, loyalty, Gift, Pre-paid with Loyalty,
Discount, Mall, Group, Corporate, government benefits, general purpose reloadable,
healthcare, travel and more
 Supports multiple card types (Physical/Virtual) Magnetic Swipe, barcode, RFI, EMV,
Ring and Mobile Wallet OTP, NFC
 Targeted and differentiated Card products; Exhaustive Fee Catalogue
 Comprehensive Prepaid Card Issuance Platform, supports Co-branded and private label
cards.
 Card Logistics, dispatch and delivery tracking & Inventory Management
 Parent Child Customer Relationship, Bucket and profile management
 Flexible Recharge of modes like Cash, Cheque, RTGS / NEFT or net banking
 Customer and Merchant Self Service Portal
 Automated settlement, reconciliation
 Reports & MIS - Provides a rich set of reports for Card Issuers, Partners, Merchants and
Cardholders
 Call Centre/ Support Centre Portal
 Administration Portal
 Risk Management – Control on spends for efficient fund management

11
Powered by Fin Meadows Technologies Pvt Ltd
  User Configurable Dashboards - Provides a rich set of Graphic reports, Customizable as
per customer requirements.
 Easier card management with multiple web interfaces
 Powerful Administration - Group and Role based system access
 High Performance System

Key Functionalities
Here is a comprehensive list of Prepaid Card Management System key functionalities
available, considering the regulatory guidelines:

Account Creation – Enables the creation of accounts for customers, linking them to bank
accounts and mobile numbers as per RBI guidelines.
Security and Encryption – Implements robust encryption mechanisms to secure sensitive
customer data during transmission and storage.
Authentication – Strict customer authentication procedure, such as two-factor authentication
(2FA), and adhere to RBI's security recommendations.
Authorization – Authenticates transactions to ensure validity and compliance with regulatory
guidelines.
Transaction Limits – Enforces transaction limits for customers as mandated by regulatory
bodies, maintaining transaction security and compliance.
Tokenization – Implements tokenization to replace sensitive customer data with tokens,
reducing the risk of data breaches and enhancing security.
Transaction Processing – Efficiently processes all types of transactions, including payments,
fund transfers, and other payment services.
Customer Support – Provides customer support for issues related to accounts, transactions,
and security concerns.
Transaction History and Statements – Maintains a detailed transaction history for customers,
allowing access to statements, receipts, and transaction records.
Risk Assessment – Implements risk assessment procedures to identify and mitigate fraud,
cybersecurity threats, and other risks.
Fraud Detection – Incorporates advanced fraud detection mechanisms to detect and prevent
fraudulent transactions, in line with RBI guidelines.

12
Powered by Fin Meadows Technologies Pvt Ltd
Card Management – Manages the creation and security of cards and PINs for customers,
ensuring compliance with regulatory requirements.
Security Updates and Patch Management – Regularly updates and maintains the cards
address security vulnerabilities adhering to regulatory changes.
Compliance Reporting – Generates compliance reports to regulatory bodies, including the RBI
as required.
Dispute Resolution – Implements processes for handling customer disputes, refunds, and
chargebacks (UDIR) in line with RBI guidelines.
PCI DSS Compliance – Ensures that all user data is protected, and that the system adheres to
PCI DSS requirements, especially if debit or credit cards are linked to accounts.
Data Retention Policies – Implements data retention policies in accordance with regulatory
requirements and best practices for customer data privacy.

Finmeadows will maintain required hardware along with security components as per statutory
guidelines at their certified DC & DR

Infrastructure –

The implementation of the solution will take place at Finmeadows Data Centre and Disaster
Recovery Centre, each with its independent test setup. The proposed solution is designed to
operate within clusters, employing high availability network load balancing. The Prepaid Card
solution will feature seamless online Data Center to Disaster Recovery replication and
retrieval capabilities. The solution will be hosted in High Availability (HA) mode at both the
Data Centre and Disaster Recovery sites. Finmeadows will ensure the proper sizing of the
hardware and software essential for the smooth operation of the proposed solution.

Interface & APIs –

The proposed solution is designed for seamless integration with the Bank's Alternate delivery
channels, including SMS and the bank's CBS. It will feature APIs for all Prepaid Card operations
and transactions such as Card issuance, PIN setting, Push transaction, Pull transaction,
Mandate registration/deregistration, Balance enquiry, Merchant registration, Transaction
listing, and more. Integration with the Bank's middleware will occur through standard
interfaces such as http API, REST API, MQ, socket, and Web services, accommodating message
structures in iso 8583, XML, JSON, plain text, or any other customized message structure as
specified by the bank.

DR Drill –

Finmeadows will conduct Disaster Recovery (DR) drills for the proposed solution, aligning with
the bank's schedule and requirements, and incurring no additional costs to the bank. These
13
Powered by Fin Meadows Technologies Pvt Ltd
DR drills are scheduled to occur at a maximum frequency of quarterly intervals. The DR drill
plan, backup plan, and proposed timings will be shared in advance and require approval from
the bank at least one week before initiation. Any precautions necessary for the bank will be
communicated at least four days prior to the DR Drill. Following completion, a DR drill report
will be provided for submission to the auditors. The Recovery Point Objective (RPO) for
planned DR drills is set at zero, and the Recovery Time Objective is targeted to be less than
one hour. Finmeadows is committed to providing necessary support to the bank during DR
drill activities.

Encryption/Security/Logging-

The proposed solution is designed to support TLS 1.2 and above, ensuring secure
communication. Server-to-server communication will occur over a secured port. The solution
is equipped to support encryption algorithms like triple DES and offers 256-bit AES encryption
for data at rest at the Data Center (DC) and Disaster Recovery (DR). Additionally, it ensures
encryption for data-in-flight during replication, with no anticipated future cost implications.
Sensitive data defined by the bank will be stored in encrypted form within the database.

Audit trail reports for transactions will be available upon request from the Bank's internal or
external auditors. Audit logs will be maintained at both the application and database layers.
Transaction logs will be logged in both a flat file and the database, with provision for archiving
logs based on the bank's requirements (yearly or quarterly). These logs will be maintained in
an encrypted state, following a standardized format for ease of parsing. Log settings will be
configurable solely through the front end, ensuring that no transactions are performed
without logging. Any configuration changes will be logged comprehensively.

The encrypted logs will be visible exclusively through the front end or a designated tool
provided for log viewing. Interfaces exposed by the solution will incorporate robust security
mechanisms to thwart unauthorized connections. All interface calls will be logged in both a
flat file and the database. The interfaces can support the encryption/signing of transferred
data. The application software is designed to mitigate Application Security Risks at a
minimum, and the audit logs are suitable for forensic evidence.

Version Control –

The proposed solution will be equipped with an effective version control system, and
Finmeadows will maintain a distinct version record. Any modifications to the version will be
communicated to the bank in advance.

Uptime –

Finmeadows commits to ensuring a system uptime of 99.95% for the proposed solution at
both the Data Center (DC) and Disaster Recovery (DR) locations throughout the contract
period.

Regulatory Compliance -

14
Powered by Fin Meadows Technologies Pvt Ltd
Finmeadows commits to adhering to all guidelines set forth by RBI, and any other relevant
government agencies applicable to the proposed solution. This includes compliance with any
subsequent amendments to these guidelines. In the event of alterations to the guidelines by
any of the mentioned authorities, Finmeadows pledges to comply without imposing any
additional costs on the bank. The proposed solution is open to audits by RBI or any other
regulatory authority. Any observations made by these entities will be addressed by
Finmeadows within the timelines specified by the regulatory agencies, with no extra costs
incurred by the bank.

Audit Requirements-

All audit logs will be activated, and encryption and security features mandated by regulatory
bodies, including RBI, will be implemented. These logs and security measures are subject to
potential audits by the regulator, sponsor bank, or third-party auditors appointed by the bank
or regulator. However, no more than two such audits are anticipated annually. Depending on
the arrangement, Vulnerability Assessment and Penetration Testing (VAPT) Audits may need
to be conducted periodically, either by the bank or Finmeadows, as agreed upon. Any
identified vulnerabilities must be addressed within one week of notification, in addition to the
ongoing maintenance of security measures by Finmeadows. Furthermore, Finmeadows will
commission a source-code audit review, encompassing VAPT, EAPT, and server hardening,
through an external agency accredited by CERT-In.

Upon request, the code review document can be shared with the bank prior to going live.
Finmeadows commits to providing and implementing solutions that address all audit points
raised by the bank's internal or external teams during the contract period. This will be done
within the agreed timelines and without incurring any additional costs for the bank.

MIS/Monitoring-

The proposed solution aims to furnish comprehensive reports concerning cards,

encompassing risk management and various analytical reports presented in both data and
graphical formats. All data will be real-time, providing access to information up to the current
moment. The format and details of the reports will be shared with the bank during the
implementation phase. Additionally, Finmeadows will supply reconciliation reports along with
the reports, accessible for any specified date range. The front-end interface will incorporate
role-based user access for these reports.

Finmeadows will introduce a centralized dashboard that facilitates monitoring, management,

and configuration/modification of the entire card solution. This dashboard allows users to
search transactions using various parameters such as transaction ID, RRN, account number,
mobile number, reference number, channel ID, or any other fields as requested by the bank.
The dashboard will display the current system status and reports requested by the bank,
including:

 Number of cards processed from the start to the current moment.

15
Powered by Fin Meadows Technologies Pvt Ltd
  Number of transactions with unknown status.
 Number of failed transactions with associated response codes.
 Merchant/Aggregator-wise Value and Volume.
 Status of original and verification requests for a given transaction.
 Business decline transactions for the day/month/year.
 Technical decline transactions for the day/month/year.
 Daily/Monthly Downtime percentage with reasons.

In addition to the above, any additional reporting requirements raised by the bank can be
developed to meet specific needs.

Reconciliation –

The proposed solution introduces a reconciliation module designed to conduct reconciliation

among various components, including Bank CBS/other delivery channels, card module, and
bank transaction reports. It aims to generate a comprehensive list of transactions, outlining
details such as the total number of transactions, transactions with unknown status, failed
transactions, timeouts, and associated response codes. As part of the day-to-day operations,
the reconciliation processes will harmonize the data and calculate the net settlement amount
payable to or by the bank.

The suggested approach involves creating an interface to facilitate the uploading of raw data
files from the bank to the reconciliation system. This ensures that all raw files from the bank's
CBS and alternate delivery channels are exclusively uploaded through this system. To maintain
data integrity, logs will undergo comparisons with both actual data and the CBS log. The
transaction status will be meticulously documented with corresponding codes and
descriptions.

Any changes in the status of a transaction will undergo a double verification process, requiring
access credentials through a designated interface. Access to this module is extended to both
bank personnel and the service provider. The reconciliation activities will be jointly conducted
by Finmeadows and the bank. Compliance with the bank's stipulated Service Level Agreement
(SLA) for reconciliation timelines will be diligently observed by Finmeadows and the bank. The
reconciliation efforts encompass transactions originating from all delivery channels.

Alerts/Notifications –

Alerts/Notifications for System Exceptions, Connectivity Interruptions, and Service Outages

will be delivered. Configurable notifications for Business Violations and Transaction Failures
are also available. Customized SMS/Email alerts will be issued in accordance with the specific
requirements of the bank.

16
Powered by Fin Meadows Technologies Pvt Ltd
Planned maintenance –

Finmeadows will provide the bank with advance notice of any planned maintenance, ideally at
least three days in advance.

Roles and Responsibility –

The distribution of Roles and Responsibilities can be negotiated and finalized based on the
comfort level of the Bank.

Nevertheless, Finmeadows anticipates deploying and managing the end-to-end solution on its
premises, overseeing all technical operations associated with the business. Finmeadows will
seek the Bank's assistance in Settlement and in executing the complete business model,
including onboarding various offline and online aggregators/merchants, depending on the
bank's comfort.

Other Important Points & Revenue generation

 The current hosting for data storage resides on the cloud using reputable vendors such
as AWS (Amazon Web Services). Nevertheless, Fin Meadows is open to considering
solutions proposed by the bank in alignment with its risk policy.
 Fin meadows is capable of providing APIs for diverse services to both merchants and
the bank.

Commercial arrangement
To be fulfilled by Business team

A. PREPAID CARD – Set up Fees

Item Description Price

Setup fee One-time setup fee
Maintenance & Cost of maintenance &
Support Charges support including
monitoring
Card Issuance Once per card, for physical
cards inclusive of delivery
Annual Fee Annual charges, to be
renewed annually
Card Collateral

B. Additional Services

Item Description Price

Additional Integration Cost of single integration

17
Powered by Fin Meadows Technologies Pvt Ltd
 Man-day cost Development/support cost
depending on scope of
customization and worth
required
Onsite fee Onsite travel in addition to
out of pocket

C. PREPAID CARD – Recurring Fees

TIER Description Charges

INR 1 to INR 1,00,000/-

INR 1,00,001/- to INR 2,00,001/-

INR 2,00,001/- to INR 5,00,000/-

INR 5,00,001/- to INR 10,00,000/-

INR 10,00,001/- to INR 15,00,000/-

INR 1.5 million and more

 The above fees do not include taxes and other statutory liabilities.
 Ongoing Service fee will be billed at the end of the month.
 Out of pocket and travel expenses not included;
 Does not include Scheme/Security certification charges;
 Does not include Switch integration update charges which are significant in work
 The payment terms are defined as per mutual understanding

18
Powered by Fin Meadows Technologies Pvt Ltd