Pushed to make life easier by offering a one-stop answer to the customers to pay their multi-utility payments utilizing a single window, XPay.Life, the most recent providing from the XIPHIAS, has launched its operations in India. Powered by a blockchain-based transaction framework, the corporate gives a large spectrum of digital invoice fee providers, together with Contact Display screen Kiosk, Internet, Cell App, POS System and Cell ATP Van. XPay.Life caters to each B2B and B2C segments.
Based by Mr Rohit Kumar (CEO) and Mr Bohitesh Misra (COO & CTO), XPay.Life permits invoice fee via Contact Display screen ATP Kiosk, PoS machine and Cell Van which accepts each money and credit score/debit playing cards as a digital technique of fee. It’s based mostly on the AMBIC Mannequin, which stands for Synthetic Intelligence, Mobility, Blockchain, IoT and Cloud, to offer the best degree of transparency throughout transactions. This primary-of-its-kind FinTech firm additionally gives ‘one-click’ processing for transactions throughout all digital channels.
Talking on the launch, Mr Rohit Kumar, CEO of XPay.Life, stated, “Whereas India’s FinTech sector has witnessed unprecedented development, the adoption of FinTech providers stays solely restricted to the city centres. With XPay.Life, we purpose to vary this and produce the advantages of digital funds to the unbanked pockets of the nation. Our contact display screen kiosks are focused on the rural inhabitants, whereas the cellular app and web site cater to the city Indians. The thought behind the inception of XPay.Life was easy – to drive digital empowerment for new-age India. From a enterprise perspective, now we have achieved 100% month-on-month development within the final 10 months.”
By the Cell Vans, XPay Life is aiding rural improvement, creating employment via VLE( Village Degree Entrepreneur) and rural monetary inclusion within the digitization of PAN India.
Integrated in 2019, XPay.Life has accomplished 1 lakh transactions within the beta model, which is price INR 5 crores. By way of geographic presence, the corporate gives providers throughout 18+ cities in India with 50,000+ pin codes.
“We have now partnered with all main banks to additional increase our attain. The deployment of the ATP kiosks at ICICI ATMs has created a brand new benchmark. Furthermore, the prototype of the Cell Van consisting of the ATP kiosk, Merchandising machine and mini-ATMs is already facilitating invoice funds in distant villages and creating ripples within the invoice fee business,” added Kumar.
A cornerstone of XPay.Life’s plans for the longer term is to deploy providers for 253 billers at their assortment factors via the ATP kiosk and PoS gadgets that assist in queue clearing. The corporate additionally goals to deploy 1 lakh ATP Kiosk, PoS gadgets and Cell Vans throughout tier-III and tier-IV cities within the subsequent three years.
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