Digiosk India: Perfect Digital Solutions For Your Business
We have always been so comfortable with the traditional method of transaction i.e “via cash”. Nevertheless, it is vital to know how digitization with regard to making payments has transformed the nation in multiple ways. You may have witnessed how the government is pressing hard and rewarding the users for using digital methods over the conventional ones.
There have been campaigns, advertisements, broadcasts, promotions, displays, hoardings, and announcements educating the society towards digitization. Besides allowing buyers to pay directly from their banks, it has multiple benefits like no fear of losing money, getting reward points, easy tracking, and better financial management.
Looking for an exquisite Digital Payment Solution for your Business? Meet Digiosk.
Digiosk has fascinated users for the last couple of years with its strong, robust and flexible API. This means that you can customize the platform to meet your business needs, whether you have a subscription-based company or an on-demand marketplace.
The Rise and Rise of Digiosk
Started in 2018, Digiosk is one of the fastest and simplest payment solutions designed for individuals and merchants. Digiosk eliminates the complexity of payments and offers secure payment solutions to suit the unique business needs of the customers. This payment solution provides you with the necessary functionalities to streamline the advanced online payment processes and helps you to redefine your business arena.
DigiOsk facilitates this emerging business concept with a wide range Prepaid Card Program that allows the users to add, withdraw, send fund to other users, spend online, in-store, online payment or withdraw from the most ATMs
It is a very convenient and safe solution for businesses and professionals to send and accept money from any location in the country. Two types of accounts are available for those who want to use DigiOsk for personal use as well as business accounts for bigger and complex requirements. It functions similarly to other payment processing platforms and can perform traditional online payment transactions.
It has all the features one expects from an online payment processing platform. The system makes it very convenient for users to send and receive money online. DigiOsk guarantees to keep the platform as simple, versatile, and secure as possible.
One man’s power of passion: The Story of a young entrepreneur, his will and clarity of thoughts and what difference can it make.
The Company is currently spearheaded by a young first-generation entrepreneur Rohit Kadam. Rohit Kadam is Managing Director of the Company and an experienced product professional with in-depth knowledge and experience in digital payment, mobile wallet, product solution, innovator and entrepreneur.
With his vision, the Company achieved within the first year of operation the 250,000 user base which will reach 1 Million by end of this year given the UPI and prepaid card launch of this year.
Rohit has a stronghold on payment and banking technology and core business concepts and he is aspiring to make Digiosk the next big thing in payment technologies. Behind all these successes there has been sheer hard work and passion. It was hard for a young guy to reach out to seasoned bankers and convince them to allow the use of banking technologies like UPI, AEPS and other banking services. Rohit also made his inroads with all the initial struggles and rejections in bank channels and made a name to reckon with. Today Digiosk is a known name in Domestic Money Transfer (DMT) and online payment segment among bankers and financial institutions.
In the words of Mr. Rohit Kadam, Managing Director of Digiosk“The world is full of failures and challenges. One who maintains consistency and patience will survive.”
The managing director has the expertise in developing and implementing strategic plans and spearheading business operations, process reengineering, digital payments, process implementation, operations, fraudulent risk management, customer support, Mobile wallet, B2C, B2B, Aadhar payment, BBPS. cross border payments, blockchain architecture with finance professionals.
Rohit also believes that Indian digital payments sector has limitless possibilities and will continue to see adoption of disruptive technologies, new business models and customer centric products.
Want to know more about this promising company? We had a conversation with the founder to bring you exclusive insights on who they are, how they work, and what they believe in. Here’s a quick glimpse.
Motivation towards building the company: Digital India and financial inclusion were the main thoughts to bring Digiosk into a shape. The target audience was the same which is unbanked or underbanked and away from the digital revolution in payments.
Different from competitors: The strong rural outreach makes a difference for Digiosk. With the launch of Digiosk Digital Outlets (DIDO) Digiosk will bring a robust change in the way of living and doing businesses in villages.
Network: The current focus of Digiosk is the underbanked and unbanked populace where outreach and acquisition are easy however conversion into transactions is challenging.
Research and Development: We are pleased to announce the addition of the “QR Code based UPI payment feature” at all Digiosk merchants. Unified Payments Interface (UPI) powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one and enables “Peer to Peer” collect request also.
Use of AI: Adoption of new technologies and sensing the need of the market is the core of R&Ds. The first-mover advantage is possible through R&Ds only. Digiosk is also constantly working on reducing the processing time and success rate of online transactions.
Employee Satisfaction: The initial lot of good hands are very important to continue. However, retention is a challenge for a startup. Digiosk makes the work environment like a family for all employees and follows all good human resource practices at the same time and maintains start-up level motivation to always work extra miles.
CSR Initiative: The core concept of Digiosk was to bring a digital revolution in rural India and financial inclusion. Digiosk is a 100% CSR organization this way as their entire business is in Rural India with a noble cause of making India a Digital India.
Achievements: Digiosk recently launched UPI services through its banking channels. It is also in the process of launching a prepaid card product. Digiosk has created a promising user base of 250,000 and will take it to 1 million this year.
Only those who will risk going too far can find how far one can go.
The Company is surely getting ahead with its payment services licenses from RBI once it achieves its forecast and revenue milestones. Digiosk is currently operating the prepaid cards under the Bank sponsored licenses and soon will add more banks to reduce dependencies on one bank.
Digiosk is also in the advanced stages of acquiring and tying up with NBFCs for expanding its wings into digital lending and already received the committed funding for lending portfolios from lenders.
