30 Fastest Growing Companies in Asia 2017

Leveraging technology - Connecting the middle and low-income groups and providing world-class service: Pay Point

thesiliconreview-pay-point-2017Every household consumes numerous essential services like electricity, gas, water, landline, banking, mobile phones, etc. Besides these, households also need services with discretionary spending like DTH, travel, entertainment, remittance / money-transfers, financial services, etc.

India, the largest democracy with over 250 million households, is witnessing enormous growth in the services industry. While new services are being introduced, the consumer base of the already offered services is growing at a steady pace. The process of availing and making payments for these services is often cumbersome and time-consuming due to the lack of an effective and sufficient service delivery channel.

Any mode Anytime Anywhere

Founded with a vision to empower the youth with entrepreneurial opportunities while contributing to the country's growth, Pay Point provide solutions to capitalize on the enormous need, which will continue to grow in view of the under-penetration of the offered services, the growth of the service sector and increase in spending power of the average consumer.

Pay Point India’s solution provides consumers a quick and easy, single-stop access to a wide array of services. Consumers can purchase or make payments for almost any fast moving consumer service, like Utilities, Travel, Cinema, DTH / Mobile Recharge, Banking & Financial services, etc in their neighborhood. Pay Point provides consumers this convenience by creating a franchise network of conventional mom and pop stores located in the consumer's neighborhood. These franchisees are equipped with a multifunctional terminal, which is connected to the service providers' servers and executes transactions on a real-time basis.

Pay Point Offerings

Pay Point India leverages technology to offers a compelling solution while adding value to all its stakeholders – Retailers, Distributors, Consumers, Service providers, and Vendors. A consumer gets the convenience of accessing a wide array of services at a Pay Point Shoppe in his neighborhood either free of cost or at a nominal fee.

A service provider is able to better service their current sub-base of consumers and reach millions of prospect consumers through thousands of Pay Point outlets across the country. A retailer earns a substantial income (commission) by facilitating these transactions and better connecting the consumers and the service providers. Millions of consumers have used the Pay Point convenience to reach 60+ service providers through over 47,000+ Pay Point Retail outlets.

Tier-1 Products and Services by Pay Point


SBI Kiosk Banking BC model aims to provide a real-time, user-friendly banking services to the consumer in their neighborhood. Pay Point India has been a National 'Business Correspondent' for the State Bank of India since 2011. As per this arrangement, Pay Point India is authorized to provide Kiosk banking service to its present retail network and create new Kiosk Banking agents across the country.

Through the Kiosk banking solution the following services can be offered:

  • Tatkal Money Transfer to any SBI Bank account
  • IMPS Transaction/ Balance inquiry
  • Deposit / Withdrawal of Cash
  • Fixed deposit/E-KYC enrolment
  • Aadhar Enabled Payment System(AEPS facility)
  • Rupay ATM card/SBI Identity card
  • Loan-deposit/Recurring deposit
  • Social Security Schemes(PMJJY, PMSBY & APY)


Pay Point India has been authorized by Indian Railway Catering & Tourism Corporation as a Principle-agent to appoint IRCTC agents across India. Through Pay Point India's platform, these agents will be able to make online reservation of railway berths and generate tickets for passengers. It is a great opportunity for retailers to become authorized IRCTC E-ticketing agents.

Money Transfer

Tatkal Rupya was launched by Pay Point India in association with Pay Pointz Wallet in early 2012. The product has been designed by Pay Pointz Wallet to provide customers Money Transfer services with great convenience in their neighborhood. A unique business opportunity for retailers to be able to provide Money Transfer service to both banked & unbanked customers.

Pay Point India has been authorized by Pay Pointz Wallet to appoint Money Transfer agents across the country.


Mobile & DTH Recharge is now at Fingertips. Pay Point India with its innovative technology has developed an Android mobile Application for Retailers and consumers. The product enables users to recharge Mobiles and DTH connections in a few seconds through any PC, Laptop or phone with Internet connectivity.


Every household consumes services like electricity, telephone, mobiles, gas, water etc. which lead to at least 2-5 bills to be paid for every household on a monthly basis. Pay Point's proprietary web platform enables easy payments for various service providers through one single web login. Pay Point India has been authorized to create retail agents to accept and process bills for several utility service providers.

True Value

It is a complete services package. Users’ entry into the complete online essential service distribution. True value services from Pay Point India are a complete services package that will transform the entire user outlet into an FMCS (Fast moving consumers services) hub.

The Citizen Centric Company

Pay Point is the India's first and largest "Fast Moving Consumer Services" company. The company’s vision is all about Bringing inclusive prosperity by partnering with government agencies and financial institutions for citizen-centric projects.

By empowering consumers with the choice and convenience of making payments, Pay Point brings convenience to the consumer's doorstep enabling them to access a diversified range of services through a vibrant delivery mechanism.

Knowing the Chief

Ketan C. Doshi is the MD/CEO at Pay Point India. Ketan leads the team with his strategic intervention to convert the potential into active performance. With a ground-level approach and first-hand experience, Ketan has founded and built many successful enterprises. Ketan has done his Masters in Financial Services Management from Mumbai University, Diploma in Investment from Jamnalal Bajaj Institute of Mgmt Studies and also Inter Chartered Accountancy.

“Time is inarguably the most precious resource and that's what we help customers to save, besides many others.”