Convenient Banking
Anywhere, Anytime!
Introducing the Future of Financial Inclusion
Compact & Portable Banking Kiosk – Your banking solution that fits in any space. No more searching for an ATM or waiting in long queues. Our Banking Kiosk is designed to be small, compact, and easy to install, making it perfect for any location.
Versatile Transactions
Cash Withdrawal
Cash Deposit
AEPS Transactions
Balance Enquiry
QR CODE withdrawal
Unique Selling Point
Our Banking Kiosk doesn’t require separate rental space. It can be Installed anywhere which is having crowd like:
- Gram Panchayats
- Malls
- Bus Stands
- Grocery Stores
- Medical Shops
- Petrol Bunks
Affordable Investment
Invest in convenience, invest in the future.Make banking accessible for everyone with our innovative Banking Kiosk machine. Contact us to bring this change to your business and community
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FREQUENTLY ASKED QUESTIONS
What is NeFT?
NeFT, Nevida FinTech, is a financial technology startup that provides innovative Banking solutions to underserved communities in rural Bharat through a corporate Business Correspondent model.
Why was NeFT created?
NeFT was established to address the lack of basic banking services for over 50% of the rural population in Bharat, aiming to bridge the financial service access gap in remote locations.
How does NeFT’s portable Cash Vending machine work?
NeFT’s portable Banking Kiosk machine is designed to be easily integrated into small businesses, allowing for cash dispensing and all bank cash deposits. It operates on a shop-in-shop-out model, making banking services highly accessible in rural areas.
How robust is the cash vending machine?
The cash vending machine is designed to withstand all types of atmospheric conditions, ensuring reliable performance in various environments.
What about the warranty of the machine?
We provide a 1-year warranty for the machine, ensuring reliable performance for our customers.
Who is responsible for filling cash in the machine?
The merchant is responsible for filling cash in the machine
What should a customer do if a transaction fails but money gets deducted?
If a transaction fails but the money gets deducted, the customer should immediately contact the merchant to resolve the issue on the spot. The merchant will assist in addressing the problem
Who is responsible for counterfeit notes found in the machine?
The merchant is solely responsible for any counterfeit notes placed in the machine. It is the merchant’s responsibility to carefully ensure that no counterfeit notes are loaded into the machine.
Is the cash vending machine RBI compliant?
As we operate under the banking correspondence model, our cash vending machine automates the present BC model of transactions. Currently, there are no specific RBI regulations governing this automation. However, we proactively disclose all our activities to the Reserve Bank of India (RBI), the National Payments Corporation of India (NPCI), and other concerned regulatory authorities to ensure full transparency and compliance with existing financial regulations.
What about the service? How do you handle repairs for the machine?
We have partnered with CMS InfoTech, which provides comprehensive assistance for servicing and repairing our machines for merchants. In the event of any issues, CMS InfoTech will ensure timely and efficient maintenance to keep the machines operational.
How will the merchant know how to operate the machine?
We provide a detailed manual that explains everything the merchant needs to know about operating the machine. This manual covers all aspects of usage, ensuring the merchant can effectively and efficiently manage the machine.
How do the transactions exactly happen?
Withdrawals and deposits are facilitated through different mechanisms:
● Withdrawals: These are conducted via a POS machine that acts as a payment aggregator, provided by Pine Labs. The customer inserts their card into the POS machine and on verification from the settlement bank cash gets dispensed.
● Deposits: These transactions are managed through the Paysprint platform, which handles the deposit process through API call.
Both methods are on par with NPCI guidelines to ensure secure and efficient transactions for customers.
What security measures do you have in place to prevent data breaches?
We are currently in the process of obtaining PCI DSS (Payment Card Industry Data Security Standard) certification, which is considered the gold standard for data security worldwide. This certification ensures that we implement the highest levels of security measures to protect sensitive data and prevent data breaches.
What is the source of internet for the machine?
The machine uses multiple SIM cards to ensure a reliable internet connection. This redundancy helps maintain connectivity and ensures consistent operation even if one network faces issues.
CONTACT US
Nevida FinTech (NeFT) is a Financial Technology Company committed to driving financial inclusion across bharat.
QUICK LINKS
CONTACT US
- +91 9154375252
- connect@nevida.in
- No-30, Ekambaram estate, Alapakkam, Porur, Chennai, India-600116.
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