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Fintech startup Eko Joins Hands With NPCI And RBL Bank; launches Semi-Closed Prepaid Wallet


10 December, 2015, Gurgaon: Finetech Company’s, Eko, has joined hands with National Payment Corporation of India (NPCI) and RBL Bank Limited (RBL) and launched its semi-prepaid wallet service. With the help of this new service, users can send, deposit or make payments by using Immediate Payment Services (IMPS). It also provides a handy tool to its users as with this tool user can send remittances to any bank.

Apart aforementioned services, it also allows its users to make utility bill payments, retail merchant payment etc. Commenting on the launch of the service, Abhishek Sinha, Co-Founder & CEO, Eko India Financial Services Pvt. Ltd., says, “We believe that we now have a framework that is available to us at a significantly lesser cost and with complete ownership of the product. This framework of PPI supported by the foundation of NPCI, Aadhaar, rapid adoption of smartphones, millions of customers having PMJDY accounts with DBT transfers, combined with the innovation quotient of our team, is a unique canvas for Eko to bring disruptive payment & financial services to the market.”

Founded in the year 2007 by Abhishek Sinha and Abhinav Sinha, Gurgaon based company delivers mobile money services based on USSD, SMS and IVR with the help of its two factor authentication technology.



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