It’s undoubtedly true that Adarsh Credit is one of the most renowned and reputed credit co-operative societies in India.Through our great financial products and continuous efforts to encourage rural India with our tech-savvy adoptions, we have contributed a lot to strengthening this country’s economy.Moreover, whether it’s about promoting women empowerment or adopting a school in the town, we at Adarsh Credit have always been active and forefront.
Apart from our continuous efforts to encourage Indians to go digital, we have done something Big this time. In line with ‘Digital India’ dream envisioned by our Prime Minister Shri Narendra Modiji, Adarsh Credit Co-Operative Society has taken a great step towards making India digital. We are very happily announcing here that we have tied up with Oxigen Services-one of the brightest names in India providing payment solutions.
Adarsh Credit’s association with Oxigen
As per this tie-up, more than 2 lakh retail counters will work as Adarsh Credit’s business correspondents.Through this partnership, they can avail Adarsh Credit’s financial services such as fixed deposits, recurring deposits, share capital, loan, etc.The retailers will offer services such as account opening with e-KYC, Aadhaar-enabled credit and debit, recharges, Bharat Bill Payment Services and more. Through this partnership, Oxigen Services will install micro ATMs and shape up the branchless banking initiatives.
Our CEO’s words on this tie-up
Speaking on this tie-up, our CEO & MD, Rahul Modi said that this tie-up will be a game-changer in the rural India’s financial landscape. With micro ATMs of Oxigen, Adarsh Credit will soon reach the 2020 target of acquiring 100,000 new villages that will have access to financial services.At present, Adarsh Credit owns a core banking platform, SAP license, 800+ physical branches, and 3+ lakh agents; serving more than 18 lakh account holders as members across the country.
This single largest placement of 100,000 micro ATMs in one year will serve rural and suburban people in the country. This association with Oxigen will benefit about 1.8 million members of Adarsh Credit availing cashless payments and other financial services to people.
Adarsh Credit Co-Operative Society Ltd.is a pioneer in the Indian co-operative society landscape. With our 100% business through the digital framework, we are doing our best and will continue putting in our best endeavours to make India digital.