The NeoBanking scenario in India is primarily for Smartphones and internet-based transactions. But lack of proper internet connection everywhere is a major concern. Adding to that is the use of non-smart phones, which comprises of over 50% of the population.
An offline, as well as an online-based secure mode of payment, it can be used by consumers & merchants equally with or without the use of a smartphone.
The use of YuvaPay Solution has helped 2500+ villages to incorporate the collection facility where regular UPI and online payment solutions are difficult.