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BANKIT unveils experience stores to help India’s underbanked and migrant population

By Gloria Mathias

November 07, 2023

  • Aadhaar or Debit Card Cash Withdrawal
  • Banking technology

BANKIT, SBI, SBI Life Insurance, LIC, Life Insurance Corporation, Insurance Services, Insurance SolutionsBANKIT has announced the opening of its Experience Stores aimed at transforming the banking and financial accessibility landscape for the underbanked and migrant population.

The inaugural Experience Store in Khoda (Noida) marks the beginning of a new era in financial services, and BANKIT is set to expand its presence in densely populated areas across Gurgaon, Ghaziabad, and Faridabad.

In an initiative, BANKIT is gearing up to provide a novel customer experience to the underbanked and migrant population. These Experience Stores are designed to offer a fair and affordable banking solution, enabling individuals who were previously underserved to access a wide array of digital banking, financial, and payment services.

The key highlight of BANKIT’s Experience Stores includes providing a new and better Customer Experience to the underbanked and migrant population. With BANKIT’s Experience Stores, underbanked and migrant customers can now enjoy hassle-free access to services such as Domestic Money Transfer, Aadhaar or Debit Card Cash Withdrawal, Prepaid cards, Insurance, Recharges, Bill payments, Travel and stay bookings, and more.

the FinTech’s mission is to utilise its Phygital network and technology to extend financial services to the remotest corners, bridging the last-mile gap. The Experience Stores provide economical solutions in an assisted way, ensuring that underbanked individuals receive a fair deal when it comes to their banking and financial requirements.

Amit Nigam, the Executive Director, and COO of BANKIT said, “The core idea behind BANKIT is to reach the maximum number of unbanked and migrant individuals in our society. Khoda, being one of the most densely populated areas in the Delhi/NCR region, has been a significant milestone for us. We are immensely proud to provide the best customer experience at a fair price to the underbanked and migrant population in this area.”

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