Dvara KGFS announces transactions worth Rs 7 crore through Aadhaar-enabled payment system

CHENNAI: Dvara KGFS on Thursday announced transactions worth Rs 7 crore since April 19, 2020 through its Aadhaar Enabled Payment System (AEPS) which was implemented in the remote rural areas that they operate in.

Villagers, especially those living in the remote rural areas were greatly encumbered to draw cash from the beginning of the lockdown for daily use as there was scarce or no access to banks or ATMs, the company elaborated while addressing the media.

More than 1000 wealth managers of Dvara KGFS acquainted the villagers with AEPS with the help of respective village heads and were able to facilitate over 36,000 cash withdrawals and 60,000 balance enquiries through the platform.

“Our Wealth Managers have received a lot of appreciation from the villagers on facilitating this service and we are seeing this as an effective tool that will help us move closer towards our mission of maximizing financial well-being for every individual in remote rural India,” Joby said.


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