digital payment solution

Maximus PAYRAKAM: A Comprehensive Digital Payment Solution for Banks and FinTech

With over 16 years of experience in the Payments and Digital domains, Maximus PAYRAKAM aligns itself completely with the Bank's vision by providing a proven tech stack to drive business growth and offloading technology complexities from the Bank.

PayRakam Services: Streamlining Financial Transactions with Cutting-Edge Features

In a rapidly digitizing world, it is imperative that financial services keep pace with evolving customer needs and preferences. PayRakam, a leading financial service provider, offers a wide range of features that simplify financial transactions for customers, agents, and aggregators. From Card + PIN transactions to wallet management and commission payouts, PayRakam’s services cater to the needs of diverse user groups.

Features

Maximus PAYRAKAM's features include role-based user logins for BCs, franchisees, agents/retailers, 2FA-based agent logins, comprehensive and customized dashboard for different users, APIs based integrations with Third-Party Middleware Applications, configurable commission structure based on channel and transaction type, and manual + API driven wallet top-ups and fund transfer.

PayRakam Services

1

Card + PIN

PayRakam’s Card + PIN service allows customers to perform both financial and non-financial transactions using their cards. With this service, customers can withdraw money from any bank with ease.

2

AEPS

PayRakam’s AEPS service enables customers to make payments using their Aadhaar number and verification at point of Sale (PoS) or Micro ATMs. This secure and hassle-free payment option simplifies the payment process for customers, while reducing the risk of fraud and errors.

3

DMT

PayRakam’s DMT service allows customers to send money directly to any account holder through Business Correspondent Agents (BCA). With this service, customers can easily and securely transfer money to anyone, anywhere in the country.

4

eKYC

PayRakam’s eKYC service simplifies the agent authorization and customer KYC process, reducing the time and effort required for verification and authentication.

digital payment solution

Maximus’s PayRakam

  • Wallet Management

    PayRakam’s wallet management services are designed to simplify the top-up process for agents, franchisees, and BCs. The service allows for easy wallet to bank account transfers and is integrated with the bank’s system for seamless automation.

    Wallet balance reports are available to help agents and aggregators keep track of their finances and streamline transactions.

  • Commission Management

    PayRakam’s commission management services provide customizable commission payment options, including percentage-wise commission, fixed commission, and slab-wise commission. Monthly and real-time commission payouts are available, and aggregator and agent commission settlement reports help keep everyone informed of their earnings and financial status.

  • Transaction and Wallet Reconciliation

    PayRakam’s transaction and wallet reconciliation services simplify the process of tracking transactions and ensuring wallet balances are accurate. Cycle-wise reconciliation processes are available for IMPS, AEPS, MATM (Card + PIN), and BBPS channels. Wallet refill, commission, and wallet to account transfer reports ensure accuracy and transparency in financial transactions.

In conclusion, PayRakam offers a comprehensive range of services that simplify financial transactions for a diverse range of customers, agents, and aggregators. Its cutting-edge features, combined with its user-friendly interface and commitment to security and accuracy, make it a leading choice in the financial services industry.

To see how our expertise can help you, let’s talk

Discuss your unique business challenges and get technology recommendations.