#Financialinclusion #LetsRimit 

Live in 100%
Cashless
Economy

Rimit is the first payment system developed for financial institutions that do not hold a banking license.

Inspired by UPI

Trusted by 100,000 + Users

 
 
Are you a non-banking financial institution listed below?

01

Non-Banking Financial Company (NBFC)

03

Nidhi

Limited

02

Cooperative Credit Society

04

Financial

Corporation

 
Why Rimit
Financial inclusion
in rural India

Rimit brings significant upgradations in rural India by enabling payment technology for Credit Societies, NBFCs, and Nidhi companies.

Upgrade
to new age
business model

Rimit opens the ecosystem to improve the offerings of financial institutions in any way. This includes multiple payment methods, alternative lending models, etc.

Join for a
cashless economy

Rimit enables rural India to join the cashless ecosystem. In rural India, 95% of daily transactions are done in cash.

How it works
 

01.

Signup

Click the Join Us button to sign up to Rimit's dashboard. Submit completed KYC details. Allow us 72 hours to verify this. The Institution will sign an e-contract with Rimit.

proceedure-1.png

02.

Integrate APIs

The Institution will integrate Rimit's public APIs into their existing Core Banking Solution (CBS). 
The integration document can be found here.

proceedure-3.png

03.

Load
Virtual Account

Rimit will issue a virtual settlement account once both steps are completed. Institutions can enable the service by depositing money in the escrow virtual account.

proceedure-2.png
The difference
 

Before Rimit

Banking by

Banking at

Banking mode

Offline transactions

EMI purchase

9AM - 6PM

Own Branch

Papered

96 %

Not Available

After Rimit

Banking by

Banking at

Banking mode

Offline transactions

EMI purchase

24x7

Anywhere

Paperless

24 %

Available

User experience increased by 300% thanks to Rimit!