anyEMI Online Services Private Limited: Revamping Payments through a Seamless Customer Experience
Digitization of payments turns out to be a primal step towards achieving a convenient and secure payment method in the contemporary era. As the world’s largest economies are nearing to cashless transactions, India has also paved a robust foundation encouraging technology companies to come to the fore and revolutionize the idea. While conceiving a start-up idea in 2016, Narsi Reddy Komatireddy – the Managing Director and Sudhakar Mediboina – the Chief Executive Officer of anyEMI had the concept of building a solution that enables entities and utility vendors to collect payments from customers offline and online. anyEMI Online Services was thus formed to venture into online financial services in India.The web and mobile applications offered by anyEMI is a One-Stop solution where customer can pay all his/her Utility Bills, Taxes, EMIs, Fees payments with multiple digital payment modes offline and online. PAYSTAR is an Android POS device designed by the company. It allows agents and delivery executives to carry out payment transactions from customers through multiple Digital Payment modes such as Aadhar Pay, UPI, Credit/Debit card, Net Banking, NEFT, and online wallets.
With some unique features such as the Reconciliation Process, a dashboard showing daily and monthly collections, and MIS report to accounts, PAYSTAR joins the bandwagon of Digital India mission. The application facilitates the transfer of daily collections to the respective client’s bank account, provides SMS facility to consumers and officials about the transactions in regional language.
“For administrative and accounting purposes, PAYSTAR allocates the feature of reporting so that officials can view real-time transactions. Collection reports are sent via online and e-mail mostly on daily, weekly or monthly basis as per the requirement,” said Sudhakar Mediboina, CEO, anyEMI Online Services.
Online Payment Methods for All
State Bank of India has recognized anyEMI as a Technology Partner. The company is a Digital Payment Gateway Aggregator provider partnered with many Banks including Paytm. anyEMI serves to all Utility Bill Providers, Taxes, EMIs, Fee Payments through its Pay@Home service. The platform enables the provision to collect EMIs, Utility Bill Payments, Taxes, and Fee Payments in digital as well as in cash, that too at citizen’s doorstep.
“Many utility service providers avail the use of anyEMI application services to obtain billpayments digitally. We are one of Agent Institutions in the Bharat Bill Payment System (BBPS) under National Payments Corporation of India (NPCI)” added Sudhakar Mediboina.
Features of anyEMI:
• Application-level Features include:
Customer Management, Loan Management, EMI Management, Real-Time Notifications – SMS, E-Mail
• Features for Financiers include: Customized Dashboard, Agent Management, Reports – collection by day/week/month, Remittance of EMI payments to the Bank A/c
• Features for Customers on-line include: Dashboard, pay multiple EMIs, Multiple loan accounts linked to the mobile number, Reports – EMI Payment History, form for filing of tax returns and availing, tax benefits on interest payments under Section 24
• Features for Customers: Off-line includes: Pay EMIs off-line by Digital Payments or cash through our hand-held anyEMI device, Instant receipt for the payment, real-time updated Payment details.
Talking enthusiastically about the achievements acquired by anyEMI, Narsi Reddy Komatireddy says that the company was honoured as one of the eight innovation companies by the Department of Information Technologies, Government of Andhra Pradesh in July 2017 for its successful pilot project implementation at Rythu Bazars (Farmers Markets).
In addition to that, anyEMI was awarded as Valuable Partner enabling the growth of Fintech Valley Vizag in October 2018 at Fintech Festival, Visakhapatnam, and selected as one among 28 companies by Government of India to participate in SLUSH-2018, a Global event at Helsinki, Finland in the first week of December 2018.
The company was awarded as one of the top 5 companies by XLr8 Andhra Pradesh – a Technology Business Accelerator jointly organised by FICCI, The IC2 Institute, the University of Texas at Austin and AP Innovation Society on 10th October 2019 in Visakhapatnam.
anyEMI envisions to offer enterprises build the best business plan, resource, and execution. With the help of its cutting-edge technologies, the company provides ease of convenience and time-saving operations, administers in eliminating conflicts, and avoids the chances of penal interests.
• Application-level Features include:
Customer Management, Loan Management, EMI Management, Real-Time Notifications – SMS, E-Mail
• Features for Financiers include: Customized Dashboard, Agent Management, Reports – collection by day/week/month, Remittance of EMI payments to the Bank A/c
• Features for Customers on-line include: Dashboard, pay multiple EMIs, Multiple loan accounts linked to the mobile number, Reports – EMI Payment History, form for filing of tax returns and availing, tax benefits on interest payments under Section 24
• Features for Customers: Off-line includes: Pay EMIs off-line by Digital Payments or cash through our hand-held anyEMI device, Instant receipt for the payment, real-time updated Payment details.
Talking enthusiastically about the achievements acquired by anyEMI, Narsi Reddy Komatireddy says that the company was honoured as one of the eight innovation companies by the Department of Information Technologies, Government of Andhra Pradesh in July 2017 for its successful pilot project implementation at Rythu Bazars (Farmers Markets).
In addition to that, anyEMI was awarded as Valuable Partner enabling the growth of Fintech Valley Vizag in October 2018 at Fintech Festival, Visakhapatnam, and selected as one among 28 companies by Government of India to participate in SLUSH-2018, a Global event at Helsinki, Finland in the first week of December 2018.
The company was awarded as one of the top 5 companies by XLr8 Andhra Pradesh – a Technology Business Accelerator jointly organised by FICCI, The IC2 Institute, the University of Texas at Austin and AP Innovation Society on 10th October 2019 in Visakhapatnam.
anyEMI envisions to offer enterprises build the best business plan, resource, and execution. With the help of its cutting-edge technologies, the company provides ease of convenience and time-saving operations, administers in eliminating conflicts, and avoids the chances of penal interests.
