neo banking tutorial - instantpay.in
TRANSCRIPT
Neo Banking Tutorial
www.instantpay.inSMSdaak India Limited
About InstantPay“InstantPay provides Inclusive and Neo Banking solutions to Individuals, SMEs and Corporates with a vision of delivering Financial Services to the larger India”
Founded in 2013, InstantPay is focused on bridging the gap which traditional banks have not been
able to since the inception of banking in India. Over the years our innovative solutions have
empowered the Indian consumer and SMEs to adapt to the new-age banking services.
At InstantPay, the team’s unified vision is to drive ‘Financial Services to the larger India’’ providing
Inclusive and Neo Banking solutions to Individuals, SMEs and Corporates in a commercially viable
and sustainable way.
Our Presence“Transparent and efficient distribution of financial services to the
last mile with our proven technology platform”
High performance platform capable
of processing upto 1000 TPS
Hosted at Secure Tier-4 Data Centre in India complying
with recent RBI guidelines
More than 99.99% System Uptime
with 24*7 Threat Monitoring
No single point of failure with
redundancy at every level
Robust DR systems delivering
availability and performance
In-house technology with
multi-factor authentication
system
Technology
Products & Solutions
Inclusive Banking
○ Remittances / Micro ATM
○ Citizen Services
○ Utility & Travel Services
○ Micro Loans, Deposits & Insurance
Neo Banking
○ Business Banking
○ Payments & Collections
○ Cash Management Solutions
○ Expense Management
Corporate Disbursals
○ Gift Cards
○ Brand Vouchers
○ Reloadable Cards
○ Loyalty Solutions
Developer API
○ Banking Services
○ Non-Banking Services
○ Hosted Solutions
“ICICI Bank and InstantPay have partnered to bring the best of both the platforms for your business, defining the future of business banking.”
In Association With
● An ICICI Bank initiative that allows secure and seamless integration of its core banking functions with InstantPay’s Neo Banking Platform to offer next-gen banking services.
● Businesses can now avail special benefits on current account over & above enjoying seamless & connected banking through this relationship
● Modern business banking platform to suite business of any scale
● High Volume Processing & Developer APIs are also available
Neo Banking
Traditional Banking Neo Banking
Friction-less Interface
Zero Balance Current A/c with Overdraft
Automate Payments & Collections
Expense & Contact Management
Insightful Reporting
Web + Mobile + Developer APIs
Why Neo Banking?In Association With
Neo/Connected BankingIn Association With
PaymentsMake payments to your vendors in a click with a host of payments options like NEFT, IMPS, RTGS and UPI. Also manage your vendor profiles within InstantPay.
Expense ManagementFully automate employee expenses using our completely digital and scalable expense management solution that streamlines all your Business Spends with real-time reporting.
CollectionsEase of collecting money from your customers using Debit / Credit Cards, Net Banking, UPI, Aadhaar, NEFT/RTGS/IMPS and Cash Deposits at ICICI Bank branches & InstantPay Digi Kendra’s.
Cash ManagementDeposit Cash at InstantPay’s large network of 75,000+ Digi Kendra’s across India. Avail doorstep cash pickup/drop services from InstantPay and ICICI Bank.
Connect Existing Current AccountNo need to open a new ICICI Bank Current Account if you already have one.
Get a Zero Balance C/AWith InstantPay get a true Zero Balance Current Account from ICICI Bank for OPC, LLP, Pvt Ltd & Ltd businesses.
Doorstep A/C OpeningPriority doorstep account opening support from ICICI Bank across India.
Instant Unsecured OverdraftGet Instant Unsecured Overdraft facility on your current account of upto ₹50 lacs.
In Association With
Value Proposition - ICICI Bank
Available on Web, Mobile & APIRegister and access your InstantPay account through Web, Mobile App and API.
Two Factor AuthenticationAccess to InstantPay account and transactions is secured via OTP based authentication.
Personalised Banking DashboardView Insightful reports such as Balances, Cash Flows, Vendors, Customers, etc.
Manage Vendors, Customers & EmployeesManage your contacts, addresses, bank account details and verify their GST details.
In Association With
Value Proposition - InstantPay
Display your BrandAdd your brand’s logo to dashboard, alerts, invoices, payments, collections, etc.
Define WorkflowsIncorporate single/multi level approval flows with Maker & Checker support
Data Storage & SafetyYour data is stored with Tier-4 Data Center in India with highest level of encryption.
Future DevelopmentsCollections, Accounting, Tally & Other ERP Plugins, Alexa & Google assistant integration.
In Association With
Value Proposition - InstantPay
Instant TransfersInstantly add a beneficiary and make a payment
Beneficiary A/C VerificationVerify beneficiary’s bank account before initiating payment to avoid wrong transfers.
Auto Suggest Payment Mode & IFSCPay your beneficiaries without knowing their IFSC using the best available payment mode.
Credit Intimation AlertsSend automated credit intimation alerts to beneficiaries on Mobile and Email.
In Association With
Payments
Stress-Free File UploadsProcess millions of payments with a simple DIY file upload option.
Pause & Resume PaymentsPause and Resume Single/Bulk Payments with a click at your convenience.
Schedule PaymentsManage your time efficiently by scheduling Single and Bulk Payments.
Real-Time TrackingTrack & download all your payments from a single dashboard in real-time.
In Association With
Payments
Bulk File ExportExport one to one million records instantly, download by date and file.
Contact BookView and download vendor/customer/employee wise reports with analytics.
Transaction ReportingDownload transaction reports with respect to vendor/customer/employee.
Bank Balance & StatementView A/C Balance and download Statement of your ICICI Bank Current Account.
In Association With
Insightful Reporting
Powerful RESTful APIsSimple and easy to integrate, platform independent RESTful APIs.
Bank Grade SecurityAPIs built with multi factor authentication keeping security first.
Well DocumentedGet started with simple and easy to understand documentation with sample code snippets.
Elastic PlatformSuper scalable platform, zero to a million transactions, all in a single day.
In Association With
Unique Propositions - Developer APIsDeveloper APIs
RegistrationConnecting your ICICI Bank Current Account
with InstantPay Neo Banking Platform
Connected BankingIn Association With
Connecting your ICICI Bank current account with InstantPay
● Visit www.instantpay.in/icici
● Login to your InstantPay account with your
Mobile Number and Password. Signup for
FREE in case you are not already registered
● Click on “Banking Dashboard” under “Neo
Banking” in the left sidebar
● You can also access InstantPay from
Android Phone. Visit Google Play or give a
missed call to 011-40849933 to download
app.
In Association With
● Here you connect your existing ICICI Bank
C/A or apply for a new ICICI Bank C/A at
zero charges and zero balance
● New Current Accounts generally get opened
in 1-2 working days
● Enter your ICICI Bank Corp ID, User ID and
Login ID (if created)
● Click on “Link My Bank Account” to initiate
registration request
Enter your ICICI Bank Corp ID, User ID and Alias (if created) or apply for C/A
In Association With
Login to your ICICI Bank CIB portal and approve the registration request
● Login your ICICI Bank Corporate Internet
Banking portal to approve the registration
request
● Once approved, Click on the button to verify
your Registration Status
● Once approved, you will be redirected to
the next window to have access to your
ICICI Bank C/A from InstantPay
In Association With
Now add your Current Account(s) to start banking from InstantPay
● Click on “Add Account” to enter the account
number which you would like to access
from InstantPay
● Multiple accounts within same Corp ID can
be added
● Once the account is linked, you can check
your C/A balance, download statements,
make payments and apply for overdraft
facility from within InstantPay
In Association With
Your One-View Business Banking Dashboard is now ready
● Here you can check your C/A balance, make
payments, apply for overdraft facility and
download account statements from within
InstantPay
● Under Neo Banking, visit My Payments to
make your First Payment and view the
Payment History.
In Association With
Make PaymentNow Initiate Single/Bulk payments from
InstantPay Neo Banking Platform
Thank YouNeo BankingIn Association With
Now initiate transactions on InstantPay’s Neo Banking platform
In Association With
● Open Neo Banking > My Payments
● To initiate payment, click on Make Payment
tab on top left.
● In the popup, select Single Payment for
making payment to a single beneficiary
● For sending money to multiple
beneficiaries, select Bulk Payment
● Enter the required details in the form and
click “Pay Now”
Authenticate transaction through a One Time Password (OTP)
In Association With
● Now enter “Payment Remarks”
● You can also send a credit intimation alert
to the beneficiary by entering their
Mobile/Email.
● Enter the OTP received from ICICI Bank.
(Please Note that all transactions are secured
by OTP)
● Click on “Pay Now” to initiate the payment.
Transaction is now complete!In Association With
● Your Transaction has been initiated
successfully.
● Similarly, Bulk Payments can also be
initiated using the available template.
● There is no limit on the number of bulk
payments initiated in a single file.
● Reports for the required data range can be
viewed/downloaded from Payments History
page.
