SOMANI BUSINESS INFRA PVT LTD
No. of Franchise Outlets: 100-200
Investment: Rs. 10,000 - Rs. 50,000
Tradin Kiosk is fully computerized Electronic Lobby can be operational 24x7!
It is a novel concept which provides virtual BANKING – NON BANKING – RETAIL AUTOMATION Services which accepts CASH and / may CARD - based payment facility for customers to provide all the essential facilities under one roof even at the odd hours at night and public holidays.
We have designed the unique Kiosk which does Any Banking Deposit at Any Time, Recharge and Bill Payments of Mobile, DTH, Data card, utility bill payment; reservation ALL ROUND THE CLOCK and that’s too without human intervention which will reduce employee cost to retailer and still enjoy earning of the same. This will increase footfall at shop as well as shop owner can increase its clients pocket share.
Problem / Pain Points Addressed:
- When a common person these days work 9am to 9pm. No Banking facilities provider for serving beyond the normal banking hours.
- Conventionally, depositing cash into your bank account can be a tedious affair as it has to be done within the banking hours and you have to fill up a deposit slip and stand in a queue.
- Lot of retailers does not enjoy income of services like Mobile, DTH, Data card recharge, utility bill payment, reservation, funds deposit as either they don’t have sources or don’t want to waste time in such activity which fetch low income but it give very high footfall.
- Higher cost for setting up the automated systems
By having Self-Pay kiosk in their shop a retailer gets the edge on other business & can enjoy additional income through Mobile, DTH, Data card recharge, utility bill payment, reservation, funds deposit without a human intervention.
Customer can have an access to all the BANKING – NON BANKING – RETAIL AUTOMATION Services in the nearby areas and need not stand in Queue and also after the business hours of the day and even available on the public holidays.
Services Offered Through Kiosk:
- Deposit Cash in Any Bank Account, Any Where at Any Time
- Also Pay your Utility bills like Data Card, DTH, Mobile Bills, Electricity bill
- Recharge your Mobile, DTH and Data Cards
- Reservation for Bus, Rails, Flights & Movie Shows
- Money Transfer Facility
- Payment of Fees to Institutions, Schools etc.
- Insurance, Donations, Credit Card & Loan Payments
All the services to be provided through the Kiosk which is being kept for setup in market at the price of Only Rs. 60,000 where the cost of such similar kiosk is More than Rs. 1 Lakh.
The revenue model also when compared with any of the other person for retailers as well as franchisee / distributors, we offer the Best Payout rates. Also they have the trail income once the machine is installed with their references for the life time.
Company’s Technology vis-a-vis Current Technology
The existing technology employs people and computers whereas our company’s product reduces the human intervention and area for usage, thereby reducing the errors. The only addition to the existing technology is the CASH ACCEPTOR which reduces the hassles of the retailers and makes it suitable for all the retail shops.
Entry Barriers for the New Entrants
Huge Investment for production, Marketing and software development, Applied for Patented Products. Technical Know How, as many things in the machines are used to make the product cost effective in the market and such products used in the machines are not available in the market easily and they are to be manufactured.
No matter there are lot of players in the market who provide this services through a application or software which can be used either on mobile or on pc but somebody has to continuously be there to do that transaction so this is relatively very unique concept in INDIA as of now, so once the Self-Pay KIOSK is placed don’t find much of reasons for retailer to change it only if our services are not up to mark.
Start your own business by joining hands with us, apply now to know more.
Somani Business Infra Team