Kathmandus biggest app developer, Vodafone, has joined the Indian app ecosystem and is now providing a mobile app for local residents to access their banking services.
The app, which is currently available in Kathgai, Thangla, and Prakasam, was launched by Vodacom India and will soon be available in the region as well.
The Vodapoint mobile banking app is a “real time” app and provides access to a wide range of banking services, including payment, account verification, and a mobile application for payments and online banking.
The developers say the app will allow local residents who live in rural areas to access all banking services including payment.
Vodamax founder Ravi Raghunath has been working on the app for several years and the app is now being developed by a team of app developers from India and the US.
“The goal was to create a mobile banking solution that is fully interoperable with existing bank services in Nepal,” Raghuntath told the Australian Financial Press.
“Vodafon is very active in the Indian mobile banking space and we have partnered with Vodas mobile banking service in the past to provide customers with a secure, convenient, and fast mobile banking experience.
We believe that this partnership will help Voday’s business to expand in the country, which includes expanding to other regions.”
The app will also provide access to the local banking services of banks in Kathnangal and Thanglak, which are currently underdeveloped.
“This will help the local population access the local banks,” Rachuntath said.
“It will also help to provide local people a better experience with local banking.”
“The real-time experience and the flexibility to choose the local bank of the person using the app allows for the creation of more than 200 local banks in the local area.”
Vodax also announced that it is working on a new app to provide access on its mobile platform to more than 1,200 banks in Nepal.
VODAX’s app is available in a number of languages including English, Tamil, Hindi, Bengali, Gujarati, and Punjabi.
“In a recent blog post, we announced the launch of a new banking app for India and Nepal,” the company said.
This new app will enable people to access over 1,000 banks across the country.
The new app is scheduled to launch later this month.
In a blog post to its Indian website, VODax said that the app was developed with the support of local banks.
“Through the app, we are providing the local communities with a seamless and fast banking experience,” it said.
The company also said it was launching the app in Prakash Nagar, a region that is predominantly rural, where the banking experience is more complex.
“We are excited to bring our latest offering to the region.
The Prakam area is known for its high poverty and high unemployment rates.
It is one of the most difficult areas in the state of Maharashtra for many people, especially in the rural areas,” the blog post read.
“However, we believe that the development of a better mobile banking system will provide a great opportunity for the Prakasu population and for the entire region.”
In 2017, Vodi Bank said it would invest $200 million to create mobile banking apps for a range of local Indian banks, including banks in Pune, Chennai, Mumbai, Ahmedabad, Bengaluru, and Delhi.
The banks will receive the app free of charge.
The launch of the app comes at a time when Indian banks are grappling with a shortage of mobile money.
Earlier this month, India’s central bank cut interest rates for the first time in more than two years to help ease the burden on banks.