Suvidha Payment service in India is a simple money service that provides airtime recharge, money transfer, bill payment, ticket booking and online payment. Link to external site : Website for Beam Initiative in India |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2007 Register/Log In |
| Importance |
Medium Register/Log In |
| Traction |
Very High Upgrade to Bronze |
| Evaluation | |
| Account Type |
Multiple Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Agent  Mobile |
 Card |
 |
 AT  BP Card  DAT  DMT  MFI  MM  MP  Trade |
|
Card |
Agent Mobile |
| Model |
non-bank based Upgrade to Bronze |
| Who Leads? |
third party led Upgrade to Bronze |
| Reach |
National Upgrade to Bronze |
| Active Users |
1,000,000 Upgrade to Bronze |
| Registered Users |
14,000,000 Upgrade to Bronze |
| Potential Mobile Market (m) |
953.100 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
OtherCard Register/Log In |
| ServicesDescription |
Remittance not supported. Merchant Payments, MFI PaymentsBill PaymentAirtime Top up. You can use Beam for making payments at any of the Beam member merchants in your city. Right from grocery stores, chemists, department stores, telecom dealers, restaurants/ fast food joints, cigar. Upgrade to Bronze |
| Channels | |
| Payment Instruments | |
| Cash I/O Description |
You can use Beam for making payments at any of the Beam member merchants in your city. Right from grocery stores, chemists, department stores, telecom dealers, restaurants/ fast food joints, cigarette shops to Self Help Groups of microfinance institutions/ banks, you can access the services wherever the sign ‘Beam Accepted Here’ is displayed. All you need is your present handset and, of course, your SIM. There is no need of GPRS or any other software to be downloaded. Upgrade to Bronze |
| Cash I/O No Of Locations | |
| Handsets | |
| Technologies | |
| Interoperability | |
| RegistrationProcess |
RBI APPROVED PAYMENT SYSTEM: BEAM-Suvidha holds the Certificate of Authorization, issued by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007. Beam complies with relevant rules and regulations and is subject to review by the statutory authorities on a regular basis. Beam does not offer money transfer services. Beam does not offer money transfer services. Beam Prepaid Card makes life convenient and interesting, all thanks to the hassle-free transactions which are done in a novel manner. The best part is of being able to transact through Beam, anytime, anywhere and with any mobile! What’s more, the registration is one time and that too for free. Simply put, this involves a simple four step process:
Register for free and become a Beam Subscriber Purchase a Beam Prepaid Gift-Shopping Card Load your Beam subscriber account Start transacting in the most convenient manner Lastly, in case you have a credit card – simply link it to your Beam subscriber account and continue transacting. |
| Main Segment | Unbanked |
| Segment Description |
You can use Beam even if you do not have any bank account or credit card. Any mobile subscriber can avail of the services provided by Beam anytime, anywhere. Suvidha is committed to serve the vast unbanked population by enabling them perform a variety of micro-payments, thus helping them participate and become a part of the Indian main stream. The business model helps Suvidha in its social endeavour to bring a unique bouquet of customer delight, economic empowerment and prosperity to all its subscribers and mobile entrepreneurs (called Beam Sahayaks). |