pSwitch™ (A FinTech Company)
Fintech startup pSwitch™ was incorporated in 2020 in Noida, India to push India for financial inclusion, and promote digital transactions in rural and semi-urban areas where Internet connectivity is a challenge. Earlier we were working as a financial inclusion BC with partner banks in Tier-1 to Tier-6 cities and through its tech-enabled agent network.
Since 2020, it has been offering doorstep banking services, including domestic money transfer, cash withdrawals, prepaid cards, travel booking, insurance, central and state Gov services like eDistrict services etc.
What we do?
Pswitch™ Services can be used in offline mode also even in No internet connectivity also. This helps for the customers who don’t have internet connections or are in offline mode who use feature phones.
Our solutions help those who have featured phones where they can even do money transfer, bill pay, recharges or other services even if they don’t have internet connection in their phones..
pSwitch™ is a technology driven FinTech company, focusing on creating India's largest network of last-mile retail points-of-sale, to potentially enable every Indian to seamlessly benefit from financial inclusion, social inclusion, Digital India, Skill Development, Employment, Government Programmes and a wider access to basic goods and services. pSwitch™ has an all India Presence and Expanding in MENA region with Offline mode of Payment Transaction solutions.
pSwitch™ has launched Handheld Android EFT POS Terminal which is cost effective and does not require any investment by merchants in it which is used by merchants for door step banking services and device called as Bank-in-a Box.
Faiz Ahmad is CEO & Co-Founder at pSwitch™. He is a Technology Professionals & Payment Industry Stalwart with Vast Experiences in Digital Payments , Mobility solutions, Wireless Power Transmission & RFID Technology with having 10+ Years of technology Experiences.
He graduated with a Bachelor of Technology in Electronics & Communications. He is sponsored by DST (Department of Science & Technology) and DSIR (Department of Science & Industrial research) Under TePP (Technopreneur Promotion Programme).
Faiz Ahmad started his journey in early 2009 with Research in RFID Technology and Wireless power Communication and he is currently heading a team of financial technologies dedicated members across North India for the Alliances and partnership with Banks and Financial Institutions.
Faiz Ahmad, PK Choudhary & Rahul Dube are the founding members of pSwitch™. He leads a team focused on pSwitch™’s vision of being the universally preferred choice of customers by fulfilling all their financial service needs.
Besides this, it provides doorstep services through its merchant app switchPay™ .The customers can take any kind of digital services by visiting merchants outlets.
We provide a low cost infrastructure powered by innovation and technology to enable instant, secure and convenient financial transactions.
We leverage existing retail shops, telecom connectivity and banking infrastructure to extend branchless banking services to the common man.
A low cost mobile phone acts as the transaction device for retailers and customers. We provide a multi-modal (USSD, SMS, IVR and Application) approach to perform a transaction, hence the service works across all phones i.e. lowest to most sophisticated handsets. We use a two factor strong authentication to complete the transaction.
HBF Direct Limited at a glance