Vakrangee and Punjab National Bank (PNB) have entered into partnership to provide BC banking services for Pan India at Nextgen Vakrangee Kendra outlets. Vakrangee has emerged as one of the leading Financial Inclusion player with more than 13,000 Banking BC points and 4th Largest ATM operator in Rural India with more than 5,400+ ATMs. The company is well on track to increase the operational NextGen store footprint from current 11,900 to 25,000 stores by March 2022.
This tie up with PNB would ensure High Scalability, faster on-boarding and activation of Banking BC point services at all NextGen Kendras across the country. Vakrangee will be now able to provide banking services to all its franchisees across India, further strengthening the financial inclusion drive in the country.
Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, ecommerce and logistics services to the un-served rural, semi-urban and urban markets.