Antworks launches Neo Banking Super App ‘AntPay’



Gurgaon (Haryana) [India], September 20 (ANI / NewsView): Antworks, one of India’s leading online financial services platforms, announced on September 17, 2021 the official launch of AntPay, a neo-banking super app. AntPay app integrates mobile payments, banking, loans, insurance, investments, etc. on one platform, providing a convenient and hassle-free experience for users.

AntPay’s zero-balance mobile wallet activates instantly and also doubles as a virtual Rupay prepaid card. Additionally, AntPay’s ATM card is set to be a game-changer, as it integrates seamlessly with a mobile wallet and can be controlled through the app. This gives users the complete freedom to use a single AntPay wallet for Ecom, POS and ATM transactions.

In addition, all AntPay users will be able to benefit from discounts on more than 200 major brands on various Ecom platforms as part of its Social Reward Club program. AntPay will soon allow users to open savings bank accounts on its application in partnership with a leading private sector bank. With these innovative products and these value propositions, AntPay allows people new to banking to have a simplified experience.

AntPay’s USP lies in the social quotient it brings to Neo banking services. Until now, banking has been seen as a heavy and documentary process. AntPay works like a great app that completely eliminates the need to visit a physical bank branch.

AntPay is also one of the first players to offer a social lending feature where anyone can borrow from a social network of lenders available in the app. AntPay provides a bridge between lender and borrower, eliminating all third parties, resulting in more savings for the borrower and more income for the lender. In addition, AntPay has partnered with banks, NBFCs and MFIs to provide a wide range of loan offerings and credit card options to its users.

The AntPay app will focus on the financial well-being of the users and has created several products and features within the app to promote the financial well-being of its users. This includes credit counseling, insurance, investment planning, and expense management reports. AntPay will also offer its users free medical consultations, discounts not only at IPD / OPD but also at over 10,000 pharmacies and diagnostic centers across India.

For corporate users, AntPay’s exclusive AI and machine learning tools enable lending solutions, as well as a unique initiative called HR Advantage Club where the company can enjoy exclusive benefits for its employees. in the form of financial planning, investing, health and life insurance, as well as shopping. and rewards. Companies will also be able to transfer salaries and reimbursements directly to employees’ AntPay mobile wallets using the AntPay HR Advantage Club.

Antworks has also launched a unique socio-economic initiative called Project Graam Uthaan in West Bengal. This program is executed in partnership with local MFIs and NBFCs where Antworks helps villages become self-reliant by facilitating small business loans to its community. Loans are facilitated in order to start a new business or to support an existing business for future growth. The company plans to expand this program through the AntPay app in other states as well as gradually with the participation of local MFIs and NBFCs.

“Antworks is an Indian fintech company with global aspirations and the successful launch of AntPay is a major milestone in Antworks’ growth journey. With the successful launch of the AntPay app, we will strive to usher in a new era social digital banking through our focus on financial well-being and socially responsible financial products, ”said Mr. Rajeev Mahajan, Founder and CEO of Antworks.

Antworks was started by Rajeev Mahajan and Subhayu Ghose, both professional bankers with over 20 years of one-on-one experience building and growing successful financial services businesses in India. While Rajeev has worked with ICICI Bank, Yes Bank, etc. in managerial positions; Subhayu has held leadership positions in banking and financial advisory, with IDBI Bank, SBICAPs, etc.

Antworks, Indian Financial Services, the name behind AntPay, is a Gurgaon-based digital financial services platform. Antworks also has a P2P finance company registered by RBI and an insurance brokerage company registered by IRDA within its group. The digital platform has more than 3 million registered users and more than 25,000 paying subscribers for its various products.

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