Pay Point

Overview

  • A web and mobile-based collection portal tailored for organizations and businesses lacking dedicated websites or IT infrastructure.
  • Aims to simplify payment collection and administrative processes for various sectors like educational institutions, housing societies, and retail businesses.

Key Features

  1. Cloud-Based Solution:
    • Accessible anytime, anywhere via web or mobile.
    • No requirement for a dedicated IT setup or ERP.
  2. Multi-Purpose Usage:
    • Supports fees and charge collection for schools, colleges, universities, and housing societies.
    • Provides customized solutions for retail businesses to manage e-commerce platforms (Get-eKart).
  3. Advanced Payment Modes:
    • Online payments: Debit/Credit cards, Net Banking, Wallets.
    • Offline payments: NEFT/RTGS and Cash (updated manually in the portal).
  4. Functional Capabilities:
    • Split Payment: Enables flexibility in handling payments.
    • Notifications: Merchants can issue circulars or alerts via the portal.
    • Record Keeping: Maintains fee breakups, history, scholarships, penalties, and receipts.
  5. Dedicated Support:
    • Backed by the Baroda e-Gateway Operations Team for merchant assistance.

Target Customers

  1. Educational Institutions:
    • Schools, colleges, universities with at least 2 years of establishment and affiliation to respective boards.
  2. Housing Societies:
    • For managing society charges, incidental fees, parking, and visitor management.
  3. Retail Businesses:
    • Small traders, kirana stores, departmental stores, and fashion shops for transitioning to online platforms using Get-eKart.

Eligibility Criteria

  • Institutions and merchants must fulfill:
    • Basic KYC requirements.
    • Necessary affiliations (e.g., board/university for schools).
    • Minimum experience of 1 year for educational institutions and satisfactory banking relations for businesses.

Benefits

  1. Convenience:
    • 24/7 access through mobile apps or web portals.
  2. Cost-Efficient:
    • Eliminates the need for in-house IT infrastructure.
  3. Security:
    • Ensures protection against unauthorized access with robust encryption.
  4. Customizability:
    • Tailored solutions for individual merchant needs.

Reconciliation and Settlement

  • T+2 Days: For Pay Point transactions via domestic cards and net banking.
  • T+3 Days: For international cards and funds from aggregators.