Done Card got RBI nod to operate pre-paid(cash) card in India
Done Card Utility Limited, A subsidiary of OSS group has certified by Reserve Bank of India (RBI) to operate prepaid cash card under the brand Done Card.
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-- Done Card Utility Limited, A subsidiary of OSS group has certified by Reserve Bank of India (RBI) to operate prepaid cash card under the brand Done Card.
Done card Utility Limited became the first company in India to get the license. The RBI has granted certificate of authorization to operate payment system for issuance and operations of prepaid cash card in India which implies all transactions through Donecard are subject to RBI guidelines. RBI has created a new segment for prepaid cash card operations and amended its rules and regulations.
Explaining the concept of pre-paid card, Subhash Jewria, chairman and Managing Director said it features will be little different than the credit/debit card. A donecard users will have to fill up (KYC) form and his one time upper limit will be restricted to Rs 10,000.
With RBI approval, we will be concentrating heavily in rural market where people don't have access to credit/debit card services. The customer can easily buy Donecard pre-paid cash card and can do various transactions which includes buying bus, rail, air tickets. It also facilitates paying utility bills and mobile recharge services online.
Highlighting about future growth plan, OSS Retails Ceo Subhash Jewria quote "We intend to double the revenue to Rs 3,000 crore by 2011. Categorically, our business network will grow drastically from existing 50,000 business partners to 2 lakhs in years to come. We plan to capture almost all the metro's of India through our wide network of agents and channel partners. We would like to reach out to remote villages and will provide services to the common man including farmers at best affordable rates. It will also generate employment opportunities in rural India and will foster customer lifestyle. We would like to reach out to ten lakh customers by next financial year ."
OSS group is an emerging market leader in ecommerce space since seven years. It is India's first single window operation, where the consumers can avail all services and products under one roof. The OSS group has 40 Offices across india and our stronghold distributors are located at Mumbai, Delhi, Chennai, Kolkata, Gujarat, MP and Rajasthan
Notes to Editor
The OSS Group of Companies is one of the most well-known corporate business houses in India. It has diversified interests in a number of key industries and it has successfully establish itself as a respected industry leader in all the segments of market which it has explored. OSS holds a greater share in regional market where it has strengthen its relationship with the retailers.
The OSS Group has diversified interests into sectors like real estate, technology, ITES (IT Enabled Services), Internet marketing, and so on. The key niche which the OSS Group managed to tap into has been the services sector. One of our most exciting innovations has been Rail Ticket Online since we are one of the first services providers which facilitate to offer PNR numbers to the railway passengers using our interface. Other than Rail Ticket Online, the OSS Group has also spawned a number of other successful group companies such as http://www.onestopshop.in/, http://www.railticketonline.com/, http://www.flightsafar.com/ ,https://www.donecard.com/ ,http://www.busticketonline.in/ , all under the flagship of OSS Group.
The OSS Group was established in the year in 2006 and it began to achieve milestones and set corporate records in a short period of time. Today, the OSS Group has an impressive turnover of more than 1500 crores and has regional offices in metropolitan cities of India like Mumbai, Delhi, Kolkata, and Bangalore.
The OSS service desk which operates 24by7 is the Single Point of Contact for any service consumer inquiry regarding the commissioned, requested and delivered services. We are one of the best public utility service providers in India as we promptly generate and render the service to our customers.
