Bharat Money Store, an extension of Bharat Financial Inclusion Ltd. and IndusInd Bank, enables local Kirana merchants in rural areas to provide Aadhaar based digital banking and financial services to the common public by leveraging existing technology. With a current strong network of over 42 thousand merchants across 74 districts covering more than 7000 villages, Bharat Money Store provides digital banking services enabled by AePS such as cash withdrawals, deposits, money transfer, small business loans along with sell of consumer durables. BMS helps rural customers, by removing the need to visit branches usually located far away, and serves in areas without ATMs filling the last-mile gap. With an aim to open a 3.7 lakh stores in the next 3 years with a potential customer base of 8 crores, Bharat Money Store plans to create the largest rural distribution network making us a pan India player. Our main objective is to make banking easy and accessible for our customers, closer to their doorstep. As we expand, we continue building financial inclusiveness and sustainability across unbanked as well as under-banked locations of the country.
