GI Technology Private Limited (GIT) was established to realize the Great Indian
Dream of improving the standard of life of every aspiring Indian.
We aim to provide the hundreds of millions of underbanked Indians, who do not have
the ability to make payments online with a credit card or to transfer money from
bank account to bank account, with a safe and convenient solution to use their cash
for online purchases and money remittance.
GI Technology is the issuer of ICash, India’s leading prepaid payment instrument
(PPI) further to a license granted to GIT by the Reserve Bank of India (RBI) on
29 October 2009.
Today, hundreds of millions of people in India don't have bank accounts. For most,
this is because they don't have steady jobs or regular income, no government-issued
ID or if they live in rural areas, they may not be within walking distance of a
bank or may not be inclined to trust big institutions like banks.
Who they trust are the people they know; their friends and family - and the small
shopkeepers from whom they regularly buy goods. In partnership with our associated
company Hermes I Network Private Limited we have thus established a nationwide network
of retail points where ICash are distributed and can be recharged with cash.
ICash is also being distributed by other partner networks numbering more than
100000 agents across India. Further ICash can be topped up at leading banks
through special pay-in slips and also through the icashcard.in website or by mobile
using common internet and mobile payment options.
We provide more than 200000 people daily with access to affordable financial services
and other related services and through our retail network partners offer tens of
thousands of retailers the opportunity to earn extra money by driving financial
inclusion in India.
We are proud that in 2014 GI Technology was named "Winner Financial Inclusion through
Innovation" at India‘s Financial Inclusion Conference and was awarded the National
Payments Excellence Award 2014 by the National Payment Corporation of India (NPCI)
for being the largest processor of Immediate Payment Service (IMPS) payments in
India in 2014.
GI Technology is also serving India’s financial services industry including banks
and NBFCs with innovative wallet, prepaid, remittance and eKYC technology solutions.
Over the last years we have issued on our platforms more than 35 million accounts
for various financial institutions.