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Adarsh Credit adopts Adobe sign to provide paperless Financial Services

ANI  |  Ahmedabad (Gujarat) [India] 

Credit Society Ltd, India's largest credit society has tied up with to provide paperless to its members.

With the integration of Sign, an e-signature solution, to their documentation process, members of Credit will be able to carry out without usage of physical KYC and provide through for the The process of enrollment of members would be carried out digitally. This partnership with will further boost digitization and is a step towards cashless Credit is also the first credit society in to carry out digitally.

Rahul Modi, MD, Adarsh Credit said, "This tie-up is in line with PM Modi's directive for digitizing the nation and promoting financial inclusion using Aadhaar and other digital modes. Adarsh Credit through its 100 percent digital is providing financial services in the rural masses and promoting the usage of digital money. Today, 100 percent of all transactions in Adarsh Credit are done through Adarsh money mobile application. In the support of digitization move of the Government of India, Adarsh Credit has given to all its so that they can focus on digitization and financial inclusion in the country. With the help of these efforts, Adarsh Credit will become cashless, branch less and paperless in the near future."

Speaking on the partnership, Sunil Mohapatra, Director-Region, Adobe said, "We are delighted to partner with a new age financial services institution such as Adarsh Credit and support them in their vision to become a branchless and paperless firm. With the implementation of Adobe Sign to their document process, and the recent integration of our with Aadhaar, we hope to provide easy and reliable experiences to their members and support the larger digitization drive in the country."

Adarsh Credit has won many accolades and awards for new Adarsh Credit has been conferred upon with "Best Adoption of Technology in BFSI" at the ACE Awards in 2015. Adarsh Credit was also awarded by "VMWARE" in association with "ET NOW" for the achievements of excellence in IT Services provided to the customers in 2014. Adarsh Credit has been conferred with award for mobility project at the annual summit of financial inclusion and (FIPS), 2014 held at

Adarsh Credit has also signed an agreement with Oxigen Services, India's leading payment solutions provider. Adarsh Credit has decided to use Oxigen's existing of 200,000 retail points, who will become correspondents of Adarsh Credit.

Adarsh Credit is working towards a safer and secure financial system in through its implementation of in partnership with Chain. Adarsh Credit's partnership with Chain is an example of in India's financial system to enhance security and providing a trusted environment.

Currently, Adarsh Credit Co-operative Society, owns a core transaction platform (license buy with SAP) and without being a bank, has 809 branches, 3, 50,000 advisors, of which 1, 50,000 are active transacting advisors, servicing 20 lakh members. These members subscribe to shares of Adarsh and put deposits at better rates.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 16:55 IST