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What keep’s us busy??
Money transfer(NEFT)
By far this is the single largest opportunity for the Credit Society Sector thank to liberalized Regulations allowing transfers even when the Beneficiary does not have a Bank Account.In other words Payout of Domestic Money Transfers in Cash is peritted by RBI(subject to value ceilings)
Money Transfer is conducted under the Banking umbrella and the income there from is shared with the Field Conterpart
The commission payable on Money Trasfer ranges from 1.00% to 2.00% and 50% of this would be passed on to the society concerned
Amount per transfer ranges from Rs.5000.00 to Rs.10000.00
Fee income per transfer would thus be Rs.25.00 to Rs.75.00
Bus Ticketing(future)
Private Operators are more popular than Public Transport thanks to superior fleet,multiple pick up spots and Sleeper facilities.
The average ticket price is around Rs.500.00
1-2 seats are booked by a Passenger
Commission income thus ranges from Rs.35.00 to 100.00 per Ticketing transaction 00
Mobile Recharge(future)
Multiplex Movie ticket(future)
Currently MPLEX offers multiple booking options of which Counter Sales Followed by Home
Delivery are more popular than other options.
It is observed that by and large
The Online is not exercised freely yet since it is MPEX specific(own Portals)
Phone booking entails reaching 45 minutes before show else the booking lapses
The moviegoers pay Convenience Fee ranging from Rs.15.00 to Rs.22.00 per Booking (one or more tickets) for Home delivered Tickets.
It is this Channel that we have opened up for partners to step in