This tool has been solely researched by Wilson HCG Innovation Team

CASHLESS AND PAPERLESS

At Paymint it is just not payments but payment solutions. Through our payment solutions, we integrate every possible activity of your financial function. Our RUPAY CARD Host is the core of all solutions that are connected to our payment platform. Whatever, be the nature of payments with Paymint you are now able to manage and monitor. Extensive connectivity features and our API Server with unlimited ways to connect your existing systems to real-time payments.

CORPORATE SOLUTIONS

Highly versatile, flexible and superbly secured card host provides an opportunity to provide a host of services that can deliver customized powerful features to corporates of any size. We support small to large corporates by customizing and integrating payment solutions for them. Our strength is enabling digital payments on a connected platform using various existing corporate management systems.

Connected Debit System for Rural Banks
Corporate Expense Management Solution
Corporate Disbursement Solution, Food Court connected Meal Card
Bulk Benefit Disbursement Solution along with Field Services
Corporate Gifting Solutions and Customized Payments

Paymint services/tools:

Expensify

Expensify is an innovative solution platform that integrates with your corporate Systems for Expenses Management. Also suited for SMEs with or without Corporate Systems. Avail our Free Corporate Bundle of customized HR and CRM Systems.

Employee Benefits

A comprehensive solution that is best suited for Corporates of any size. Hassle-free disbursement platform for multiple allowances. Paymint card is a multi-wallet card issued along with SIMPLE YET POWERFUL Mobile Application for payment management.

Corporate Gifting

Motivate your employees with Virtual or Plastic Gift Cards bundled with exciting offers. Give freedom to your employees to use Gift Value at any RUPAY Accepting outlets, thus by not restricting them to use their gift at defined outlets. Corporate Management Portal for ease of use.

Debit Card Solution

Paymint's Innovative Middle connects your Financial System to a powerful Card Host that allows your customers bank digitally. Combination of Unique Co-Branded Card option is just another addition to a SIMPLET YET POWERFUL Mobile Application delivered and serviced in multiple Indian Languages.

Rupay Wallet

SIMPLE YET POWERFUL Virtual Mobile Wallet. First of its kind in India. Your virtual mobile wallet comes with an attractive RUPAY Prepaid Card that can be used at all Rupay accepting ATMs and POS Terminals for INR Transaction. Avail essential services right from the mobile app such as bill payments and ticketing.

E-Gifting

Order a Virtual or a Tangible attractive GIFT CARD to your loved one from your mobile phone or web and we deliver anywhere in the country. Explore the excitement of receiving a gift that can be used to buy at any Rupay accepting POS Terminal across the country. Paymint Gift Card is unmatched and simple.

Notes

Initial thoughts are it's a good application for the hourly-paid workers that are categorized into Blue and possible Grey industries (drivers, warehouse, nursing manufacturing, and online ICs tech dev arena)

Positives

Good technology to "recommend" to clients looking for solutions to retention, and attraction for lower-paid/high volume roles
Tax calculator was accurate and appeared to be automated updates to tax changes and state/county/city specific
Multiple pay rates and locations per worker profile is a big plus
The ability to pay a percentage of earned offers protection as well and good that it can be set at variable rates, not fixed at 50% etc
Good integration with T&A systems and payroll systems

Negatives

It has a big effect on cash flow and capital if you have a large adoption, so would need to be careful and ensure finance sign off on any deals if implemented directly with us as the employer. especially if our payment terms with the client are 30 days.
Not sure how I feel charging the worker, (if low paid) additional fee to cover the above cash flow and loss of earnings by paying out early, in addition to the 2% charge by Paymint.
Currently it is only configured to work in the US
The charges for paying in a foreign currency (fees and exchange rate) didn't seem to be competitive if they're using bank FX rates plus charges.
Would want to see the back integration work (deductibles) to ensure that it doesn't create a massive headache for payroll.

Tech Research

PayMint