“Can an API-first correspondent banking platform turn rural kirana stores into financial inclusion centres for unbanked Indians?”
Founded in 2015 as Mahagram Payments Private Limited, the company built an API-based correspondent banking and financial inclusion platform targeting rural India. Its core proposition was enabling local kirana stores and micro-entrepreneurs to act as banking access points using AEPS (Aadhaar Enabled Payment System) and domestic money transfer APIs. The company also operated under the BharatATM brand. Tracxn currently lists the company as 'deadpooled', suggesting it may have wound down or significantly reduced operations.
Mahagram is founded in 2015 and headquartered in Mumbai, Maharashtra, India.
Get a read on where your own stack stands against Mahagram and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.