Transforming Payment Systems for ISKCON with OmniCard
27 April 2024About ISKCON Bengaluru
Founded in 1966, ISKCON Bengaluru, a branch of the International Society for Krishna Consciousness, is a renowned religious and cultural organization known for its charitable and spiritual activities across the globe. With a focus on devotional services, the organization operates multiple entities, including temples, kitchens, and awareness departments, requiring efficient financial management solutions.
Challenges
Lack of Payment Modes
Traditional methods did not support modern digital transactions
No Solution for Multiple Users
Difficulty in managing multiple users and transactions efficiently
No Customization for Their Organizational Setup
Standard banking solutions were inflexible
All Payments Required a Bank Account
Restriction to bank account transactions only
Unable to Make UPI Payments
Critical need for UPI payments post-COVID
No Physical Cards Available
Limited options for POS payments and cash withdrawals
ISKCON faced challenges in managing financial transactions due to the unique nature of its operations. With a focus on charitable activities and organizational expenses, ISKCON needed a solution that could cater to their specific requirements, especially in a post-Covid environment where online payments became increasingly important.
Before implementing OmniCard, ISKCON relied on Bank Debit Cards for transactions. However, they faced limitations, especially with UPI payments, which became crucial post-Covid. Traditional banks were unable to provide a suitable solution due to their organizational structure and the need for multiple authorized signatories. ISKCON also researched other solutions but found them lacking physical cards, which restricted POS payments and cash withdrawals.
How We helped ISKCON
Primary Use Case: Petty Cash
UPI Payments Made Possible
OmniCard enabled UPI payments, allowing devotees to make donations and payments directly from their bank accounts using their smartphones. This eliminated the need for cash transactions and provided a seamless payment experience. UPI streamlined operations, reducing errors and improving the overall efficiency of financial transactions.
Convenience of Physical + Virtual Cards
OmniCard provided physical and virtual cards to ISKCON, offering devotees the convenience of making payments both online and offline. The physical cards could be used at the temple complex for purchases, while the virtual cards were ideal for online donations. Devotees benefitted from the convenience of making payments through physical/virtual cards, making their experience more enjoyable.
Overall Shift to a Digital Ecosystem
OmniCard helped ISKCON transition to a digital ecosystem, enabling them to track donations, manage finances, and streamline their payment processes efficiently. Through comprehensive training and support, OmniCard facilitated ISKCON’s transition to a digital ecosystem, ensuring smooth adoption and usage of the new payment systems.
The OmniCard Difference!
Time, Cost & Effort - OmniCard saves it all!
3X
FASTER PAYMENT
SYSTEMS
3 DAYS
REIMBURSEMENT CYCLE DOWN FROM 14 DAYS
10 HRS
MANHOURS SAVED PER
WEEK
Customer support is very great, promptly responding to inquiries, deserving a 9/10 rating, and the training provided to everyone was good and adequate.
- Braja Hari Dasa, Divison Head - Finance & Accounts 
A Quick Comparison
| Features | Without OmniCard | With OmniCard |
|---|---|---|
| UPI Payments |  |  |
| Reimbursement | | |
| Reconciliation | | |
| Scattered Payments | | |
| Scalability to other branches | | |
| Cash withdrawals | | |
| Bank account requirement | | |
| Online payments | | |
| Physical Cards | | |
OmniCard Scoreboard
8/10
Mobile Application
9/10
Customer Support
Live Temples by ISKCON across India
Future Outlook
The implementation of OmniCard has been transformative for ISKCON Bengaluru, addressing their unique challenges and enhancing their financial management capabilities. By enabling UPI payments, providing both physical and virtual cards, and facilitating a shift to a digital ecosystem, OmniCard has streamlined ISKCON's operations and improved their overall efficiency.
The customized solutions and enhanced security measures have ensured that ISKCON can focus on their core activities without worrying about financial transaction issues. With OmniCard, ISKCON Bengaluru has not only modernized their payment systems but also set a precedent for other 27 branches across India to follow.
Explore OmniCard
OmniCard offers India's 1st Corporate Card with UPI Payments. Now make your Business Spending smarter, more efficient and easier with OmniCard Expense Management Solutions.
