Pigmy collection (daily deposit collection) is how cooperative banks, credit societies, chit funds, and micro finance companies gather small recurring amounts from members through field agents. COBANKS digitizes this entire process.
What is pigmy collection?
Agents visit members on a fixed route each day, record deposits, and issue a receipt. Traditionally this used a dedicated pigmy machine and paper rolls. COBANKS uses a smartphone pigmy collection app instead—lower cost, SMS receipts, and real-time totals for managers.
COBANKS pigmy collection system
- Mobile app for pigmy collectors and agents
- Web portal for online pigmy collection sync and reporting
- File exchange (PCTX / PCRX) with your existing society software
- Offline mode when network is weak in rural areas
Who we serve
54+ institutions and 156+ pigmy executives use COBANKS across 25+ locations. See pigmy collection for cooperative banks and our pigmy software overview.
Common searches we help with
People also look for pygmy collection, pigmi collection, or pigmy app—these refer to the same daily collection workflow. COBANKS is the Android pigmy app and backend used by societies on the cobanks.in platform.