COBANKS is a proven pigmy collection software platform that helps field agents collect daily deposits using a smartphone instead of a dedicated pigmy machine.

Why banks choose COBANKS over traditional pigmy machines

Handheld pigmy collection devices are expensive to buy and maintain. Paper rolls, repairs, and device replacement add recurring cost. COBANKS turns any Android phone into a secure collection terminal while keeping your existing core banking or finance software unchanged.

• Save ₹10,000–₹15,000 per handheld machine
• Instant SMS receipts to customers
• Works with or without internet; syncs when online
• Real-time visibility for managers and back-office staff
• Import and export via PCTX / PCRX files compatible with your current system

Who uses this pigmy collection software?

More than 54 cooperative societies, finance companies, and chit funds across 25+ locations in Karnataka and beyond rely on COBANKS for daily pigmy collection. The same platform supports:

• Co-operative banks and credit societies
• Chit fund companies
• Micro finance and NBFC-style daily collection

How the software fits your daily workflow

1. Upload account data (PCTX) to the COBANKS web portal before collection.
2. Agents collect deposits on the pigmy collection mobile app.
3. Download the day’s collection file (PCRX) and post into your existing Windows application.

Setup is guided by our team. Watch step-by-step videos on the demo videos page or install from downloads.

Related solutions

Explore how COBANKS replaces hardware: pigmy machine alternative. Read answers in our FAQ.