Peak XV-backed Kenko Health Introduces Kenko Pay

This innovative solution allows to settle medical bills cashlessly using their subscription benefits, eliminating the need for out-of-pocket spending

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Kenko, a leading health financing company, is proud to announce the launch of Kenko Pay, a revolutionary feature that is set to transform the way healthcare expenses are managed in India. This innovative solution allows Kenko subscribers to settle their medical bills cashlessly using their subscription benefits, eliminating the need for out-of-pocket spending.

Traditionally, individuals have had to pay for healthcare expenses upfront and then go through the arduous process of seeking reimbursement. This often led to delays, added paperwork, and uncertainty about receiving full reimbursement. With Kenko Pay, all these hassles are a thing of the past.

Here's how Kenko Pay can be used for a cashless doctor consultation:

- With the Kenko app, subscribers can easily locate nearby healthcare facilities, such as pharmacies, clinics and diagnostic test centers

- Following a visit, subscribers simply scan the UPI QR code at the doctor's clinic

- The consultation fee is automatically deducted from their Kenko benefit, with payment instantly received by the healthcare provider, just like a standard UPI transaction

- Subscribers can conveniently upload bills and prescriptions for future Kenko benefits

Kenko Pay leverages the UPI network, ensuring compatibility with any healthcare facility accepting UPI payments. During a transaction, Kenko employs cutting-edge AI technology, utilising the user's GPS location, facility coordinates, and QR details to verify the transaction's legitimacy and process the payment securely within 60 seconds. Post-transaction, machine learning models rapidly digitise user-uploaded bills, facilitating future use of Kenko benefits. Currently, this feature is available at over 15,000 doctors' offices across 16+ specialties in 500 cities in India.

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