FINO PayTech Limited, the Mumbai-based payments technology company, announced its plans to roll out a slew of technology products for banks working in the financial inclusion space. This comes close on the heels of Dr. Nachiket Mor committee recommendations urging banks to use technology to speed up financial inclusion.
“Financial Inclusion Gateway, AEPS Micro ATM and Kiosk Banking solutions are complaint and compatible with all relevant systems and standards including regulatory guidelines and UID (Aadhar enabled payment systems). We demonstrated the effectiveness of these solutions with a leading bank recently and are keen to explore opportunities with other banks,” said Mujahid Ahsan, Vice President, FINO PayTech. FINO’s financial inclusion gateway along with its Kiosk Banking and AEPS Micro ATM solutions as bundled offering provides further impetus to banks’ financial inclusion efforts. It allows all key stakeholders of a bank work in a collaborative environment towards ensuring greater reach of banking services in rural areas. It leads to ease and increase in operational efficiency and thereby enables substantial cost savings to the bank.