New Delhi   

New terminals to make MNREGS payments easy

NEW DELHI: Leading global provider of payment solutions, Ingenico International India Pvt. Ltd., has announced collaboration with Financial Inclusion Network and Operations (FINO) to help them deliver payment solutions under micro-finance schemes and the much talked about Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS).

The project would enable FINO to use the services of ‘bandhus' or agents to reach out to the country's rural and far-flung regions to carry out secure financial transactions for multiple banks, State and Central Government social development schemes and micro-finance agencies with the help of Ingenico's hand-held bio-metric POS terminals.

Over 25,000 Ingenico Biometric terminals have been deployed by FINO so far. The deployment of terminals will continue this year as well.

FINO provides turn-key technological solutions to institutions such as banks, insurance companies, government social schemes, micro-finance institutions and corporate enterprises, enabling them to take their products and services to the doorsteps of millions of unbanked and under-banked households across India.

To make financial inclusion a reality, FINO relies on Ingenico's technology for authentication and authorisation of business correspondent and customers .

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Policeman shot at by two on bike
U.S. circulates ‘thought paper' on Indian membership of NSG
Monsoon likely to arrive in three to four days
Super 30 to open exam centres outside Patna
Congress goes into damage control mode
Appeal by Buddhist organisation dismissed
Delhi Metro to pay property tax to MCD
Demand for reduction in VAT on diesel
Black dollar racket
Himalayan Odyssey flagged off
Sugarcane overtakes paddy as top kharif crop
New terminals to make MNREGS payments easy
In the Capital Today

Copyright © 2011, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu