FINO adopts Gemalto smart cards for India micro-banking project

Views: 683

Financial Information Network & Operations (FINO) has introduced smart-card technology with biometric authentication from Gemalto in India, to accelerate the deployment of micro-banking in India

The Gemalto technology stores transaction records inside the smart card to enable micro-banking and is designed to simplify access to financial services for the under-banked population in rural India. FINO provides end-to-end core banking technology, including smart cards, to micro-finance partners, banks and non-governmental organizations involved in serving low-income households in the urban and rural regions in India as business correspondents of large institutions. The card provides financial services like deposit remittances, savings, loans, insurance and e-Purses. Additionally, the card also acts as an electronic statement to log all transactions, with the ability to store the last 150 transactions.

Follow and connect with us on Facebook, Twitter, LinkedIn, Elets video

Eletsonline News
Eletsonline News

Latest News

To Top