Banks and regulatory bodies have made significant strides in providing formal credit facilities to the non-banking sectors that are excluded from mainstream banking services and payment systems. The Financial Inclusion Program addresses basic banking, lending and credit facilities for the rural and priority sectors, and technology is a great enabler in ‘taking the bank’ to the un-banked masses.
FSS, with its all-round capabilities in payments technology, operations and project management has developed Financial Inclusion Solutions which are built on a robust technology platform that enables banks and financial institutions to offer inclusive banking and financial services to the un-banked and under-banked sector. FSS Biometrics and Micro Pay solutions not only support online and offline transaction processing using biometric authentication on ATM and handheld terminals, but also support card issuance, hierarchical definition of business correspondents/agents, registration, accounting and management functions.
FSS Financial Inclusion offerings are available on License and Service models.