FINO Paytech CFO on the firm's new focus areas -- B2C and mobile payments | VCCircle
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FINO Paytech CFO on the firm's new focus areas -- B2C and mobile payments

BY  Bruhadeeswaran R
Rishi Gupta talks about how the PE-backed financial inclusion technology company is focusing on newer revenue channels and emerging opportunities.

FINO PayTech Ltd (formerly FINO Ltd) is involved in the financial inclusion sector providing micro banking technology services besides helping banks reach out to the unbanked through its ‘business correspondent’ (BC) unit. The Mumbai-based firm works with banks to provide products like saving bank accounts, loan products, remittances, insurance products, government subsidies disbursement, among others. Its solutions are anchored around using biometric smart card, hand-held devices and micro deposit machines to perform field operations and biometric authentication.

The firm recently expanded its presence by acquiring the prepaid mobile payment business of erstwhile Nokia Mobile Payment Services in India. Backed by...

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