Financial Inclusion
Financial inclusion is delivery of banking services at an affordable cost to the vast sections of unbanked and under-banked population. It is a process by which mainstream financial services such as savings, withdrawal, insurance, loans etc. are made accessible to these population segments cost-effectively and efficiently.
Microfinance Solution
Microfinance solutions deal with usage of technology to cost-effectively and efficiently deliver lending products to the rural and deep-rural segments of population. Innoviti biometric range of handheld terminals and uniPAY range of switch and card management solutions provides all elements for Microfinance requirements.
Branchless Banking Solution
Branchless banking is the delivery of conventional banking products, such as savings, insurance, investment etc. to the unbanked and under-banked segments of the population. Innoviti provides a range of PC and handheld terminals for delivery of these products. Innoviti also delivers soft switch and banking applications for management of customer accounts.
Postal Remittances Solution
Worldwide postal channels are effectively used for transfer of funds from urban to rural areas. These are primarily used by the rural population working in urban areas. Innoviti's terminal solutions with back-end card management system help in providing for a cost-effective and secure transfer mechanism.
Pension Disbursement Solution
Delivery of social sector benefits requires the government to put in place technology solutions that can prevent fraud and allow for efficient tracking of delivery of benefits. Innoviti's biometric terminals help control fraud while the soft switch and card management system help in ensuring that all benefit delivery is tracked.