FINO Launches Own Mobile Banking Product

Financial Information Network and Operations (FINO) has introduced its mobile banking solution that will increase the capabilities of the unbanked and underbanked at reduced costs. According to the Mumbai-based company, the use of mobile banking has increased three times over the past two years. Additionally, at least 36% of the population is literate and has mobile phones but no access to direct credit.

The introduction of this new FINO-MITRA mobile banking will hopefully allow more of the 8 million rural mobile subscribers in India to be reached. For more information about this new product by FINO, please visit the article at Microfinance Focus HERE.

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