FINO and NCR Launch Remittance Kiosks in India

Wednesday, October 13, 2010

Financial Inclusion Network & Operations (FINO), one of India’s leading Financial Inclusion service provider and NCR Corporation, a global technology company today announced the launch of an added functionality of remittance service to the FINO NCR EasyPoint 70 – ‘Tijori’ micro-deposit-machines (MDMs).

FINO, to scale its services and reach out to more customers, has leveraged its self service platform “Tijori” and deployed micro deposit machines at the business correspondent points to enable customers to deposit and remit money on their own in extended hours beyond bank timings.

FINO Tijori is a self-operated stand alone machine that offers the functionality of account deposit, money transfer, balance enquiry, mini statement and request for loan options. This will bring in small sums of deposits more frequently thus inculcating saving habits in customers besides ensuring convenience of easier remittances.