NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, November 18, 2014

Ezetap, a mobile payment startup, wants to connect small Indian villages with business and is using its mPoS to do so, Business Standard reported.

This three-year old Bangalore-based company, which is supported by investors like PayPal founder Peter Thiel, said its mobile payment solution for small towns in villages in India can also help with financial inclusion. India has struggled with issues of financial inclusion because of operating costs, Business Standard said, but technologies like Ezetap can provide those can provide an “efficient, secure and cost-effective alternative. And though its a startup, it’s got major bank backing.