Micro finance Mobile Solutions, Mobile Commerce: FINO Mitra "My Friend"


Overview
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FINO Tijori
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FINO Saral
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FINO Tatkaal
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FINO Parichay
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Sayana Ravi
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FINO Sure
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FINO Plus
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FINO Mitra
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Platform Technologies

FINO MITRA "My Friend"

(Mobile Based Information and TRAnsactions)

Today there are over 350 million mobile subscribers in India and around 15 million subscribers are added every month. Mobile networks today are reaching remote towns and villages in far corners of India. The cost of the mobile services in India is amongst the cheapest and continues to get lower as each day progresses. Thus mobile networks with their wide reach and cost effective operations provide the perfect alternative channel for enabling microfinance. Realizing the exciting opportunities offered by mobile as a platform, FINO has launched FINO - MITRA(Mobile Based Information and TRAnsactions) a comprehensive set of end-to-end offerings for enabling microfinance initiatives leveraging mobile as a platform.

FINO - MITRA covers the entire range of services starting from operational tasks such as enrollment to complex transactions such as mobile commerce. FINO - MITRA caters to the needs of the agents/ middlemen as well as the end users. For the agents FINO - MITRA offers Mobile Based Enrolment as well as Mobile Based POT. For the end users it offers Mobile Banking, Mobile e-wallet, M-commerce thus completing the solution ecosystem for enabling financial inclusion using mobile as a platform.

Why FINO - MITRA

FINO - MITRA is envisaged to establish mobile as one of the most feasible alternative channels for enabling microfinance. FINO - MITRA leverages the intrinsic characteristics of mobile platform such as cost and reach to enable simplified financial transactions that can reach to the masses. FINO – MITRA creates a win-win situation for institutions, agents as well as the end users.

With the reach and scalability of mobile, FINO-MITRA provides the alternative channel for banks, agents and end customers to get maximum out of each other. While for institutions it reduces the cost it also helps agents to ensure better customer service. All these results in a multifold increase in value delivered to the end-customer. FINO-MITRA helps to achieve the vision of ensuring inclusive growth through accessible, affordable and effective.