Centre partners Aceware Fintech for digital on-boarding of Kerala street vendors

Aceware Fintech

In a bid to accelerate the digital usage, Centre has joined hands with Aceware FinTech Services, a fintech startup, to run a special drive initiated for the digital on-boarding of the street vendors in Kerala.

Under the initiative, which was launched as a part of the PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi), a special micro-credit facility for street vendors, the Centre is planning to bring 8.68 lakh street vendors on-board across the country.

The initiative for digitally on-boarding street vendors was unveiled by the IT ministry, in association with the housing and urban affairs in 223 cities across the country.

The special programme plans to speedup digital inclusion of street vendors on the UPI QR code and train them to begin using and making digital payment transactions.

Five major aggregators including Aceware (Acemoney) have given their nod to be a part of a 45-day special drive for digitally on-boarding the street vendors with BHIM-UPI QR code on pro-bono basis, said Ministry of Electronics and IT in a statement.

In Kerala, Aceware FinTech Services will initially cover 5487 street vendors in 50 cities.

“We are delighted to associate with the government in this initiative. The drive will help to increase the operational efficiency of street vendors and will provide greater convenience for them as well their customers,” said Nimisha J. Vadakkan, Managing Director, Aceware FinTech Services.

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