In a bid to promote financial inclusion, leading payments and fintech brand FSS has announced the launch of eFinclusiv, a second-generation solution designed to deepen banking among underbanked sections.
FSS’s eFinclusiv is an integrated payments suite that has the ability to address the two-sided nature of payments.
It helps in bringing consumers, merchants and suppliers of financial services, on a common platform, accelerating network effects and pushing transaction growth.
It supports several services such as opening of new accounts, cash deposits, withdrawals, money transfers and payments. It enables card-based and card-less transactions via Aadhaar throughout the process.
Merchants can avail FSS eFinclusiv services through biometric-based payment via their mobile device.
“We have shown great progress in improving financial services access in India. This brings sizable business opportunities to capture new markets and drive adoption of financial products among underserved segments. FSS eFinclusiv provides a commercially viable pathway to achieve universal financial inclusion by helping digital financial service providers innovate and efficiently deliver a broad portfolio of products,” said Suresh Rajagopalan, President Software Products, FSS.