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Ujjivan Financial Services, a microfinance institution that is set to launch a small finance bank, plans to provide ATM benefits to unbanked and under-served customers across the country by using biometric-enabled machines.
For this, the company has partnered with global payments and fintech provider Financial Software and Systems (FSS). “This partnership with FSS is part of Ujjivan’s continuing effort to increasingly offer strategic omni-channel access to meet its differing customer needs across the country in a safe and secure manner,” said Samit Ghosh, MD and CEO, Ujjivan Financial Services.
“Our primary goal is to reach out to the large unbanked populace through our small finance bank, and provide them with easy-to-use banking services that will help them build a better life,” he added.
Ujjivan’s ATMs will provide not only biometric access to its customers through their thumb prints linked to their Aadhaar cards but also a level of security by adding new feature like EMV chip, in line with RBI norms.
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