Ujjivan to invest ₹300 cr in tech

Ujjivan Financial Services has earmarked more than ₹300 crore for investment in implementing and integrating its core banking technology over the next five years. The move is a further step towards its proposed small finance banking operations. The Bengaluru-headquartered microfinance institution said it will be focusing on mobility solutions, which will use mobiles and handheld devices to reach its rural customers.