Fino Paytech, through its business correspondent model, offers revolutionary technology solutions to improve the operational efficiency of social benefit schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme – MGNREGs and Social Security Pensions - SSP. These benefits are transferred through the electronic benefit transfer (EBT) scheme, which is a part of the overall Financial Inclusion Plan (FIP), where to begin with, a bank account is required to provide a range of permissible banking services.
Fino Paytech offers its technology right from the enrolment of beneficiaries, issuance of biometric smart cards to the disbursement of wages. It also offers scheme-specific solutions to various stakeholders.
In addition to the above, Fino Paytech also extends its services to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGs). This involves registering demand for work, recording work commencement orders, delivering printed orders to wage seekers, issuing receipts to wage seekers, calculating wages, recording attendance, and so forth.
MGNREGS Fino Paytech's first foray into the government sector was with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGs), which epitomised the convergence of the banking segment with the government domain. Learn More
Social Security Pensions (SSP) Fino Paytech's robust architecture, based on fingerprint usage as validation, has been adopted by several state governments across the country to deliver social security schemes to citizens. This has lead to substantial savings in terms of resources for the government. Learn More
We have an effective MIS for monitoring of field force and transactions.