New Delhi: Fintech solutions provider NextGen has tied up with the association of microfinance institutions, Sa-Dhan, to promote digital payments by feature-phone users in the micro finance space.
The partnership intends to help millions of feature-phone users to make digital payments under the micro finance ecosystem, a joint statement said on Sunday.
Micro finance institutions have their presence in over 600 districts in India and there is a need to bring in technology-based solutions to reduce the operational costs for these institutions and enable easy finance availability in tier two and tier three cities/rural areas of India, it said.
