Microfinance

Atom Tech to offer banking via subsidiary

Mumbai, Sept. 25 Atom Technologies, part of the Financial Technologies Group, is planning to offer banking correspondent services through a recently set up subsidiary, ‘Grameen Pragati.’

The company is currently running a pilot project for mobile payment services jointly with a regional rural bank in Uttar Pradesh. It is also in talks with a couple of micro finance institutions based in Rajasthan and Maharasthra to offer the same, said Mr Dewang Neralla, CEO of Atom Technologies.

Grameen Pragati, which is a no-profit making Section 25 company, is likely to start offering banking correspondent (BC) services by October, he said.

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About Atom Technologies limited
Atom technologies limited, a digital retail initiative of Financial Technologies (India) Limited, conceptualizes, develops, and markets technology products and platforms to serve as a catalyst to unlock value in the retail transactions ecosystem, leveraging on the mobile communication infrastructure. atom technologies is a new-age payment service provider that enables “any transaction on mobile.”

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