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Micro Finance Reaching Rural India |
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In an effort to increase the reach of micro-financing into rural India, microfinance institutions (MFIs) are now using mobile phone technologies to make it more convenient and secure for the users. The latest to enter this segment is Cashpor India, which has partnered with the Israel-based ClassifEye to adopt their software-based fingerprint authentication technology that enables the MFI's agents to manage loans, make deposits and execute other operations via field agents who are equipped with Internet-enabled cellular phones. Source: Business Line
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