Fullerton India wins Financial Inclusion and Payment Systems Award 2013

MUMBAI, INDIA: Fullerton India Credit Company Ltd has been conferred the Financial Inclusion and Payment System Award 2013 held in in Delhi on the 25th of October. The project that won the award was the biometric based 'Smart Handheld device on Field' device, which facilitates the loan installment collection process in the rural markets.

This system has been a unique feature of Fullerton India's rural business operations- offering both convenience and transparency in transactions to customers. Currently Fullerton India's rural business which operates under the brand name- "Gramshakti" does over 1.5 Million transactions through these hand held biometric devices every month.

The award was received by Samir Khare, GM- business solutions on behalf of Fullerton India and was handed over by J. Seelan, minister of state for finance, GOI and R Chandrashekhar, former telecom secretary and president designate, NASSCOM.