Venture Infotech to launch smart card in Pune

Rashida Bakaith

MUMBAI: The Mumbai-based Venture Infotek is all set to introduce the smart
card concept in nearly 4,000 shops in Pune. The installation of these terminals
will enable big and small shops to have cash-less transactions.

Elaborating on the project, Venture Infotek’s managing director Anil Sinha
said Pune has about 1,500 terminals for these smart cards. Venutre Infotek is
hoping to extend this to the banking sector and has already come up with Rs 4.15
crore project for the same. In this respect, the firm plans to install
additional terminals in 14 to 15 local banks.

We will be focusing on 14-15 main banks in Pune and will be assisting them in
setting up the facility. This facility will carry the complete profile of the
user and will be multifunctional characteristics as it can be used as a debit or
credit card, he said.

This apart, the firm is also focusing on Pune’s merchants by its proposed
launch of smart card called ‘Anmol’. The concept will be launched in
twenty-one cities, where the firm has a presence. The terminals and the cards
will be provided to them at concessional rates, he said.

The firm which is providing complete card processing services to several
banks in the country, boasts of a nationwide infrastructure, serving over 15,000
merchants located across 187 cities and towns. Venture Infotek is also
registered with Visa, Master Card international and American Express.