FIA Tech achieves milestone 20 million customers

Hyderabad, 24 June 2019: FIA Tech, a leading fintech company in digital payment & distribution systems for the last mile financial inclusion in Indian and Nepal, has crossed milestone 20 million customers in June 2019. The company has got maximum number of subscribers from states such as West Bengal, Chhattisgarh, Bihar, UP and Rajasthan who have opted for financial services through wider network of FIA tech.

To further increase the customer base, company is also planning to cross sell key products through their innovative technology platform besides focusing on deepening their presence and adding new customers in the next 2 years.

Commenting the development, Ms. Seema Prem, CEO of FIA Tech said, “Reaching a 20 million customer base is a milestone achievement for us and is a testimony of customers having faith in FIA. With the industry showing upward trend, we are hopeful to see a large base getting added into Indian financial inclusion system enabled by FIA’s cutting edge technology.” “We are aligned to Govt’s larger agenda of enabling financial inclusion to the last mile” She further added.

With a digital payment network spanning 622 districts in the country, FIA Tech provides banking and financial services at the door step of customers in underserved low-income households and minorities in India and Nepal. Profitable since inception, company has seen increased adoption of financial services across its range of products – basic banking services, mutual funds advisory and loan sourcing. Company will soon be rolling out intuitive investing platform for the masses and focus on loan origination for the credit invisible.

About FIA Tech

FIA Technology Services Private Ltd., a digital payment & distribution system is a leading fintech company for last mile financial inclusion in Indian and Nepal. FIA’s award winning Inclusive fintech platform provides mobility and online payment solutions for the masses. The Company endeavours to increase awareness on how the under-served can capitalize on the digital growth opportunity while also enabling individuals to avail an array of services – Banking, Credit, Livelihood Opportunities, Digital Payment Solutions and access to other socially impactful products and services.

Some of the services provided by FIA are Bank Mitra centers under PMJDY, Financial Inclusion services, Digitization Programs, Remittance, Bharat Bill Pay, Micro mutual funds, Micro-loans and Nepal Money Transfer.