Fino Payments Bank has introduced an Android-based PoS device to ramp up its door-to-door banking services. More than 10,000 locations across India will be equipped with this multi-utility device that bundles a tablet, a fingerprint scanner, a card reader, a camera, and a printer. The mPOS device can carry out the entire gamut of transactions like account opening, deposits, cash withdrawals, money transfers, purchase of financial products and services (gold, loans, insurance), and Aadhaar-Enabled Payment Systems (AEPS). It is interoperable and will allow even customers with debit cards issued by other banks to do payments and withdrawals at the bank’s banking points. Ashish Ahuja, executive vice president and head – Products at the bank, said in the next 12 months, the bank would deploy these devices at 10,000 of its retail as well as corporate banking points, including branches, BPCL outlets, franchisee points, and partner bank’s BC channel. It has already deployed around 2,000 devices to enhance doorstep and neighborhood banking services in urban as well as rural areas for the convenience of our customers, he added.
