Mumbai: FINO,one of country's larger business correspondents have acquired Nokia Mobile Payment Services in India, thereby making its foray into prepaid mobile payment space.
The brand name has been changed to Takatak Money. Almost 65% of all retail transactions in India are conducted in cash.
"This is a strategic investment for FINO. It will add value to our comprehensive range of financial serivces products, there by enhancing shareholders valu," said Rishi Gupta, CFO--FINO.
The new brand will be led by Shweta Aprameya who heads the business management group at FINO.
The business correspondent plans to leverage the 920 million strong customer base to extend its services in both urban as well as rural,less accessible geographical belts.
"Believer - Humanitarian - Habit of Success" Sukumar Balakrishnan is the Founder of JB GROUP, a 500 Crore National Organization with over 150 Direct & 1200 indirect professionals operating from 5 major cities in India. Jayalakshmi Balakrishnan Group, a multi-faceted group venturing into, E- Commerce and Import-Export (INNOKAIZ), Retail and Wholesale (JB MART), Food and Beverages (KRISHNA FOODS ), Real Estate (Constructions on sites, Interior scaping, Facility Management)
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