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Nextgen Ties up With Sa-dhan to Promote Digital Payments

Source: The Economic Times

Fintech solutions provider NextGen has tied up with the association of microfinance institutions Sa-Dhan to promote digital payments by feature-phone users in the microfinance space. The partnership intends to help millions of feature-phone users to make digital payments under the microfinance ecosystem, a joint statement said on Sunday.

Microfinance institutions have their presence in over 600 districts in India and there is a need to bring in technology-based solutions to reduce the operational costs for these institutions and enable easy finance availability in tier two and tier three cities/rural areas of India.