New Delhi, 19 February, 2020: FIA Global, a leading fintech company in digital payment and distribution systems for last-mile financial inclusion in India and Nepal, has reached a key milestone by enrolling 25 million customers in 2019. The maximum number of subscribers are from states such as West Bengal, Chhattisgarh, Bihar, Uttar Pradesh and Rajasthan.
Over the next two years, FIA Global aims to further increase the customer base by cross-selling key products through its inclusive AI platform besides focusing on deepening its presence and adding new customers.
Commenting the reaching the milestone, Ms Seema Prem, CEO of FIA Global, said, “Establishing a customer base of 25 million is a major achievement for us and a testimony of the faith our customers have in FIA. It demonstrates that we are aligned with the government’s larger agenda of enabling financial inclusion to the last mile.”
With a digital payment network spanning 673 districts in the country, FIA Global provides banking and financial services at the doorstep of customers in underserved low-income households and minorities in India and Nepal. Profitable since its inception, the company has seen increased adoption of financial services across its range of products – basic banking services, mutual funds advisory and loan sourcing. The company also plans to roll out an alternate lending platform for the public.
About FIA Global
FIA Global, is a leading fintech company that provides last-mile digital payments and distribution systems to enable 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 centres under PMJDY, Financial Inclusion services, Digitization Programs, Digital payments, Remittance, Alternate credit score, Bharat Bill Pay, Micro mutual funds, Micro-loans and Nepal Money Transfer.