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Financial Inclusion Service

Financial Inclusion Service

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Globally, over 2.5 billion adults have no access to the types of formal financial services delivered by regulated financial institutions, leaving a huge gap that needs to be filled through innovative technologies and service models.
The figure alongside states worldwide statistics on households having a single banking account - great challenges and opportunities for Financial Inclusion.
Typically, financial
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Integra Micro Systems Private Limited

Jasola, New Delhi
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Distributor / Channel Partner
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Product Description

Globally, over 2.5 billion adults have no access to the types of formal financial services delivered by regulated financial institutions, leaving a huge gap that needs to be filled through innovative technologies and service models.

The figure alongside states worldwide statistics on households having a single banking account - great challenges and opportunities for Financial Inclusion.

Typically, financial inclusion can be started by providing access to banking accounts, microinsurance products, microloans, remittances, and comprehensively spreading onto other financial services offered by the financial institutions.

However, Banks and Insurance companies often fail to deliver these due to the following constraints:

  • Cost of processing a transaction is high - typically, cost per transaction is over $1 to the bank branch, $0.40 at the ATM, and about $0.10 for internet.
  • Number of transactions are low
  • Value of each transaction is lower, typically below $5

Customer is hesitant to reach out to an existing bank branch due to the following constraints:

  • Cost of reaching a branch is high
    • for a small value transaction, the cost of travel and the time taken to travel due to infrequent transport is a good portion of the transaction value
  • Clash of branch timings and daily obligations of a customer
  • Paper work requires literacy and understanding

Besides, issues like availability of trained staff in remote location and language of operations is a challenge.

These issues can be addressed through Branchless Banking which is a combination of Business Correspondent (Field Agent), and economic advanced solutions (biometrics, smartcards and GSM/CDMA/PSTN connectivity). Integra is a pioneer in these processes and technologies for enabling Banking, Insurance and e-commerce services to the financially excluded population while also enriching services for undeserved urban masses.


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Financial Inclusion Service

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About the Company

Year of Establishment1988
Legal Status of FirmPrivate Limited Company
Nature of BusinessDistributor / Channel Partner
Number of Employees101 to 500 People
IndiaMART Member SinceJul 2014

Integra Micro Systems Private Limited was established in the year 1988, Integra is a leading provider of innovative high technology products and solutions in the Government, BFSI and Telecom space, and is focused on the Indian and African markets. It is headquartered in Bangalore and has offices in all major cities of India.

Integra's vision is to be a leader in core technologies by offering world class software products, solutions and services at affordable cost through innovation and futuristic technologies.

    Current Focus Areas:
  • Financial inclusion
  • eGovernance applications
  • Biometric smart cards and transaction enabler systems
  • Distribution and systems integration of open source systems, video surveillance, document imaging and embedded systems

Since its inception, Integra has continued to build, promote and support its own products that have captured a large market share in their respective segments.

In its early years, Integra was known to be a UNIX company, as it was the first to port UNIX onto Indian hardware and went on to develop several leading networking, office automation and imaging products on UNIX, which were then ported onto many other platforms. These products went on to become the industry standard, captured a large market share and are even used today.

Jataayu Software, a former subsidiary, was the first company in India to bring out the WAP browser, WAP gateway, and many other products in mobile infrastructure software for mobile handset manufacturers and telco operators VAS backend.

Integra today has several pioneering products for the financial inclusion, e-Governance and transaction gateways, and technologies to biometric enable any enterprise application.

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Seller Contact Details

Chetan Sharma

DTJ, No. 220/221, IInd Floor, DLF Tower-B, Jasola
Jasola
New Delhi - 110025, India

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