Columbus, Ga.-based payment processing firm Total System Services Inc., or TSYS, is employing its technology to help the large swath of India‘s population that has little access to banking services.
Through its Saral money program, credit card giant Visa is using TSYS technology to check the biometric data of customers against the database of India’s new Universal Identification Authority.
The authority is undertaking a colossal effort to catalogue biometric data from every Indian citizen, issuing them a linked 12-digit ID number, or Aadhaar, which is similar to a U.S. social security number. Without a way to prove who they are, many Indians are unable to open bank accounts or claim government benefits.
More than 200 million people have been enrolled, but the task remains daunting, considering the fact that the majority of India’s population still lives in rural areas.
TSYS works in more than 70 countries with a variety of solutions, and has helped develop the payment-processing industry from the ground up in many developing nations.
Global Atlanta will soon take a look at the company’s work in Africa.
Click here for more information on the India deal or to read white papers by Amit Sethi, the TSYS managing director for India and Southeast Asia, on topics like social media’s relationship with payments and more.