Financial Technology Startup Aceware Fintech chosen for Union Government's Digital Project
Aceware FinTech Services Pvt Ltd, a fintech startup mentored by the Kerala Startup Mission and registered with Startup India, has been chosen by the Union government as the partner for the special drive launched for the digital on-boarding of street vendors in Kerala. The drive, which was launched as part of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), a special micro-credit facility for street vendors, aims to bring 8.68 lakh street vendors in the country online.
“The drive aims to accelerate the on-boarding of street vendors on the UPI QR code and handhold them to start accepting and making digital payment transactions. Five major aggregators including Aceware (Acemoney) have agreed to participate in the 45-day programme for digitally on-boarding the street vendors with the BHIM-UPI QR code on a pro bono basis,” said the Ministry of Electronics and IT in a statement.
Aceware FinTech Services will cover 5,487 street vendors in 50 cities in Kerala as part of the project. The remaining will be addressed at a later time. “We are delighted to associate with the government in this initiative. The drive will help increase the operational efficiency of street vendors and will provide greater convenience for them as well as their customers,” said Nimisha J Vadakkan, managing director, Aceware.
Aceware Fintech Service Pvt.Ltd is a Fintech firm that promotes financial inclusion by developing innovative products and services under its brand. They have been in the finance industry since 2007 and have the necessary expertise to provide the best service in terms of quality, price, and timeliness.
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