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Varam Capital Selects SayPay for Voice Biometrics

6 January 2016

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 January 6, 2016
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Varam Capital (NBFC/MFI), a provider of micro-finance inclusion solutions in India, has selected SayPay as their trusted partner to deliver advanced authentication solutions to their 60,000 clients. Varam supplies loans, savings and other financial services to those who may not otherwise qualify. A loan of a few thousand rupees may make a huge difference in their lives, giving them the ability to purchase livestock or equipment for a small farm, a sewing machine to make clothing, or stock for a local store. Now, all of Varam’s clients can settle loans and make payments using the simplicity and security of SayPay’s voice solutions. This reduces risk, improves accountability, and eliminates financial disputes from ever occurring. Varam’s move from cash to electronic payments needed a means for simple yet secure authentication. Varam clients now speak a one-time SayPay ‘voice token’ into their agent’s phone as proof of loan funding and payment acceptance. See the press release

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