Manish Khera, Founder & CEO of FINO, avers that FINO is not a bank; it's a last mile connector. It helps big banks acquire and service customers who are located in places that are too small for most banks to service directly. With a console device the size of a brick, FINO'S bandhus, or business correspondents, facilitate cash withdrawals, deposits, and even loans on behalf of the banks, in a micro-finance revolution that's transforming India.
http://businesstoday.intoday.in/story/the-last-milers.html/1/5856.html
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