"The product named SISA Tipper for discovery of both card data and Aadhaar number has been accepted across more than 100 companies across industry verticals."
Many companies are struggling to find new merchants for their services under unclear fee structure.
The retail payments segment accounted for as much as 98 per cent-99 per cent of total volumes.
Jaiswal has a 25 year experience in the corporate world and a stint with rating agency CRISIL. He would also be holding the additional charge of Magma' SME business.
With the machines becoming more expensive, smaller banks and newly-licensed small finance banks could slow down deployment of teller machines.
From about 2m in December, the number of transactions has increased to 6.1m in April.
Banks have already deployed around 1.3 lakh micro ATMs in the country, of which more than 1 lakh terminals are interoperable, said NPCI Chief AP Hota.
The number of frauds went up to 5064 from 4235 and the value shot up to Rs 16770 crore from Rs 9750 crore over the last five years, said the central bank in the Financial Stability Report of 2017.
Through the investment, Zeta plans to reach out to the employees that ZingHR serves through its corporate clients.
Aditya Birla Capital is the holding company of the financial services business of the Aditya Birla Group.
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