HSBC in tie-up with Sa-Dhan to develop digital ecosystem for India’s unbanked segment

HSBC Bank has entered into an agreement with Sa-Dhan to develop ecosystem for the unbanked segment in the country. HSBC Bank is providing technology expertise to train and educate micro-finance consumers at grass-root level and introduce digital banking. It has to be undertaken in West Bengal, Punjab, Karnataka and Maharashtra and it is expected to benefit 1,200 consumers. The pilot will be creating digital hubs with POS machines and internet connectivity.