A small startup, a frugal mindset and a disruptive technology are shaking up the rural banking scene in India, giving 300 million dwellers a chance to get a bank account. India's rural economy has ...
Vortex Engineering, provider of low power consuming ATMs (Automated Teller Machines) headquartered in Chennai will undertake India's first large-scale rollout of solar ATMs. This rollout follows the ...
In urban America, getting money out of the bank means walking a block to the ATM. In rural India, the nearest bank branch might be a day’s journey away. But now a company called Vortex Engineering is ...
New Delhi, India, June 25, 2012 IFC, a member of the World Bank Group, is investing $2.7 million as equity in Vortex Engineering to help the company expand its network of automated teller machines ...
V Vijay Babu, CEO, Vortex Engineering, says: "With an ATM penetration of about 0.04 per 1000 people in India, there is a huge need for Rural ATMs. With this solar innovation becoming a viable option, ...
A new automated teller machine aims to expand personal banking in rural India, where high temperatures, power outages and identity theft make for particularly challenging terrain. Vortex Engineering ...