Modular Corporation of Malaysia Launches Its First Microfinance Smart Card for the Microfinance Institution Mahasemam Trust of India

Modular Corporation, a wholly owned subsidiary of Modular Techcorp Holdings of Malaysia, announced the launch of its first Microfinance Smart Card for the Mahasemam Trust, a microfinance institution based in Madurai, India. Field officers of the Mahasemam Trust will use the Smart Card in combination with a small hand held device to record data such as payments and transactions. This information would then be downloaded daily to a central server.

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