Raghunath Panda

Zero Mass Foundation (ZMF)

A Little World (ALW) is the developer of ZERO, India's first domestic payment system with specific focus on reaching out to masses with lowest available communication infrastructure.Zero Mass Foundation (ZMF) creates the last mile operations network in villages, under pre-defined service agreements with Banks and front-ends the delivery of full-featured transactional services on behalf of Banks for Financial Inclusion on the ground. Zero Microfinance and Savings Support Foundation, a Section 25 Company closely affiliated to ALW, has been appointed as a Business Correspondent by 15 Banks, and provides field operations for the ZERO platform. ZMF manages the field force, account creation, appointment of Customer Service Points (CSPs), management of cash and other logistics at the last mile. ZMF in turn collaborates with strongly placed local organizations, district and state administration to ensure smooth deployment and operations. ZMF creates the last mile operations network in villages, under pre-defined service agreements with Banks and front-ends the delivery of full-featured transactional services on behalf of Banks for Financial Inclusion on the ground.