Avio Smart Market Stack Limited received a Purchase Order from Indian Overseas Bank for Corporate Business Correspondent (CBC) services under its Financial Inclusion Technology initiative.
The 3-year contract covers onboarding, training, and monitoring of Business Correspondent Agents, cash handling, and field-level service delivery across rural and semi-urban locations.
The engagement is expected to scale to ~500 banking touchpoints, building on ASMS' existing network spanning over 5,000 villages across India.