Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank

Firm will scale up value-added services like insurance at point-of-sale terminals, micro ATMs, says new CEO Ketan Patel

Mswipe Technologies, PoS player which is backed by Ratan Tata Associates promoted fund, is looking to morph into a digital SME bank in next four to five years.

It will be a niche bank focused on small merchants and their needs. As a part of plans, it will scale up value added services like insurance at point-of-sale terminals and micro ATMs, said its new chief executive Ketan Patel.

He succeeds Manish Patel, founder of a financial services platform for SMEs, who will move into the role of managing director. In his previous assignment Ketal patel was the Executive Director &