Chennai : In order to gain strategic control over the financial services distribution, Chennai-based PaisaPower.com Pvt Ltd has launched PaisaPower Network. With this, the Internet-based financial service infomediary will become an integrated multi-product, Web-enabled, vendor neutral distribution company for financial products and services.The network will be a blend of a captive team and franchisees. The company already has a 60-member captive team located across six cities - Chennai, Bangalore, Hyderabad, Delhi, Mumbai and Pune; a network of 15 franchisees and 1300 investment sub-brokers. And it plans to leverage on its relationship with over 50 vendors to provide opportunities for the supply chain.
According to Mr PM Austin, CEO of PaisaPower.com, the Network is an efficient method of reaching out to those customers who are not yet Internet users through Web-enabled intermediaries.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
