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IFTAS, B2-210, Kanakia Boomerang, Near Chandivali Farm Road, Mumbai, India
IFTAS B2-210, Kanakia Boomerang Near Chandivali Farm Road Mumbai IN

IFTAS, is a not-for profit FinTech organization, focussed and committed to extend the benefits of cutting-edge technologies to the close knit financial community and furthering the cause of financial Inclusion.
IFTAS owns and manages Indian Banking Community Cloud (IBCC), a specialised and niche community cloud for the banking and financial sector. IFTAS Cloud is focused on providing one-stop, integrated Fintech Solutions to banks and financial institutions in India through ‘Cloud’ technology
IFTAS plays a major role in automating the functioning of PACS (Primary Agricultural Cooperative Societies), which serves the bottom-of-the-pyramid enabler for Financial Inclusion.

IFTAS also manages India’s largest and critical payment system & the underlying Payment System network connecting all of India’s financial institutions.

IFTAS continuously engages with the Cooperative Banks in multiple states across India, to educate, spread awareness and push multiple digital payments channels adoption & proliferation.

Type of Partner
Platform Solution Partner
Primary Contact
Utpal Das
Number of Customers
10 customers
Active Member of the Community Since:
August 16, 2018
Social Mission

IFTAS has the mandate and the lineage to drive Financial Inclusion in India and even internationally. To fulfill it mandate, IFTAS feels that MIFOS is the right core platform to adopt and base its initiatives on. With MIFOS as the core platform, IFTAS will bring its expertise on and ownership of India’s backbone payment systems to bear and introduce innovative products and services for small banks and bottom-ofthe-pyramid societies. IFTAS also plans to integrate components of the India Stack in its offering.

Deployment Partner Services
Implementation Services
Platform Solution Services
Product/Solution Development on Mifos X platform (branded solutions), Integration of existing product with Mifos X platform , Custom app or module development on Mifos X platform
Size of the Team
86 employees
Future Goals & Strategy for Mifos

IFTAS with the partnership of MIFOS will fulfill the agenda of Financial Inclusion by bringing the affordable financial services, customizable to the end-user need, readily accessible through use of innovative technologies, a bankable support platform in providing the necessary tools & training, scalable & sustainable for effective delivery of digital Financial Service.
3 year Goals – Practise, Promulgate, Deliver the Digital Financial Service & enrich the ecosystem of the Financial Institutions aiding the bottom of the pyramid.

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