Intrex India’s Chief Technical Office Prakash Pawar considers Bangladeshi banker, economist and Nobel Peace Prize 2006 winner - Mohammad Yunus, as his inspiration. Yunus is the founder of the Grameen Bank which established the concept of microcredit. In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize.

But why Mohammad Yunus? “I see an iconic relevance in his vision vis-à-vis ItzCash card as both have created products for the common man,” affirms Prakash. “He is a blessing for a country like Bangladesh as he has a knack for understanding the grass-root problems of the people. With his out-of-the-box thinking and determination, he has converted his vision into reality,’ he adds.

Yunus’s innovation is the Grameen Bank where loans of small amounts are extended, mostly to women, to make them financially independent. 

“I hold him in high esteem because of his radical thinking and his relentless effort in bringing about positive social change. He stresses on the fact that poverty and hence illiteracy is the root cause of all evil in society and unless the issue is addressed effectively, the country can not progress. Then again, he proclaims that intelligence is not the property of the rich, and testifies to the notion that we can have many more geniuses by having the basic facilities and infrastructure in place. I would definitely want to bring the same technique to India and introduce a banking mechanism which is a boon to farmers,” Prakash elucidates.

Prakash sees IT playing a bigger role in the service of common man to uplift and upgrade their social class. “Technology-driven products like ItzCash can effectively deliver e-governance at the grass root level ensuring delivery of monetary benefits/ aid packages of the government, without bureaucratic intervention,” says Prakash.

His vision and dream is to put an ItzCash Card in every Indian’s pocket.