ICICI Group may hike stake in licensed payment bank FINO PayTech
Tuesday, 15 December 2015 - 13:45:40
Publication : Economic Times
MUMBAI: Newly-licensed payment bank FINO PayTech will raise fresh funds from domestic institutional investors as it prepares to face competition from nimble rivals such as Paytm and reduce foreign shareholding in the company to comply with RBI regulations.
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.