ICICI Bank to partner FINO PayTech for payments bank
Friday, 08 January 2016 - 11:16:00
The ICICI Group has about 16 per cent stake in the business correspondent
ICICI Bank will partner FINO PayTech to foray into the payments bank space, a top official said on Thursday.
“We have tied up with ICICI Bank as a partner bank for our payments bank foray. That discussion is already closed. We are now working to identify the areas where we will work together for building up avenues,” Mr. Rishi Gupta, managing director and chief executive officer of FINO PayTech, told The Hindu.
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.