Fino Payments Bank launches operations
The Economic Times:
Fino Payments Bank launches operations
Fino Payments Bank launched operations with 410 branches going live across 14 states. Fino joins the rest of the telecom companies like Airtel and payments startup Paytm Payments Bank who have also launched banking operations as per norms set out by the Reserve Bank of India
MINT:
FINO Pay Tech applies for final licence of payments bank
Fino Payments Bank started operations on Monday with 410 branches, becoming the fourth payments bank in India after Airtel Payments Bank, India Post Payments Bank and Paytm Payments Bank. Fino, which was a remittance service provider has converted most of its Fino Money Mart outlets into bank branche
BloombergQuint:
India Gets Its Fourth Payments Bank
Fino Payments Bank, on Monday, became the fourth payments bank to start operations after Airtel, Paytm and India Post. The payments bank aims to add 3-4 million customers within the first year of operations and increase its base to 50 million over the next five years with a deposit base of Rs 10,000 crore, Managing Director and Chief Executive Officer Rishi Gupta told BloombergQuint
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.