Interest rate over 7 per cent unsustainable: Fino Paytech
Monday, 16 January 2017 - 16:33:42
Mumbai: The high interest rate of over 7 per cent because of competition is unsustainable, Fino Paytech has said, stating clearly that it will not join the interest rate war for customer acquisition but focus on profitability once it launches its payments bank.
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FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.