Transforming into a payments bank
Tuesday, 31 January 2017 - 19:26:00
Incubated by ICICI Bank, FinoPaytech is a payments technology company that pioneered biometrics smart card solutions that helped banks, MFIs and other financial institutions identify customers and facilitate financial transactions in remote rural areas. By Q4 2016-17, the company expects to transform into a payments bank.
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.