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About FINO PayTech Limited

FINO PayTech Limited was founded in 2006 with Mumbai as its headquarters. Since its inception it has emerged as an inventor, innovator and implementer of integrated micro payments technology solutions. The solutions help institutions like banks, microfinance institutions, government entities and insurance companies enable financial inclusion environment for the micro customers. FINO PayTech is owned by international and Indian private and public sector investors and is an institutional investor driven company.


As part of its payments technology solutions, FINO PayTech also offers extensive services delivery channel and is the market leader in delivering products and services to first and last mile. It has a comprehensive product suite ranging from savings bank accounts, loan products, recurring deposits, remittances, insurance products, government disbursements etc.


The advantage of FINO PayTech solutions is that of a complete package - end to end technology and Business Correspondent services. These solutions enable seamless delivery at scale through secure transaction mechanisms that reinforce trust and enhance user experience. FINO PayTech has an employee base of over 3000 employees and a huge network of business correspondents.


FINO PayTech's payment solutions help service over 28 million active banking customers through 28000 transactions points across 28 states. FINO PayTech caters to the industry needs across market segments by undertaking complete electronic payment platform projects. FINO PayTech solutions are anchored around using biometric smart card and hand‐held devices known as POT (point of transaction) machines for field operations and biometric authentication.



FINO started lending business in 2010 and provides micro credit through two approaches - on behalf of banks through BC lending and directly to borrowers through its own RBI registered NBFC-MFI, Intrepid Finance & Leasing Pvt Ltd.


UBI and IDBI Bank are partner banks for BC lending, while Intrepid sources funds from multiple players such as SBI, Yes Bank, IDBI, Dena Bank, Reliance Capital, MAS Financial and IFMR.



FINO PayTech entered retail financial services space over a two years ago with FINO Money brand. The retail initiative was started with the objective of engaging directly with the target customers - low income households. It may be noted that as a corporate BC, FINO works on behalf of banks and services banks' customers.


The retail network of company is present across 14 states of the country through 10,000 merchant points and over 400 company owned outlets known as FINO Money Marts. The neighbourhood located retail channel offers products and services suited to the needs of the target customers.


At these net enabled neighborhood stores customers can undertake financial transactions such as domestic remittance, international remittance cash out, micro insurance, micro credit and other value added services such as travel ticketing, online shopping through Snapdeal, utility bill payments, DTH/mobile recharges, insurance premium payment and EMI deposits.


Assisted e-commerce model is an innovation under FINO Money which started off with Snapdeal – other partners include Yatra, Bill Desk and more online partners are expected to join. The service is especially targeted at the segment which does not have an easy access to internet, while having challenges of internet banking and delivery address on the other.


Payments bank
In August 2015, FINO PayTech received in-principle approval for setting up a payments bank from RBI.


Awards & Recognition

Poised to bigger growth FINO PayTech has been awarded at various national & international industry platforms like YGL – World Economic Forum, Sankalp 2011, Skoch Financial Inclusion 2011, 14th Asia Insurance Industry "Best Technology Initiative 2010" Award & 2010 Financial Times Sustainable Banking award in category "Achievement in Banking at Base of the Pyramid".


FINO PayTech has received numerous awards including the Manthan 2010, eINDIA2010 – "Best Financial Inclusion Initiative" Award, INTEL, Duet Award, Frost & Sullivan South Asia Product Line Strategy Award and Excellence in Innovation Award in Indira International Innovation Summit. FINO PayTech has also been honoured by Edge Network for using Information Technology in maximizing business impact. Well known publication Forbes India honored FINO PayTech as the "Outstanding Start Up of the Year" Award at the recent Forbes India Leadership Awards 2012 for setting up the largest BC network to provide banking services to the unbanked and unserved.