Fino Payments Bank

Overview

Fino Payments Bank is BSE: 543386 + NSE: FINOPB + Indian payments bank + Fino Paytech parent ~75%+ controlling + ~14M+ Indian customers + ~12,000+ banking points network ^{1, India report}.

History

Aug 2015 — RBI grants in-principle Payments Bank licenses to 11 entities including Fino Paytech.

Jun 30 2017 — Fino Payments Bank launched as Indian payments bank distinctive Indian payments banking heritage.

Nov 12 2021 — Fino Payments Bank IPO on BSE + NSE under ticker FINOPB.

Ownership & operator

Operating entity: Fino Payments Bank Limited (Indian payments bank; BSE: 543386 + NSE: FINOPB).

Major shareholders: Fino Paytech Indian financial inclusion company ~75%+ controlling + Indian retail + institutional + foreign investors free float.

Regulators: RBI.

Technical integration

Fino BPay mobile app (iOS + Android; ~14M+ Indian customers) + finobank.com online + Fino Payments Bank ~12,000+ banking points network across India + Fino Payments Bank Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay + Aadhaar-Enabled Payment System AePS; max balance Rs 2 lakh per customer under Payments Bank framework.

Implementations & partners

Major Indian payments bank + payments competitors: Airtel Payments Bank (Airtel Payments Bank; India's #1 Payments Bank by customers + India's first Payments Bank; ~70M+ Indian customers) + Paytm Payments Bank (Paytm Payments Bank; Mar 15 2024 RBI operational shutdown for non-compliance) + India Post Payments Bank (IPPB) (India Post Payments Bank IPPB; ~90M+ IPPB customers + ~150,000+ India Post + Department of Posts retail outlets nationwide) + Jio Payments Bank (Jio Payments Bank; Reliance Jio + SBI JV Indian payments bank) + NSDL Payments Bank (NSDL Payments Bank; NSDL Indian depository payments bank) + PhonePe (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + Google Pay (Google Pay India; India's #2 UPI wallet by transactions) + Paytm (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet) + Amazon Pay (India) (Amazon Pay India; Indian wallet by Amazon).

Regulator: RBI.

Status

Active, BSE:543386 + NSE:FINOPB + Indian payments bank + Fino Paytech parent ~75%+ controlling + ~14M+ Indian customers + ~12,000+ banking points network ^{1, 2}.

Sources

• 1 Fino Payments Bank — official
• 2 Fino Payments Bank — Wikipedia
• ^{India report} In-corpus: reports/countries/IN-india.md

Source

Biography extracted from fino-payments-bank.md. See matrix.md for standards-support matrix if present.