Making banking for all a reality under financial agenda in financial inclusion, Fino Payments Bank is Spreading the reach of digital banking in the state rough its association with Government of Rajasthan’s e- Mitra initiative and Bharat Petroleum it may be noted that in December 2017, Fino had announced a tie-up where Raj Comp became he bank’s corporate business correspondent (BC).
Under the agreement, the 55000 eMitra utlets of Raj Comp across 33 districts act Fino’s banking outlets.
The reach of E-Mitra and BPCL outlets across the state of Rajasthan help Fino Payments achieve its objective of providing anywhere, anytime banking to its customers.
Further, nc’s biometric and Aadhar enabled digital banking platform is completely paperless, simple tating that adoption of digital banking to be beneficial for masses.
While adressing a press Confrence at Udaipur on Saturday Rishi Gupta, MD & EO, Fino Payments Bank said’ “The service cannot afford to lose time and income. Given the complexities involved in traditional banking, we believe technology Ned banking to be a great boon for them as it removes the barriers of access and of financial services.
Today, our digitally enabled branches and banking points such as eMitra and BPCL outlets are closer to where customers stay or work and are also open for longer hours.
Further, customers can also avail of doorstep banking where in Fino representative visits the customer to complete transactions.”
Fino Payments Bank’s customer segment largely comprises of small business owners such a kirana shops, dairy farmers, vegetable vendors and low income households, whose monthl\ income is between Rs 10,000 to Rs 40,000. Keeping in mind the requirements of this segme of customers, Fino developed relevant products in association with partners.
“Fino has tied up with ICICI Prudential as well as Exide Life to offer life insurance and ICI Lombard for health insurance. We are working with multiple banks to facilitate gold loans their behalf,” added Gupta.
Customers can avail of all the services of Fino Payments Bank at its branches, merchant poin eMitra as well as BPCL outlets. From 4 minute account opening, receiving instant Rupay ca saving and withdrawing money, remitting money, paying utility bills, buying health and life insurance, and putting in a request for gold loans. Banking was never this easily.
Fino Payments Bank is the 4 , payments bank to be launched in the country. The new age b has nationwide digitally enabled distribution network of over 400 branches and close to banking points, including BPCL outlets.
These access points provide utmost convenience unmatched paperless banking experience right from eKYC-based accounting allowing customers do banking/ payments transactions anywhere, anytime and platform – digital/mobile or physical touch points. A revolutionary experience for India,Rishi added.