Fino Payments Bank IPO - Huge Opportunity From Digital Payments; Valuations Appear Pricey: Reliance Securities

Fino Payments Bank IPO - Huge Opportunity From Digital Payments; Valuations Appear Pricey: Reliance Securities

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities' IPO Report

Fino Payments Bank Ltd., incorporated in 2017, is a growing fintech company, offering a wide portfolio of digital financial products and services in India.

The company has a pan-India distribution network and its major products and services include:

  1. current accounts and savings accounts,

  2. issuance of debit card and related transactions,

  3. facilitating domestic remittances,

  4. open banking functionality (through their application programming interface),

  5. withdrawing and depositing cash (via microATM or Aadhaar Enabled Payment System, and

  6. cash management services.

Fino Payments Bank’s merchants facilitate it in cross-selling other financial products and services such as third-party gold loans, insurance, bill payments and recharges.

Click on the attachment to read the full IPO report:

Reliance Securities Fino Payments Bank IPO.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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