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.
ICICI Securities Report
Fino Payments Bank Ltd. is uniquely positioned to capture growing opportunities in rural India, led by deep-rural products like micro ATM (~51% market share as on August 2021) and Aadhaar-enabled payment system, tailor-made current account and savings account for under-served population, and payment app called 'FinoPay' targeting rural population.
Further on business-to-business-consumer side, it offers cash management system service (110 partners) and distribution of gold / business loans.
Diversified revenue stream, merchant-led asset-light distribution model and deep rural network with operational presence in over 90% districts are key features of its unique business model and also the primary reason behind Fino Payments Bank turning profitable within 12 quarters.
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