Fino Payments Bank IPO - Play On Bharat Digitisation: ICICI Direct
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ICICI Direct's IPO Report
Fino Payments Bank Ltd. is a fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus.
The bank commenced its business operations in June 2017 post Reserve Bank of India’s approval to carry out business as payments bank.
Key products of the bank include current accounts and savings account account, debit cards, domestic remittances, micro-ATM facility among others.
As of June 2021, the bank has 724671 merchants and 17430 business correspondents. Fino Payments Bank has an operational presence in 90% of districts.
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