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Payments banks are bleeding. Fino, Paytm, et al. have a survival tactic: play to your strengths

Payments banks in India are adopting various ways, from using their existing network reach to cross-selling to micro-ATMs, to keep their heads above water. First of a two-part series runs a status check on the four players in operation.
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artisingh
19 Sep 2019 13 Mins Read 1 comments
Courtesy of BCCL, Getty Images, and Arti Singh
Courtesy of BCCL, Getty Images, and Arti Singh
In August 2015, when the Reserve Bank of India (RBI) gave an in-principal nod to 11 payments banks, it was seen as a treasure trove of new financial products that can take financial inclusion in the country to a new high. Four years on, encumbered by limited avenues, revenues, and regulatory restrictions, the payments bank ecosystem is already making
bank as a transformative model for financial inclusion, others are planning to line up for small finance bank licence to tap into the lending opportunity, which is missing right now. Will the small finance bank model shape up the payments-bank ecosystem? Find out in the second part of this series. ( Graphics by Abdul Shafiq and Mohammad Arshad)
In August 2015, when the Reserve Bank of India (RBI) gave an in-principal nod to 11 payments banks, it was seen as a treasure trove of new financial products that can take financial inclusion in the country to a new high. Four years on, encumbered by limited avenues, revenues, and regulatory restrictions, the payments bank ecosystem is already making bank as a transformative model for financial inclusion, others are planning to line up for small finance bank licence to tap into the lending opportunity, which is missing right now. Will the small finance bank model shape up the payments-bank ecosystem? Find out in the second part of this series. ( Graphics by Abdul Shafiq and Mohammad Arshad)

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