Fino Payments Bank

Payments Bank Sector

“So Simple, So Smart”

Fino Payments Bank, launched in June 2017 and headquartered in Mumbai, Maharashtra, is a publicly listed payments bank that has carved out a unique niche in serving the mass-market and migrant worker segment of India. Fino Payments Bank is a subsidiary of Fino PayTech Limited, a financial technology company with over 15 years of experience in banking correspondents and financial inclusion. The bank is particularly known for its strength in the payroll banking and cash management segments, serving factory workers, daily wage earners, migrant laborers, and rural households across India. Fino Payments Bank operates a vast network of over 12 lakh banking points including bank mitras, merchant banking outlets, and branches, giving it deep rural reach in states like Bihar, Uttar Pradesh, Maharashtra, and West Bengal. The bank offers savings accounts, money transfers (IMPS, NEFT, UPI), Aadhaar-enabled payment services, FD products (in partnership with scheduled banks), insurance, micro-investment products, and merchant banking services. Fino's BPay app provides a seamless digital experience for customers and merchants. DICGC insured (for partner bank deposits) and RBI regulated, Fino Payments Bank is listed on BSE and NSE, making it the only listed payments bank in India. Its business model focuses on building a profitable, scalable payments and financial services platform targeting India's large unbanked working-class population.