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outlets spread Fino’s digital banking in Rajasthan

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21 Apr 18
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outlets spread Fino’s digital banking in Rajasthan Udaipur, Towards making banking for all a reality under the national agenda of financial inclusion, Fino Payments Bank is spreading the reach of digital banking in the state through its association with Government of Rajasthan’s eMitra initiative and Bharat Petroleum (BPCL), its largest investor.
It may be noted that in December 2017, Fino had announced a tie-up where Raj Comp became the bank’s corporate business correspondent (BC). Under the agreement, all the 55000 eMitra outlets of Raj Comp across 33 districts will act as Fino’s banking outlets.
The reach of eMitra and BPCL outlets across the state of Rajasthan will help Fino Payments Bank achieve its objective of providing anywhere, anytime banking to its customers. Further, Fino’s biometric and Aadhar-enabled digital banking platform is completely paperless, simple and convenient for customers.
Stating that adoption of digital banking to be beneficial for masses, Mr. Rishi Gupta, MD & CEO, Fino Payments Bank said, “The customers we service cannot afford to lose time and income. Given the complexities involved in traditional banking, we believe technology led banking to be a great boon for them as it removes the barriers of access and availability of financial services. Today, our digitally enabled branches and banking points such as eMitra and BPCL outlets are closer to where customers stay or work and are also open for longer hours. Further, customers can also avail of doorstep banking where in Fino representative visits the customer to complete transactions.”
Fino Payments Bank’s customer segment largely comprises of small business owners such as kirana shops, dairy farmers, vegetable vendors and low income households, whose monthly income is between Rs 10,000 to Rs 40,000. Keeping in mind the requirements of this segment of customers, Fino developed relevant products in association with partners.
“Fino has tied up with ICICI Prudential as well as Exide Life to offer life insurance and ICICI Lombard for health insurance. We are working with multiple banks to facilitate gold loans on their behalf,” added Mr. Gupta
Customers can avail of all the services of Fino Payments Bank at its branches, merchant points, eMitra as well as BPCL outlets. From 4 minute account opening, receiving instant Rupay card, saving and withdrawing money, remitting money, paying utility bills, buying health and life insurance, and putting in a request for gold loans. Banking was never this easy!
About Fino Payments Bank
Fino Payments Bank is the 4th payments bank to be launched in the country. The new age bank has nationwide digitally enabled distribution network of over 400 branches and close to 30000 banking points, including BPCL outlets. These access points provide utmost convenience and unmatched paperless banking experience right from eKYC-based accounting opening to allowing customers do banking/ payments transactions anywhere, anytime and through any platform – digital/mobile or physical touch points. A revolutionary experience for the huge masses across India! (www.finobank.com)


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