Business model

Fino Payments Bank – Unique Business Model; Niche Position in Rural India: ICICI Securities Launches Coverage

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Fino Payments Bank Ltd. is uniquely positioned to seize the growing opportunities in rural India, including through products for deep rural areas such as micro ATMs (around 51% market share as of August 2021) and the Aadhaar compatible payment system, a current account and tailor-made savings. account for the underserved population and a payment application called ‘FinoPay’ targeting the rural population.

Further from the business-to-business-consumer side, it offers a cash management system service (110 partners) and the distribution of gold / loans to companies.

Diversified income streams, a light asset distribution model led by traders and a deep rural network with an operational presence in over 90% of the districts are the main features of its unique business model and also the main reason why Fino Payments Bank became profitable in 12 quarters.

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