Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank s exit. To capitalise on this, they re ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal year. Since December, Fino has deployed around 14,000 QR codes which reported 300,000 transactions valued at Rs 33 crore.
Happy Monday! Investors in new-age startups are set for huge gains as these firms list on the public markets. This and more in todays ETtech Morning Dispatch.
Serving as a secondary account option to the already banked makes for a 100-million user opportunity, says CEO Anubrata Biswas.Several people typically opt for a second digital bank account for routine transactions to avoid exposing their primary accounts to potential UPI frauds