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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. ....
Fino Payments Bank today announced that it has joined hands with Sequoia Capital-backed fintech Hubble to introduce India s first spending account. ....
Press Release Mayfield, a top-tier early stage investor, today announced that it has raised a total of $955 million across two venture capital funds to continue its focus on being a champion of entrepreneurs.The $580 million Mayfield XVII and the $375 million Mayfield… ....
Mumbai (Maharashtra) [India], March 21 (ANI/PNN): Fino Payments Bank ("Fino Bank", "The Bank") is actively pursuing to capitalize on the opportunities arising out of increasing digitalization of India's economy. The profitable payments bank and the only listed entity in its space, is focusing on digital-led growth as part of its Fino2.0 journey. For Fino Bank fully digital means engaging with a new set of digitally savvy and aspirational customers, the young millennials. Towards this objective, the Bank strengthened its direct-to-customer (D2C) channel, mobile banking app "FinoPay", with improved user interface and new service offerings. The most significant initiative being the digital savings account service launched in December 2022, which is getting encouraging response. Terming creation of a digital ecosystem as critical for the bank's growth Tejas Maniar, Chief Digital Officer, Fino Payments Bank said, "Our D2C strategy aims to acquire t ....