Fino Payments Bank is planning to reach out to a majority of the villages in the State by expanding its ‘human ATM’ network on a large scale. The bank plans to set up 20,000 Fino Banking Points across the State by the end of the current fiscal, Fino Payments Bank (South) senior divisional head Biswajeet Sinha told the media during a video conference on Thursday. The Fino banking points provide entrepreneurship opportunities to the owners of kirana stores, mobile repair shops, dairy outlets and others as they act as 'human ATMs' and provide banking services to the customers, he said. “We are planning to have our presence felt in every village of the State which has over 17,000 panchayats,” he said. In view of the pandemic, Fino has undertaken initiatives that proved beneficial for the rural masses with extensive banking equipped with micro ATMs and Aadhaar enabled payment system (AePS) devices, Mr. Sinha said. “We focus on three critical elements, including improvement of access...
Pre IPO | Private Equity | Unlisted Shares