A Payments Banks is an innovative model of financial service provider.  Conceived in India to help advance financial inclusion further, the Reserve Bank of India (RBI) embarked upon Payments Banks in 2014. The Telco-Carrier industry, more than any other industry, understood the potential as 5 of the initial 11 provisional licenses by the RBI went to telco-carriers (after telco-industry consolidation, 3 telco-carrier Payments Banks are in market. 

Close Menu