Fino Paytech to launch payments bank operations from April

FINO Paytech to start payments bank operations from April
FINO Paytech to start operations in April

Fino Paytech may launch its payments banking services from 1 April 2017 at select BPCL outlets in rural areas.

For buying or selling shares of Fino Paytech or any other companies, please click on buysellunlistedshares.com/buysell/

Bharat Petroleum Corporation (BPCL) had in July 2016, signed a definitive agreement to buy a 21% stake in Fino Paytech for Rs 251 crore in an all-cash deal.

The partnership with BPCL is to leverage its infrastructure and facilitate transactions with BPCL customers at both petrol pumps and LPG dealerships either through a wallet or the bank.

Given BPCL doesn’t have a prepaid payments instruments licence, Fino has built a wallet, BPay. While one can make utility payments to most services providers using BPay, it only allows payment for fuel at BPCL outlets.

Fino Paytech is touted to be the biggest beneficiary of Demonetisation
https://buysellunlistedshares.com/2016/11/21/fino-paytech-demonetisation/

Advertisements

Published by

BuySellUnlistedShares

I am oldest dealer in unlisted/ delisted shares. I track stock market and provide timely updates to maximise wealth through highly profitable investment avenues.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s