Fino Payments Bank’s board has approved a minority strategic investment by the Bank in New Delhi based Paysprint (Paysprint or fintech). The Bank will be investing upto 12.19% in the fintech by way of subscription to its shares. The strategic investment is a first for Fino Payments Bank after its public listing. This is in continuation to several in-house initiatives by the Bank that are already underway towards building a digital ecosystem for its customers as part of its Fino 2.0 journey.
Paysprint, a profitable fintech, is a rapidly growing financial technology company offering next generation APIs in the areas of banking, payments, travel, lending, insurance, investment and more. It is helping payments service providers to offer seamless services to customers by providing Unified Open API Platform through fast and wholesome integration and a plug and play model.
Fino Payments Bank is a scheduled commercial bank serving the emerging India market with its digital based financial services.
