Fino Payments Bank strengthens digital offerings with mobile banking
21 Sep, 2017, Mumbai: In India’s digital adoption journey, Fino Payments Bank is quietly developing an ecosystem to bridge the divide between India and Bharat. Following the start of bank operations in July 2017 with 410 branches and 25000 access points, Fino Payments Bank today launched BPay, a mobile banking app to bring convenient banking closer to millions of under banked people.
It may be noted thatFino launched BPay wallet in December 2016. The upgraded BPay app, available onAndroid, is now much more than just a wallet. The mobile banking app enablessimple, paperless and convenient banking that allows customers to make billpayments, recharges, fund transfers and buy insurance either through wallet orbank account.
An interestingfeature of the mobile app is that it allows customers to seamlessly accesswallet as well as savings account, with a single login and interface.
Announcing the launch of the mobile banking app, Mr.Rishi Gupta, MD & CEO, Fino Payments Bank said, “Over a decade agowe pioneered digital banking in rural India through biometric solutions. Goingforward we believe rural India or Bharat, where mobile internet usage isgrowing at 26% year-on-year, will drive mobile banking adoption. BPay app willplay a critical role in our endeavour to bring banking closer to 50 millioncustomers in 5 years, largely driven by tech savvy rural youth.”
“BPay is anextension of our phygital strategy, wherein customers have the options tochoose the medium of engagement with us. They can come to our branches, bankingpoints, get doorstep banking or simply do mobile banking by downloading BPayapp,” added Mr. Gupta.
In addition tosingle login access that allows anytime, anywhere payments and banking, peoplecan even open Fino bank account from BPay mobile app without the need to stepinside a branch or calling a representative. Going forward, Fino Payments Bankplans to add more customer centric offerings and services to the mobile bankingapp.