Fino Payments Bank to expand branchless network across Tamilnadu
Growing demand for banking in industrial areas and IT hubs as more youngsters join workforce Chennai, 10 January 2024: Fino Payments Bank (“Fino Bank”, “Bank”), the only listed entity in its space and a pioneer in financial inclusion through branchless banking, is set to expand its network deeper across the state of Tamilnadu, including Chennai, South India’s largest commercial and industrial hub. (L to R) SK Vali, Zonal Manager (South); Shailesh Pandey, Chief Sales Officer; Atul Trivedi, Senior Divisional Head (South & East) Fino Bank’s branchless network comprises of telecom shops, general provision stores and other small businesses in the neighbourhood that are easy for customers to access. They provide banking services using micro ATM (MATM) and Aadhaar enabled payment system (AePS) devices. Currently, Fino Bank has around 35000 such tech-enabled shops known as merchant points across all 38 districts of Tamilnadu. The network includes around...