Fino Payments Bank strengthens digital offerings with mobile banking
It may be noted that Fino launched BPay wallet in December 2016.
The upgraded BPay app, available on Android, is now much more than just a wallet.
The mobile banking app enables simple, paperless and convenient banking that allows customers to make bill payments, recharges, fund transfers and buy insurance either through wallet or bank account.
An interesting feature of the mobile app is that it allows customers to seamlessly access wallet as well as savings account, with a single login and interface.
Announcing the launch of the mobile banking app, Rishi Gupta, MD & CEO, Fino Payments Bank said, “Over a decade ago we pioneered digital banking in rural India through biometric solutions. Going forward we believe rural India or Bharat, where mobile internet usage is growing at 26% year-on-year, will drive mobile banking adoption. BPay app will play a critical role in our endeavour to bring banking closer to 50 million customers in 5 years, largely driven by tech savvy rural youth.”
“BPay is an extension of our phygital strategy, wherein customers have the options to choose the medium of engagement with us. They can come to our branches, banking points, get doorstep banking or simply do mobile banking by downloading BPay app,” added Gupta.
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