The Reserve Bank of India has released the list of 41 applicants for payments bank licence. A segmentation of the companies that have applied: (company names that are underlined already have a Prepaid Payment Instruments license from the Reserve Bank of India) Telecom companies - Airtel Money via Airtel M Commerce Services Limited (AMSL): Airtel has formed a JV with Kotak Bank. - Idea Cellular: through its promoter group and largest shareholder Aditya Birla Nuvo Limited. - Reliance Industries Limited (RIL): applied jointly with State Bank of India (SBI), which will have 30% stake in the company. Airtel and SBI had formed a joint venture for financial inclusion but the partnership eventually fell through after the RBI expressed its apprehensions. - Vodafone: has applied through its subsidiary Vodafone M-Pesa Limited. Mobile payments solutions - Novopay Solutions: A Khosla Labs incubated mobile payments solution provider, which offers Android-based mobile payment solutions to Kirana stores. It also uses Aadhaar-based biometric scanners to allow consumers conduct banking transactions, money transfer and mobile payments among others. - Paytm: applied via founder Vijay Shekhar Sharma - FINO PayTech, an alternate banking channel provider, which is a business correspondent for banks. Had launched Takatak Money to offer money transfers, utility bill payments, mobile & DTH recharges. It had acquired Nokia Money in 2012. - Money on Mobile: My Mobile Payments Limited, a subsidiary of Calpian, which claims 121 M users and reported Rs 122 crore of transactions in December 2012. - Mobikwik: One MobiKwik Systems Private Limited, which is a sister…
