"There will be about four sources of income for the payments bank. One is the balances in the accounts. Second is the remittance business. The third revenue stream will be coming in from the Banking Correspondents and lending business. The fourth is the insurance cross-sell and other cross sales," Rishi Gupta, CEO of Fino Paytech told MediaNama in an interview. "The revenue pattern will change over a period of time," he added. Fino Paytech recently got the final license from Reserve Bank of India (RBI) to set up a payments bank, called Fino Payments Bank. Excerpts from MediaNama's interview with Gupta: What kind of bank accounts? Gupta: We will offer both saving accounts and current accounts. And our mission is to target the underserved market. Our target segment will be in the mass- market segment. So we will offer them banking solutions. It will…
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