Fino Payments Bank said its board had approved a proposal by the bank to acquire up to 12.19% of the shares in New Delhi-based Paysprint Private Ltd. to invest by subscribing to their shares.
Paysprint, a profitable fintech, is a growing financial technology company providing banking, payments, travel, lending, insurance and investing services.
Rishi Gupta, MD & CEO, Fino Payments Bank said: “Fino’s journey as a group has closed. We were formed to provide BC banking services through one technology platform to various financial institutions across the country.”
“As we continue our journey as a payments bank today, we are now partnering with new-age tech companies that will transform the field of digital banking in the coming days,” he added.
