Who All Are in the Race?

Consumer Voice - - Payment Banks -

In re­sponse to RBI’s call for ap­pli­ca­tions for pay­ment bank li­censes, 41 en­ti­ties had ap­plied. On 19 Au­gust 2015, RBI gave in-prin­ci­ple li­censes to 11 en­ti­ties to launch pay­ments banks: 1) Aditya Birla Nuvo, 2) Air­tel M Commerce Ser­vices, 3) Cho­la­man­dalam Dis­tri­bu­tion Ser­vices, 4) Depart­ment of Post, 5) FINO PayTech, 6) Na­tional Se­cu­ri­ties De­pos­i­tory, 7) Reliance In­dus­tries, 8) Dilip Shanghvi (founder of Sun Phar­ma­ceu­ti­cals), 9) Vi­jay Shekhar Sharma (CEO of Paytm), 10) Tech Mahin­dra, and 11) Voda­fone M-Pesa.

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