What we do Fino Payments Bank Limited is a digital payments bank focused on financial inclusion, serving rural and underserved populations in India with payment and banking solutions. |
Founded in 2,007 |
Market share Leading payments bank in India; first to become profitable, a Scheduled Bank, and list on stock exchanges. |
Problem solved Bridges financial gaps for rural, poor, and underserved populations by offering accessible and digital financial services. |
Top clients or who we serve Primarily serves rural, underbanked customers, merchants, MSMEs, and digital users across India (B2C and B2B). |
Key management Rishi Gupta (MD & CEO) with strong leadership in fintech and banking sectors. |
Our journey and innovations Incorporated in 2007; became payments bank in 2017; first IPO of a payments bank in 2021; expanded digital and merchant network substantially. |
Where we operate Pan-India presence covering 97% of India's pincodes with 20.6 lakh merchant network and 1.7 crore active CASA accounts. |
Top products or what we offer Digital payments, savings accounts, current accounts, lending products, UPI services, cash management, and merchant banking services. |
Top brands FinoPay (digital banking app), CMS (Cash Management Services), UPI Switch (proprietary platform) with broad digital outreach. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is primarily recurring, driven by fee and commission from subscriptions, transactions, and lending services. |
Our industry position Market leader among payments banks with sustained profitability, digital innovation, and expanding financial inclusion footprint. |
Financial highlights FY2025 Revenue: ₹1847 Cr; Net Profit: ₹92.5 Cr; strong ROE at 15.4%; consistent EBITDA and profit growth. |
Geographical revenue split - |
Order book - |
Whats driving growth Rapid digital adoption, expanding merchant and customer base, fintech partnerships, new product innovations, and licensing for Small Finance Bank. |
Our future plans Transition to Small Finance Bank, expand secured lending, enhance digital platform capabilities, and grow deposits and revenue streams. |
Our green promise Initiatives include paperless banking, energy-efficient infrastructure, digital documentation, and sustainable operational practices. |
Our people and values Focused on employee engagement, strong corporate governance, diversity, and leadership development under robust compensation policies. |
Key challenges ahead Regulatory approvals for SFB transition, competitive pressure in payments, technology security risks, and scaling secured lending portfolio. |
Interesting facts First payments bank to be profitable, Scheduled Bank, listed on stock exchanges and receive RBI in-principle approval for Small Finance Bank conversion. |
Risks and strategy Mitigates operational, market, IT, reputational, and compliance risks with robust governance, technology safeguards, and risk committees. |
