‘From Service provider to Payment Bank’ – Banking Frontier

Summary:

The feature is about Pay Point India’s current scenario, their growth and vision from being an online payment service provider to now applying for Payment Banking License. The article elaborates about Pay Point India customer service points and how it has brought convenience to its customers placed in remote areas. Mr. Doshi has also quoted regarding Tatkal Rupiya, the IMPS enabled remittance service and the banking mandates with YES Bank and State Bank of India.

The story emphasises about Pay Point India’s reach in north-eastern regions of India. Mr. Doshi elaborated on the company’s plan to expand its reach pan-India.

In the last segment of Mobile Banking, Mr. Ketan Doshi has spelled out the company’s focus on mobile banking. He has expressed the company’s aspirations of becoming a universal bank in the company five to six years once the payment banking is awarded.

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About  Banking Frontier :  Circulation is 7500 copies of which 6000 goes to BFSI vertical, 800 to SAARC countries and 700 to IT solution providers. In order to have an international reach and online presence the magazine is also hosted as Ezine. Total Readership of the magazine is 22500.

Readership Profile by sector: Banking sector : 60 %. (In the banking sector BF cover 97 banks which include scheduled banks including Private/Public sector, MNC banks and 2000 SMEs which include UCCBs, DCCBs, RRBs.) Insurance Sector : 20 %. NBFC : 15 %. IT sector :5 %.

Website URL : Banking Frontier