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Business EconomyPosted at: Sep 25 2019 4:27PM


Fino Payments Bank's Gully Gully Fino initiative to expand network in Goa

Panaji, Sep 25 (UNI) Mumbai-based Fino Payments Bank has launched Gully Gully Fino initiative to expand its network in the coastal state.
Addressing a press conference in the city, Himanshu Mishra, Senior Divisional Head (Central and West), Fino Payments Bank, said,'' Goa is an important geography for us as there is immense scope to improve banking service access to those who cannot afford to spend long hours at a bank. To bring simple and convenient banking closer to such people, we have created a strong network of neighbourhood shops as our banking partners or merchant points. These points with Fino Micro ATM devices make banking simple.''
''We have initiated Gully Gully Fino approach to penetrate deeper into the state, including Panaji, Mapusa, Anjuna, Baga, Ponda and other places to enhance banking access. Through this initiative we plan to expand our network in Goa to 1100 merchant points which include Bharat Petroleum Corporation Limited (BPCL) outlets by March 2020,'' he said.
One of the huge advantage of the points was that they were open for late hours and any bank's customers could bank at their convenience without loss of business and time, even on holidays, he said.
''All one needs is Aadhaar authentication and the transaction is complete. Most importantly, for withdrawals cash is always available at these points unlike some ATMs that run dry,'' he added.
Fino Payments Bank has one branch and around 155 banking partners or merchant points in Goa. These points are the neighbourhood small business stores such as 'kirana', mobile repair, beauty salon and stationary shop where customers frequent.
Mr Mishra said Fino services mass market customers who earn between Rs one lakh to Rs six lakh annually such as dairy farmers, vegetable vendors, small business owners, self-employed etc.
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Tags: #Fino Payments Bank's Gully Gully Fino initiative to expand network in Goa
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