However, three players were quick to drop out because there were apprehensions that the road to profitability would be too long, said industry players.
After eight years, three of six operational payments banks-Fino Payments Bank, Airtel Payments Bank and India Post Payments Bank-have turned profitable.
Profitability drivers
Fino Payments Bank, which reported a 52% year-on-year rise in its FY23 net profit at ₹65.1 crore, says it is slowly transitioning from a transaction business to a customer ownership business, which is enhancing its margins and profitability.
Bu hikaye Financial Express Mumbai dergisinin May 29, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin May 29, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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