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Payments Banks’ Quest for Profits Starts with Monetising Customer Data

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The yet-to-launch payment banks need to monetise the data on customers at the bottom of the pyramid, said panelists at the Techcircle Payments Forum held in Mumbai. In a discussion on ‘Emergence of New Payment Banks: How can traditional businesses respond?’, senior executives from traditional banks, fin-tech companies and financial institutions agreed that payments banks will have to come up with innovative ways to generate revenue while solving the pain points of financial inclusion. The discussion was moderated by Amit Soni, principal, General Atlantic, the leading private equity firm.

For more on this story visit the following link: Payments Banks’ Quest for Profits Starts with Monetising Customer Data

Source: TechCircle

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