InvestorQ : How many companies had applied for the payment banks license? Of these how many got payment bank license?
Anjali Desai made post

How many companies had applied for the payment banks license? Of these how many got payment bank license?

Answer
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1 year ago


There were total 41 applicants that had applied for payment banks license in 2015.

These applicants were:
1. A Little World Private Limited, Belapur
2. Aditya Birla Nuvo Limited, Mumbai
3. Airtel M Commerce Services Limited, New Delhi
4. Calibre Financial Services Limited, Chennai
5. Cholamandalam Distribution Services Limited, Chennai
6. Citrus Payment Solutions Private Limited, Mumbai
7. Concept Technosoft Ventures Limited, New Delhi
8. Department of Posts, New Delhi
9. Eko India Financial Service Private Limited, New Delhi
10. FINO PayTech Limited, Navi Mumbai
11. Fx Mart Private Limited, Zirakpur, Mohali
12. GI Technology Private Limited, Chennai
13. Instant Global Money Transfer Private Limited, Hoshiarpur
14. Itz Cash Card Limited, Mumbai
15. Kalpataru Corporation, Mumbai
16. KKM Management Centre Private Limited, New Delhi
17. My Mobile Payments Limited, Mumbai
18. National Securities Depository Limited, Mumbai
19. Novopay Solutions Private Limited, Bengaluru
20. NSE Strategic Investment Corporation Limited, Mumbai
21. One MobiKwik Systems Private Limited, Gurgaon
22. Oxigen Services (India) Private Limited, New Delhi
23. Pay Point India Network Private Limited, Mumbai
24. Reliance Industries Limited, Mumbai
25. Resource Square Solutions Private Limited, Chennai
26. Shri Dilip Shantilal Shanghvi, Mumbai
27. Shri Kishore Laxminarayan Biyani, Mumbai
28. Shri M.G. George Muthoot & others, Kochi
29. Shri Nijay Kumar Gupta, Mumbai
30. Shri Rajib Saha, Gurgaon
31. Shri Renuka Mata MultiState Co-operative Urban Credit Society Ltd., Ahmednagar
32. Shri Vijay Shekhar Sharma, Noida
33. Smart Payment Solutions Pvt. Ltd., New Delhi
34. Suvidhaa Infoserve Private Limited, Mumbai
35. Tech Mahindra Limited, Mumbai
36. V. K. Fiscal Services Pvt. Ltd., New Delhi
37. Vakrangee Limited, Mumbai
38. Videocon d2h Limited, Mumbai
39. Vodafone m-pesa Limited, Mumbai
40. Weizmann Forex Limited, Mumbai
41. YouFirst Money Express Private Limited, Mumbai

These applicants were examined for their financial track record and governance issues post which the RBI gave in-principle nod to 11 entities to launch their payment banks.

These 11 applicants were:
1. Aditya Birla Nuvo Limited
2. Airtel M Commerce Services Limited
3. Cholamandalam Distribution Services Limited
4. India Department of Posts
5. Fino PayTech Limited
6. National Securities Depository Limited
7. Reliance Industries Limited
8. Shri Dilip Shantilal Shanghvi
9. Shri Vijay Shekhar Sharma
10. Tech Mahindra Limited
11. Vodafone m-pesa Limited