SBM Bank India and PayNearby to offer ‘open banking’ to the masses

SBM Bank India and PayNearby to offer ‘open banking’ to the masses: SBM Bank (India), the first bank to receive banking licence in India through wholly owned subsidiary route has announced a tie up with PayNearby, India’s largest hyperlocal fintech start up. Both firms signed a Memorandum of Understanding to build an “open banking” network towards delivering basic banking solutions as well as advanced financial services, to their customers.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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