Are payment banks really worth the hype

15/02/2019 Financial & Legal Services

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The most recent couple of years have seen digitalization make up for lost time with the world at an inconceivable pace. With the demonetization of 2016, the money moved from the deep-rooted physical shape to an increasingly computerized model. Are payment banks really worth the hype with all these huge developments going on, the pattern of Payment banks started too, to incorporate computerized monetary forms into our day by day lives?

A payment bank deals with all the fundamental saving money needs, much the same as a customary bank, less the offices of broadening credit or advances. Are payment banks really worth the hype while superficially it appears as though another financial balance to keep up, it's significantly centered around the possibility of a cashless economy that is being upheld and advanced these days? They brag of highlights, for example.

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