Itzcash

Once it bags payments bank license, Itzcash looks to raise Rs 500-600 cr

The Reserve Bank of India had stipulated that a payments bank requires minimum paid-up equity capital of Rs 100 crore and Goel's commitment helps the company meet this requirement.

Mobikwik, other mobile wallets bank on payments bank license

MobiKwik’s vision is to reach 100 million mobile Indians with a low cost payment and banking solution by 2016.