Fino Payments Bank has acquired a 12.19 percent stake in PaySprint Private Limited. The strategic investment is the first by Fino since its public listing and will support the bank’s digital initiatives.
PaySprint offers next-generation APIs for banking, payments, travel, lending, insurance, investment, and other sectors. The platform helps payment service providers offer seamless services to customers by providing a Unified Open API Platform in a plug-and-play model.
PaySprint recorded an annual GMV of Rs 5,500 crore for the financial year 2021-22. It has partnered with over 600 banks, NBFCs, MSMEs, fintech, and other startups.