Companies

Future Group ready to enter payment banking

Purvita Chatterjee Mumbai | Updated on December 03, 2014 Published on December 03, 2014

Kishore Biyani, Group CEO, Future Group is getting ready to enter the business of payment banking.

“We are applying for a licence to get into payment banking as it is an underserved market and are hoping to qualify for it. The business of payment banking is tailor-made for us and we have done an internal survey to see how we can operate in this space with a business plan,’’ said Biyani, on the sidelines of launching a co-branded credit card with the largest public sector bank, SBI.

The largest retailer is expected to apply for a licence along with a slew of other retailers on January 6.

Published on December 03, 2014
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