Shinjini Kumar

“I don't think UPI has achieved its potential yet. For a country like India, we should do 10x of what we are doing,” Asbe said.

Financial management app Salt eyes 100,000 users by end of 2023, fundraise by early next year

Salt cofounder Shinjini Kumar said that the platform might seek a licence from the Insurance Regulatory and Development Authority of India (IRDAI) to offer select insurance products, in addition to adding other savings and investment products.

There is clear recognition that payment bank is low-risk: Paytm

Shinjini Kumar of Paytm Payment Bank said the guidelines for payment banks are very progressive. There is a clear recognition that payment bank is a low-risk model and it would succeed when it has flexibility, she said, adding that players can differentiate themselves.

Paytm Payments Bank looking at a pre-Diwali take-off

Digital payment platform Paytm is readying a budget of Rs 350-500 crore to roll out its payments bank and eyeing an October launch before Diwali this year, a top executive said.

'Need to make payments bank system fraud free'

Paytm Payments Bank CEO Shinjini Kumar also said that they are facing the challenge of KYC norms as mobile numbers of the customers cannot be their IDs.

RBI's proposition on JV's with banks interesting: Expert

Sanjay Kapoor, former CEO, Bharti Airtel feels the proposition about joint ventures with banks has made the proposition more interesting. "One of the basic criteria's is anybody who has a very large distribution network is an eligible bachelor from a viability perspective for a payment bank," he told CNBC-TV18.