Fino Payments Bank CEO Rishi Guptastated that the startup is on a customer acquisition spree and expects to reach 10 million customers in the next 24 months.
Fino claims to have approximately 4.6 million customers in the country at the moment. “That would be a sizable CASA base, which could lead to a much higher annuity income in the coming years,” Gupta said, referring to the impact of the increased customer base on current and savings accounts (CASA). Fino also stated in its annual report that, based on the rate of expansion for transactions and CASA, it expects to double its network to over 2 million merchant points in the next 36 months. During the noon trade on Wednesday, the company’s shares were trading 3.16% higher at INR 268 on the BSE.