Eyeing the tap-and-pay space, Fino Payments Bank promoter Fino Paytech Monday has invested an undisclosed sum in Citycash.
It did not disclose the stake it will be getting either but said that the two will design an ecosystem for payments.
Fino will be the issuance and settlement institution of the prepaid payment instrument and Citycash will offer its cashless payments technology and micro-payment merchant acquisition, an official statement said.
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