What is a Payments Bank ?
Payments Bank is a specialized bank
which provides wide array of payment facilities to customers and users.
Payments Banks would help a common person to make payments through an easy
mode, to a wide array of institutions/people in a cost effective manner. They
are expected to emerge as specialized banks to provide services to small
businesses and persons. Payments banks will be used only for transaction
purposes and for deposits. Unlike small banks, payments banks can't lend money