Payment Banks Headquarters and Taglines

Payments Banks are banks which are set up with an objective to provide small savings accounts and payments or remittance services to low income households, small businesses, other unorganized sector entities and other users. These banks can able to operate current accounts and saving accounts. They can issue ATM or Debit cards, Net Banking and Mobile Banking facilities but don’t have rights to provide lending services such as credit cards and issue loans facilities.
Below is a list of Active payment banks Headquarters, Taglines, MD & CEO and Chairman. They are important from exam point of view for various banking examinations like SBI PO, SBI CLERK, IBPS PO, IBPS CLERK etc.

Payment Bank	Headquarter	Tagline	MD/ CEO/ CMD	Chairman
Airtel Payment Bank (1st Payment Bank, April 1 2016)	New Delhi	Banking Is Now At Your Fingertips India’s First Payment Bank	Anubrata Vishwas	Sunil Bharti Mittal
FINO Payment Bank	Mumbai	Qadar Aapki Mehnat Ki	Rishi Gupta	Mahendra Kumar Chouhan
Indian Post Payment Bank	New Delhi	Aapka Bank Aapka Dwar	Suresh Sethi	Suresh Sethi
Jiyo Payment Bank	Mumbai	YOUR EVERYDAY BANK For all of your payments, banking and financial needs	H Srikrishnan	Vivek Bhandari
Paytm Payment Bank	Noida	Simplifying Payments For India	Satish Kumar Gupta	Vijay Shekhar Sharma
Aditya Birla Payment Bank	Mumbai	Get To Know Us Better	Sudhakar Ramasubramanian	Himanshu Kapania
NSDL Payment Bank	Mumbai	Technology Trust and Reach	Mr. G. V. Nageswara Rao	Mr. B. A. Prabhakar
Vodafone M-Pesa Payment Bank	Mumbai	--	Sunil Sood	Suresh Sethi

• As of now, 7 Payments Banks are live and Jiyo was the latest payment bank to commence its operation.
• RBI gives license to 11 entities selected to launch Payment banks on 19 August 2015. They are 
• 1. Aditya Birla Nuvo 
  2. Airtel M Commerce Services 
  3. Cholamandalam Distribution Services 
  4. Department of Posts 
  5. FINO PayTech 
  6. National Securities Depository Limited (NSDL) 
  7. Reliance Industries 
  8. Sun Pharmaceuticals 
  9. Paytm 
  10. Tech Mahindra 
  11. Vodafone M-Pesa 

Out of these, Cholamandalam Distribution Services, Sun Pharmaceuticals and Tech Mahindra have surrendered their licenses.

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