India's Fino Payments rises after cenbank nod for cross-border remittance business

FINO Payments Bank

03/01/2022 08:14

** Shares of digital financial services provider  FINY.NS 
rise as much as 6.5% to 395 rupees, their highest since Dec. 29
    ** FINY stock up after two straight sessions of losses and
posts its biggest intraday pct gain since Dec. 10
    ** Co says https://bit.ly/3HwuzGC got approval from the
central bank for starting international remittance business
under the Money Transfer Service Scheme
    ** Says will be undertaking inward cross-border money
transfer activities and will be partnering with an Overseas
Principal
    ** FINY will be ready to offer inward remittance services to
customers by Q1 FY23 - COO Ashish Ahuja   
    ** More than 228,000 shares trade by 0755 GMT, 0.6 times
their 30-day avg of over 386,000 shares 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))