How Fino Payments Bank’s Ex-Employees Defrauded Merchants

Some of the company’s staff allegedly floated fictitious schemes to defraud customers and merchants to the tune of INR 35.5 Cr

Fino Payments Bank said it fired the employees in question and sent “complaint closure letters” to all the aggrieved merchants for not being able to substantiate payment claims

The payments bank told Inc42 in a statement that there is no liability on it, adding that customer money is safe and secure

More than a year after it emerged that the employees of Fino Payments Bank had floated…