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Vodafone applies for Payments Bank license

Indian mobile operator Vodafone India has filed an application with Reserve Bank of India (RBI) for the Payments Bank license, the company said in a statement Tuesday.

Vodafone is also seeking partnerships to deliver the service.

“We are keen and remain highly committed to building a Financially Inclusive business model leveraging our Telco strengths and experience in the mobile payments space, fully aligned with the Government and RBI’s vision,” a statement from Vodafone said.

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