One97 Communications vs Fino Payments Bank: Which Stock Should You Track
- August 10, 2026
- Posted by: Neeraj Pandey
- Category: News
Paytm (One97) MCap Rs 91,695 Cr, PE 141.32x, ROE 4.55%. Fino Payments MCap Rs 1,344 Cr, PE 25.63x, ROE 7.26%.
One97 Communications (Paytm) vs Fino Payments Bank is a comparison fintech investors look up when evaluating two listed Indian payment-focused companies at very different scales. Paytm is one of India’s most well-known fintech brands, operating as a digital payments, financial services and commerce platform, while Fino Payments Bank is a small payments bank focused on last-mile banking and payments for underbanked rural and semi-urban populations through a banking correspondent model.
This One97 Communications vs Fino Payments Bank article covers reach and market position, key products, latest declared results and stock valuation. The One97 Communications vs Fino Payments Bank data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
One97 Communications vs Fino Payments Bank: Reach and Market Position
On the One97 Communications side of the One97 Communications vs Fino Payments Bank comparison, Paytm operates a payments superapp serving over 100 million users for UPI payments, merchant payments, lending referrals and insurance. Market capitalisation is Rs 91,695 Cr.
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On the Fino Payments Bank side of the One97 Communications vs Fino Payments Bank comparison, Fino Payments Bank serves rural and semi-urban banking customers through a network of banking points, business correspondents and micro ATMs for cash deposits, withdrawals and remittances. Market capitalisation is Rs 1,344 Cr.
One97 Communications vs Fino Payments Bank: Key Products and Business Mix
In the One97 Communications vs Fino Payments Bank product comparison, One97 Communications offers: Paytm earns from payment processing fees, merchant subscriptions, financial services distribution and commerce. EPS is Rs 10.12. P/E is 141.32x, ROE 4.55 percent, near-zero debt. Paytm is undergoing a significant business restructuring following RBI action on Paytm Payments Bank in early 2024.
For Fino Payments Bank in this One97 Communications vs Fino Payments Bank breakdown: Fino Payments Bank earns from transaction fees on deposits, withdrawals, remittances and micro-lending. EPS is Rs 6.30. P/E is 25.63x, ROE 7.26 percent. Fino is approximately 68 times smaller than Paytm by market cap.
One97 Communications vs Fino Payments Bank: Latest Results
The One97 Communications vs Fino Payments Bank results for One97 Communications: Paytm has a market cap of Rs 91,695 Cr and P/E of 141.32x. ROE is 4.55 percent. Paytm is rebuilding its business model after RBI restrictions on its Payments Bank in January 2024 required migration of its UPI and wallet operations.
The One97 Communications vs Fino Payments Bank results for Fino Payments Bank: Fino Payments Bank has a market cap of Rs 1,344 Cr and P/E of 25.63x. ROE is 7.26 percent. Fino is a much smaller but focused payments bank with a clear last-mile distribution model.
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One97 Communications vs Fino Payments Bank: Stock and Valuation
The One97 Communications vs Fino Payments Bank stock comparison uses the latest available market data from Groww. Investors tracking One97 Communications vs Fino Payments Bank should verify current prices on NSE or BSE before trading.
Paytm vs Fino Payments Bank at current valuations: Paytm trades at Rs 91,695 Cr market cap, P/E 141.32x, ROE 4.55 percent. Fino trades at Rs 1,344 Cr market cap, P/E 25.63x, ROE 7.26 percent. Paytm is 68 times larger with a high P/E reflecting restructuring and future potential. Fino is much smaller but cheaper on P/E with a clearer revenue model.
One97 Communications vs Fino Payments Bank: Quick Comparison Table
The One97 Communications vs Fino Payments Bank comparison table below summarises the key metrics covered in this article side by side.
| Parameter | One97 Communications | Fino Payments Bank |
|---|---|---|
| Sector | Digital payments + financial services (large) | Rural payments bank (last-mile banking) |
| Market Cap | Rs 91,695 Cr | Rs 1,344 Cr |
| P/E Ratio | 141.32x | 25.63x |
| ROE | 4.55% | 7.26% |
| Business Model | Merchant payments + lending + commerce | Cash deposits, withdrawals, remittances (B2B banking) |
| Profitability | Thin profits (restructuring) | Profitable (modest) |
| Dividend | None | None |
Conclusion
The One97 Communications vs Fino Payments Bank comparison above covers the key data points on reach, products, results and valuation. One97 Communications vs Fino Payments Bank covers two very different payment company models. One97 Communications vs Fino Payments Bank shows Paytm as India’s largest digital payments brand rebuilding its ecosystem post RBI action. Fino is a small but focused rural payments bank with steady transaction fee income. Investors reviewing One97 Communications vs Fino Payments Bank should check UPI market share, loan distribution revenue and Fino’s transaction growth. One97 Communications vs Fino Payments Bank are contrasting payment models — consult a SEBI-registered advisor for personalised guidance.
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Frequently Asked Questions
What happened to Paytm Payments Bank?
Ans. RBI directed Paytm Payments Bank (a subsidiary of One97 Communications) in January 2024 to stop onboarding new customers and cease certain banking operations due to compliance concerns. Paytm migrated its UPI and wallet to other partner banks and is rebuilding its payments ecosystem.
What is Fino Payments Bank known for?
Ans. Fino Payments Bank is known for enabling last-mile financial services for rural India — cash deposits, withdrawals, remittances, Aadhaar-enabled payments and micro-ATM services — through a vast network of banking points operated by business correspondents.
Is Paytm profitable?
Ans. Paytm (One97 Communications) has been working toward profitability. EPS of Rs 10.12 indicates thin current profits post the Payments Bank restructuring. Investors should review the latest quarterly results.
Is Fino Payments Bank aspiring for a universal bank licence?
Ans. Yes. Fino Payments Bank has expressed interest in applying for a small finance bank or universal bank licence as it matures its operations and balance sheet.
Which is larger, Paytm or Fino?
Ans. Paytm (One97 Communications) is significantly larger at Rs 91,695 Cr versus Fino Payments Bank at Rs 1,344 Cr — about 68 times larger.
Are Paytm and Fino in Nifty 50?
Ans. Neither is in Nifty 50. Paytm is tracked in Nifty 500. Fino is a small-cap outside major indices.
What is a payments bank?
Ans. A payments bank is a licensed bank in India that can accept deposits (up to Rs 2 lakh per customer) and offer remittance and payments services, but cannot offer loans or credit products directly.
