Eko’s current infrastructure can only handle some 5,000 accounts, but it is talking to other banks such as market leader State Bank of India and local units of lenders such as ABN Amro Bank NV, Citibank NA and the HSBC Plc. “Banks are looking for a profitable model to address the bottom of the pyramid and that’s what we offer. We will become a mobile virtual banking operator,” Sinha said.
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