Paisalo Digital Limited has informed the Exchange regarding a press release dated March 25, 2026, titled "Paisalo Adds Indian Overseas Bank to BC Partner Network".
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Paisalo Digital has been appointed as a Business Correspondent (BC) partner for Indian Overseas Bank (IOB), adding to its existing BC partnerships with State Bank of India and Bank of India. The move strengthens Paisalo's Banking-as-a-Service (BaaS) platform, enabling it to deliver last-mile banking services such as account opening, deposits, withdrawals, remittances, and social security schemes to underserved and rural customers. The partnership is described as capital-light, requiring no additional balance-sheet risk, and helps Paisalo build a structured customer funnel for future cross-sell opportunities. Paisalo currently operates a network of 4,872 touch points across 22 states and Union Territories.
This is a positive strategic development for Paisalo as it diversifies its public-sector banking relationships and validates its operating framework, potentially supporting long-term customer acquisition and fee-based revenue growth without straining the balance sheet.