Dependence on fee and commission-based activities for revenue generation.
Any weakness, failure, or disruption in its information technology systems or breach of data that could impact the company’s operations and reputation.
Inability to comply with the stringent regulations, laws, and norms as applicable to Payment Banks in India.
Limited operating history, making it difficult for prospective investors to assess the company’s potential.
Geographical concentration in three states – Bihar, Uttar Pradesh, and Madhya Pradesh.
Inability to successfully diversify and introduce new products and services or enter into new lines of business.
Risks associated with its cash handling operations.
Inability to proactively detect and prevent money laundering and other illegal activities on a timely basis
The company has incurred losses in 2019 and 2020 making it difficult to predict profitability in the near future.