The conversation between human and AI assistant.
What is a difference between a small bank and a payments bank? And the need for it?
Can payments banks offer loans?
No, payments banks are not allowed to offer loans or issue credit cards. They are designed to be simple and affordable, making it easier for people to conduct transactions and save money. Payments banks can offer other types of financial products, such as insurance and mutual funds, but they are limited in what they can offer.