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I am interested to know, other than corss selling of their telecom product to their payment bank customers, how else they will earn profit

Success of Payment Banks will depend on developing new payment service offerings for their targeted customer sector. Traditional service offerings provided by Traditional Banks will probably not give them their Return of Investments. New service offerings emerging around P2P money transfers, collections, Bill payments etc. can be expected.

As mentioned in this conversation, one of the main channels for Instant Payment will be Mobile. In fact Mobile is one of the key drivers of Instant payment or real time payments, across the globe.

As per ‘Blueprint for an Instant Payment Infrastructure Solution’ the suggestion of having a centralized directory services which stores customer account proxies like Mobile number, is mentioned as Value added service. I think having a pan-European centralized directory service is necessary for Instant Payment’s success in Europe.