The OwnPe Group provides a complete financial solution. OwnPe Group is one of India's leading Payment & Finance. OwnPe Group  describes itself as a one-stop financial service provider that caters to the diverse needs of customers. It is certified with Ministry of Corporate Affairs, Government of India. Among the various products offered by OwnPe Groupg to individuals, families and, are loan, saving accounts & deposit accounts. OwnPe Group has the rules and objectives of that are the same as a bank, but it is only in effect to someone (a members group) who has agreed or joined this agreement, as a bank, but to do business for Its Member only. So if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a members group) who has agree/join on this agreement.