The payments bank industry has sought greater flexibility in pricing certain services to offset the rise in operating costs, Jio Payments Bank Managing Director and CEO Vinod Easwaran said. “Some of the pricing and our margins have remained constant,” Easwaran said in an interaction with FE at the Global Fintech Fest. Pricing caps for products such as Aadhaar-enabled Payment System (AePS), a key transaction banking use case for payments banks, have remained unchanged since the licences were issued, even as the cost of doing business has risen, he said.