In the world of business, non-banking financial companies (NBFCs) play a vital role by providing loans and advances to businesses and individuals. These financial institutions cater to the needs of those who do not have access to banking services. In India, the NBFC sector is growing at a rapid pace, and it has filled the […]
Peer-to-peer (P2P) lending is a financial innovation that emerged over time — To improve the current state of financial inclusion and to act as a substitute for bank loans and traditional financing options. Becoming a highly essential alternative lending platform, it is projected to grow at a CAGR of more than 20%, touching $10.5 billion […]
Banking channels were the sole institutionalised means of driving financial inclusion in a country like India for a long time. While urban India can boast of a high level of financial inclusion and access to numerous options, the same cannot be said for rural India. A major portion of the unbanked population lives in rural […]
With support from the Swiss State Secretariat for International Finance (SIF), the Green Digital Finance Alliance and the Swiss Green Fintech Network have released the final edition of the world’s first green Fintech classification/taxonomy. The primary goal of the Green Fintech Taxonomy is to nurture and promote the green fintech sector by allowing policymakers, investors, […]
It’s a roaring time for Fintech! Financial institutions will no longer rely on spreadsheets and face-to-face meetings. As a result, financial startups and innovators scramble to serve the market needs. The financial industry continues to be shaped by relatively young businesses influencing trends in the industry. Through a digital-first strategy, Fintech has not only generated […]
Financial startups! One of the buzzing sectors among a variety of startups. Today every form of financial engagement comes with some or other pain point for both customers and lenders. Hence, we see several innovative solutions in the market that address these issues and make the entire process more seamless. What’s more? Consumers prefer their […]
Buy Now, Pay Later (BNPL) is quickly changing the way consumers shop and pay for their purchases. BNPL allows shoppers to make a purchase but pay for it at a later given date or to divide their payments into a few or several instalments. BNPL is gaining popularity in India and around the world, especially […]
Today, our lives are dominated by technology, and the pandemic has pushed businesses further towards digitisation. Consequently, the finance industry has experienced a great deal of digital innovation. A notable example is the trend of using electronic transactions instead of traditional billing. e-invoicing is the next reasonable step taken by the government after the widely […]
In India, open banking has progressed significantly in recent years, and 2021 can be regarded as the year of open banking. Government actions, the launch of scalable Open Banking initiatives by banks, respectable traction by various neobanks, and investment and scaleup of multiple Banking-as-a-Service platforms have all contributed to this movement. With the rise of […]
Covid-19 has ushered in a paradigm shift in India’s digital payments landscape, unleashing a slew of new sub-industries, including Buy Now Pay Later (BNPL). In India, consumer and retail business adoptions are at an all-time high, indicating that eCommerce is gaining traction. Due to improved Internet penetration, increased knowledge of eCommerce, and the introduction of […]
