FinTech | Page 9

The minister of state for finance said India's fintech adoption rate is 87 per cent as against the global average of 64 per cent

The fresh fund will be used for strengthening the technology capabilities and expanding the suite of financial services being offered to be a single point platform for micro MSMEs

The recent pace of digital innovation has the potential to bridge the gap and accelerate rural development

The fund raised will be used for the expansion to newer geographies, strengthening the technology and to increase the offerings

The fund will be used to expand the company into newer geographies, scale up operations and invest in technology

According to the recently released FACE report, fintech lending volume doubles in FY 21-22

The apex bank proposed to allow interoperability in card-less cash withdrawal transactions at all banks and ATMs in its monetary policy review meeting held in April

We figured that it was challenging for the early-stage startups to avail corporate cards from banks, says Amit Jangir, co-founder, Karbon Card

The fund raised will be used to empower and enable startups and SMBs with corporate credit cards

Funds will be utilized to build & expand the team, enhance & develop the product further and for market expansion

Over 20 million users of CASHe can now access a digitally-enabled, byte-sized investing platform with just INR 100

The funds will be used to build the tech stack to roll out new debt relief services

The name of the JV company would be IIFL-Open Fintech

Can it accelerate the Tech led innovation in the BFSI sector?

Funds will be utilized to build technology and seamless usage interface for users

The fund will be used to accelerate the company's twin objective of technology innovation and global scale-up

Speaking at the Global Unicorn Summit 2022, the Razorpay founder said, "There is no match for India's financial service sector anywhere in the world"

Catering to the credit starved should be the way forward

With this acquisition, all lenders on CredAvenue will be able to evaluate and make lending decisions on the platform itself

The aim of the Ippo Pay is to put an end to every tedious and time taking task of a rural Indian merchant handling his/her payments, educate them and help them adapt to modern financial technologies.

The evolution of technology and the digitization of the BFSI sector has resulted in a better adoption of the products as India proceeds to be a digital nation.