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ESG ratings enable investors to identify and mitigate potential risks linked to environmental, social, and governance factors, thereby reducing the likelihood of adverse impacts on their investments.
Yes Bank has partnered with Vegapay to launch a new platform called ‘Credit Line on UPI’. This platform will allow YES Bank to offer customised credit programs to its customers through UPI. The platform is expected to help bridge the credit gap in India by providing seamless credit solutions to a wider audience.
India is establishing mobile payment connections with several nations, including Sri Lanka, the UAE, and neighboring countries. The Reserve Bank of India (RBI) is also developing a cross-border payment system and researching the effects of central bank digital currencies (CBDCs) on the financial sector.
A report by LenDenClub highlighted the recent trends of P2P Lending in India revealing that the Millenials and GenZ dominate the platform, 90% of lenders prefer UPI and Maharashtra accounts for 40% of total lending.
Founder of embedded B2B finance platform says they can help founders raise money easily without diluting equity or presenting collateral.
Prior to joining Paytm Payments Bank, Kumar was associated with UBI Services as Chief People Officer.
Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, open digital networks and supply chains.
PeLocal, a payment solutions provider enabling e-commerce transactions through messaging platforms like WhatsApp, has secured $2 million in funding. The round was led by Unicorn India Ventures. The company aims to scale its monthly transactions from three million to ten million in the coming year.
Rio, in partnership with YES BANK and NPCI, launched the co-branded YES BANK Rio RuPay Credit Card and its UPI app. The card offers rewards, no fees, and a credit limit up to ₹5 lakh.
Chennai-based matchmaking service provider, Matrimony.com, has introduced a new financial technology platform designed to provide financial assistance for marriages. The platform offers comprehensive loan solutions through partnerships with leading financial institutions, aiming to simplify wedding planning and budgeting while prioritizing financial well-being.
