Facilitating a home loan mortgage transaction involves navigating complex valuation decisions, extensive documentation, and stringent regulations, besides having deep expertise in the real estate value chain, the company said in a statement.
Leverages both technology backed by AI and human engagement to reduce bounce rates and increase collection efficiency.
MobiKwik, set to go public, has achieved a second consecutive quarter of positive after-tax profits. The fintech company recorded a net profit of Rs 5 crore in the quarter ending September. It reported a 52% year-on-year growth in revenues, reaching Rs 208 crore in Q2.
The introduction of Unified Payments Interface (UPI) in India has revolutionized digital transactions, offering convenience and speed. However, there are situations when a UPI transaction needs to be reversed, such as accidental transfers or unauthorized payments. The National Payments Corporation of India has implemented the “UPI Auto-Reversal” system to address this issue. Successful transactions cannot …
How to reverse UPI transactions on PhonePe, Paytm, Google Pay, and other UPI apps Read More »
While there has been a funding winter in fintechs and tech startups over the past 1-1.5 years, FinTech funding witnessed a 68 per cent surge with a total of USD 436 million raised in the third quarter of 2023, revealed a recent report by Traxcn. It further adds that the funding was driven by late …
India’s FinTech funding records a 68% surge in Q3’CY23: Report Read More »
While the company’s revenues rose significantly, expenses shot up, too. In FY2023, the Bengaluru headquartered fintech reported total expenses of Rs 2,831 crore, a spike of 66% from the Rs 1,702 crore payout a year earlier. Most of this was driven by a jump in payment processing charges and employee benefit expenses.
The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India’s RuPay debit and credit card stack.
In the upcoming months, there will be an integration process with both entities (Slice and North East Small Finance Bank) working diligently to ensure a smooth transition for all its customers.
Several ZestMoney borrowers have alleged loan closure discrepancies with ZestMoney including the deduction of EMIs even after the loan is closed and low CIBIL scores with closed loans being shown as open.
The licence, granted by the Monetary Authority of Singapore (MAS), will allow Ripple to provide regulated digital payment token services. It had received initial approval in June.
