UPI, how it changed and will be impacting the Fintech industry in 2023
Inside This Article Introduction The Unified payment interface or UPI transactions, as we know, the elevated convenience served by UPI systems is one biggest reason it’s exceeding other payment methods. Proof: A report by CLSA verified that UPI corporates to 60% of entire payments — and digital payments have increased from $61bn in 2016 to […]
Top 6 NBFCs of India in 2022 and their Performance
Inside This Article India’s economic growth has been exceptional in the past few years. It can be easily attributed to the microfinance companies in India whose immense contribution fueled this rapid growth. Microfinance companies have been instrumental in attenuating poverty by uplifting the poor, particularly women and the youth, in rural areas. The microfinance sector […]
RBI’s recent notifications: Impacts on NBFCs in 2023
Inside This Article Introduction As we know, NBFCs are performing an imensive job by providing credit facilities to specific niche sectors, viz., infrastructure and unbanked sections of the economy — thus, driving financial inclusion in India. And the sector has reported a total annual growth of almost 18% over the previous few years and is […]
7 Top most Advantages of Hiring a VCFO at your NBFC and Scaling it
Have you heard of this quote, “If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business”? A very famous one by Lee Kuan Yew, 1st Prime Minister of the global financial center, Singapore. In this digital era, when every other job has become virtual and can be outsourced, […]
Major RBI Regulations Disrupting Fintech in 2022
Inside This Article The Indian FinTech ecosystem demonstrates uniqueness. Its growth depends on many things. Many people help it grow, like founders, startups, customers, companies, and the government. Each one plays a big part in helping it grow. Fintech is flourishing like never before in India. India is growing fast because of its strong digital […]
How is blockchain changing/revolutionizing the fintech industry?
Inside This Article Gone were the days when blockchain technology was only associated with cryptocurrency. Now, many industries, like healthcare, insurance, logistics, medicine, entertainment, etc., are trying to harness the advantages of this new and evolving technology, and fintech, as an evolving industry that entirely depends on technology, does not want to lag in any […]
What is a Payment Aggregator, what are the benefits, How it works, and How to get registered with RBI?
Inside This Article Introduction Payment or merchant aggregators are third-party service providers allowing payment through several gateways without a merchant account with a bank or card association. PayPal was the first to offer such a service in 1998. Traditionally this has been quite a manual and muddled process to negotiate with each bank, card provider, and other financial […]
Know these 7 NBFC trends to keep pace with growth
Inside This Article Trends in NBFCs are changing simultaneously with the technology change. NBFCs have been increasing for the past few years and have reached an all-time high growth. According to a publication by RBI, their credit intensity measured by the credit/GDP ratio has increased from 8.6 in 2013 to 13.7 in 2021. Moreover, compared to Scheduled […]
