Having launched the product with Bajaj Finserv in March 2017, the bank currently operates out of 60 cities and within a year and a half they plan to double their footprint.
IBSFintech has partnered Singapore-based AugementSol to market its product in Singapore and has demonstrated the solution to 12 companies there.
Pune-based Healthfin allows patients in case of a medical emergency to borrow money through the platform and pay back over a period of time at an affordable interest rate.
Recognition of peer-to-peer lending startups, revised guidelines for digital wallets & finalising charges for epayments can help fintech sector grow organically in the next two years
This is the second series of fundraising for the startup which had raised $2 million in its Series-A round.
This move could get small merchants who were keeping away from digital payments because of the cost involved to finally start accepting payments digitally.
The firm has also pushed into service a network of 10,000 agents who would train merchants and explain to them the added benefits of accepting Paytm QR payments.
Sodexo has been consistently partnering with tech startups in India to transition to the digital era within the December 31 deadline set by the Reserve Bank of India.
In 15 months, transactions on UPI— among India’s latest digital payment platforms— raced to 105 mn in November from 92,000 in August 2016, according to NPCI data.
Calling it ‘Axis Start-up Social’ the event will go live in Bengaluru on December 15 with a gathering of the country’s leading startups.
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