As of now, the company has already teamed up with four major banks to deploy card payment solutions among others.
The first round of funding also saw participation from Mayur Abhaya and Rohit MA, healthcare entrepreneurs from Stellaris’ Founder Network.
The partnership inked will offer a wide range of general insurance policies, providing protection for a range of insurance needs including health, motor, fire and auto.
He said that a huge chunk of applications that Paisabazaar receives has customers with lower credit scores, through partnership with Cashe the company will be able to cater to their requirements as well.
Reserve Bank of India has said that two crucial decisions on digital payments will be released next year without giving the timeframe.
Venture capital firm looking at $1-b valuation; Pine Labs also plans to raise $100 million.
Industry experts said there would now be greater onus on companies on how they share data and take consent for collecting personal information.
"Make in India can be a game changer. If you have a lot of value addition here, incremental investment will be happening on the soil here," Ashish Vaidya said.
FIS will provide a fully integrated banking and payments platform through a completely outsourced delivery model, which encompasses core banking, channels, and the entire suite of payments services.
LoanSwift will enable it to analyze vast amounts of non-traditional credit data to increase loan approval rates and reduce the risk of credit decisions, particularly for millennials who are mostly accessing credit for the first time.
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