The global Open Banking market, valued at USD 19.14 billion in 2022, is expected to grow at a Compound Annual Growth Rate (CAGR) of 25.9 and touch 48.13 billion in 2026. The growth of Open Banking worldwide and in India, too, can be attributed to the surge in the use of online payment platforms. As […]
Can a Virtual Credit Card Affect a Customer’s Credit Score?
The rise in online transactions has increased security threats to critical financial information. Virtual credit cards have become popular in recent years as a preventive method. These cards allow consumers to use their credit cards online without the risk of exposing their credit card information. Consumers, however, are also concerned about the impact virtual credit […]
Digital Lending Trends in 2023: How Are Top Players Gearing Up?
The digital lending segment grew from 9 billion USD in 2012 to almost 150 billion in 2020. It is one of the fastest-growing fintech segments and is expected to reach a value of approximately 350 billion USD in 2023 in India. Factors like increasing digital adoption and the difficulty of accessing credit through traditional banking […]
Embedded Finance: How Can Banks and Lenders Utilise Customer Spending Data
Embedded finance is technically a package deal. It combines a non-financial consumer experience with a suitable and usually complementary financial product or service. All in all, this combination aims to provide a superior customer experience. By 2027, global embedded finance market revenues are expected to exceed $183 billion. Embedded finance brings three advantages in one […]
How to Find the Best Invoice Financing Company for Your Business?
Invoice financing is an excellent way for businesses to access working capital and manage cash flow. For that, it’s crucial to choose a reputable company with competitive rates and fees that can meet the specific needs of your business. However, finding the right invoice financing company for your business can be challenging. This is why […]
Working Capital Loans: Propelling Startups
Working Capital is a financial metric that, despite its technical definition, is better understood in the literal sense of the term which is, ‘the capital that works’. As a production factor, it generates revenue and ensures the continued existence of the other three aspects, such as labour, land, and entrepreneurship. Working capital management entails controlling […]