Buy Now, Pay Later (BNPL) FinTech companies are on their way to transforming how consumers shop for products. While BNPL is not an entirely new concept, it is the latest and most advanced version. Traditionally, shoppers could use EMIs and other credit forms such as credit cards. However, BNPL has made the entire process much […]
What Does RBI’s Rate Hike Mean for the BNPL Business Model?
There’s no doubt that RBI’s rate hike is a harbinger of changes in the financial world. During an unexpected policy announcement, the RBI increased repo rates by 40 base points to 4.4 percent in May and 4.9 percent in June. Given the soaring inflation across the country, RBI is expected to raise the rates again. […]
The RBI’s ban on non-bank PPIs will affect India’s credit card industry.
The FinTech industry has been evolving quickly over the last decade. 11 of India’s 65 unicorns operate in the FinTech space. The industry is quickly disrupting traditional and established BFSI players. However, the regulatory regime is slowly catching up to technological developments. The RBI has recently released a circular which bans banks from offering credit […]
Tips to Select the Right Lending Software Solutions for Your Business
The lending sector has been undergoing a revolution in India and worldwide. Nowadays, in the aftermath of the pandemic, it is no longer optional for lenders to have digital processes for loan applications. It is the norm. Customers are not patient enough to visit physical branches, fill out several paper forms, and wait weeks for […]
10 Must-Have Modules in Your NBFC Loan Management Software
NBFCs are promoters of financial inclusion within the economy. They constructed a solid bridge to achieve lending success within the deprived communities. Thanks to their gigantic contribution to the economy, NBFCs are now a significant part of the financing ecosystem. RBI’s Report on Trend and Progress of Banking in India 2020-21 also reflects similar sentiments. […]
5 Reasons Driving Global Digital Lending Rise
Digital lending has been gaining popularity all around the world. Not only are FinTech start-ups adopting digital lending, but even established multi-national banks are leveraging digital tools for the purposes of lending. The financial sector, in India and around the world, is now in the midst of digital transformation. All processes of such institutions are […]