The FinTech environment has grown in popularity in recent years, especially after the pandemic. The banking, money services and insurance (BFSI) industry in particular has exploded with digital lending services transforming the lending process and disbursement methods. Digital lending is booming as an effective alternative to traditional lending (by financialRead More →

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Through Express press service HYDERABAD: The Enforcement Directorate (ED) has provisionally tied over Rs 72.32 Crore deposits lying in various bank accounts and payment gateway accounts of M/s Kudos Finance and Investments Private Limited, a non-bank financial company India (NBFC), and its various financial technology (Fintech) partner companies, in theRead More →

LB Finance PLC, the country’s leading non-bank financial institution, recently introduced a revolutionary digital solution to boost its core gold lending business. With the latest solution, the company’s gold lending customers have the option of receiving instant digital top-up gold lending through the LB CIM (Cash-In-Mobile) smartphone app. This isRead More →

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MSME-focused digital lending platform FlexiLoans.com announces its collaboration with Google Pay to provide flexible lending to their merchant base. The collaboration will help close the credit gap by providing instant loans to small traders and entrepreneurs across India who cannot access formal credit, FlexiLoans said in a statement. FlexiLoans aimsRead More →

Paytm announced the launch of Paytm Postpaid Mini, an extension of its Buy Now, Pay Later service. The company says these “instant low-ticket loans” would give customers flexibility and manage household spending to maintain cash flow during the ongoing COVID-19 pandemic. The Paytm Postpaid Mini service was launched in partnershipRead More →

In another groundbreaking development, Standard Lesotho Bank (SLB) this week introduced Instant Loans for Small, Medium and Micro Enterprises (SMMEs). The facility, which is part of the bank’s digital lending offering, is a value-added service that enables business clients, especially SMEs, to access “quick and hassle-free instant loans without queues.”Read More →

Representative image. | Photo credit: iStock images Highlights Latest development follows Reserve Bank of India warning that malicious lending practices in the digital space have escalated To use many of these apps, customers need to give them access to sensitive information such as their phone book, pictures stored on theirRead More →

Browsing online during the lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price made the 30-year-old Ohio resident think twice. What persuaded her to click “buy,” Friend said, was the short-term credit offered by Afterpay, which splits the $ 260 payment into four interest-free installments.Read More →

Companies Digital lenders will reduce instant loans in line with CRB directive Wednesday, April 15, 2020 Digital lenders will reduce instant loans in accordance with the CRB directive. PHOTO FILE | NMG By CONSTANT MUNDAMore from this author Summary Micro-businesses and individuals who depend on unregulated digital lenders for instantRead More →

There are various advantages which make Fintech platforms the most preferred option for obtaining instant personal loans. Instant loans mean that the funds are credited to the customer’s account immediately after their loan application. This includes a smooth customer journey and relaxed underwriting in many cases, in addition to lightning-fastRead More →

As banks and financial institutions expand their retail lending business at a time when business lending looks poor, they are turning to technology. Most of the banks have launched instant loans and with this the time to get the loans has decreased considerably. But a bank’s desperation for business shouldn’tRead More →