Author: Bfsinxt Desk
PhonePe recently announced a partnership with Star Health and Allied Insurance Company Ltd. (Star Health Insurance), to offer customers health insurance with a monthly and annual payment option. With this partnership, PhonePe users will now be able to avail of ‘Star Comprehensive Insurance Policy’ on the PhonePe app with coverage up to Rs.1 Crore, it said in the press release. Star Health Insurance’s Comprehensive Health Insurance will be offered to customers with a monthly premium payment plan and users can also opt to pay their premium with the UPI AutoPay mandate. This move was driven by a critical insight that…
The general insurer in the release said, “Ramit brings to the table a wealth of experience in sales, spanning an impressive experience of 25 years and over a decade of which was devoted to Future Generali and prior to his tenure at FGII, he held pivotal roles at TATA AIG, Godrej and Boyce and Daewoo Anchor Electronics.”
RiskShielf aims at reducing fraudulent activities upto 40% helping Indian businesses reducechargebacks and disputes, Cashfree said.
“MasterCard’s connection to Alipay, an app serving over 1 billion users in China, is an important addition to its international payments offering, enabling its bank, fintech and corporate customers globally to offer their customers a connection to this popular e-wallet in near real- time,” said Alan Marquard, Head of Transfer Solutions at Mastercard.
Aditya Birla Housing Finance Limited (“ABHFL”), a fully owned subsidiary of Aditya Birla Capital Limited, has announced the launch of ‘ABHFL- Finverse’, a unified digital lending platform aimed at re-imagining the home loan experience for customers. The platform will digitize the entire lending process from prospecting to disbursement, providing customers with a seamless experience journey, faster turnaround of loan application, greater transparency of loan status and real-time updates. It will also serve as a holistic digital ecosystem, connecting customers, partners, employees, and vendors on a common platform, thus resonating ABHFL’s focus on customer satisfaction and convenience. Pankaj Gadgil, MD &…
India’s economy held relatively well (7.6 per cent) in FY24 compared to other major
economies driven by strong investment growth and a rebound in industrial activity. The survey
findings show that long term credit demand has seen continued growth for sectors such as
Infrastructure, Metals, Iron and Steel, Food Processing.
National Payments Corporation of India (NPCI) has today granted approval to One97 Communications Limited (OCL) to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model. Four banks (Axis Bank, HDFC Bank, State Bank of India, YES Bank) shall act as PSP (Payment System Provider) banks to OCL. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. “Paytm” handle shall be redirected to YES Bank. This will enable existing users and merchants to continue to do UPI transactions and AutoPay mandates in a seamless and uninterrupted manner. OCL has…
NPCI International Payments Limited (NIPL), a subsidiary of National Payments Corporation of India (NPCI), and Eurobank S.A., a leading Greek bank, have signed a Memorandum of Understanding (MoU) towards enhancing cross-border payments using UPI rails. This agreement is aimed to transform the process of international money transfers, with a specific focus on streamlining remittances from Greece to India. This strategic alliance between both parties shall interface with each other as a point of contact for enabling Foreign Inward Remittance transactions from Greece to India. They shall also manage fund settlement, reconciliation, and dispute resolutions in their respective jurisdictions. This initiative…
The tie-up with HDFC Bank will benefit the employees of SAIL from the host of facilities offered as a part of the account. SAIL is one of the largest steel-making companies in India and one of the Maharatnas of the country’s central public sector enterprises.
The comprehensive MoU covers a period of 3 years, seeks to coordinate NABARD’s role of enabler and facilitator in the SHG ecosystem since the establishment of the movement, with the transformative goal to promote women led development in rural areas by leveraging on the unique strengths of both entities.