Author: Bfsinxt Desk
Mastercard and Bizom collaborate to extend a holistic digital supply chain financing solution to over 75 lakh micro retailers from CPG industry
Manappuram Finance has entered into a Memorandum of Understanding (MoU) with construction equipment manufacturer JCB India Ltd to finance the latter’s range of equipment and engineering products. The agreement was signed by Kamal Parmar, Head, of Vehicle and Equipment Finance, Manappuram Finance, and JCB India representative the other day. As per the agreement, the finance options will be available across the country. The pact will go a long way in helping both sides increase their business volumes, the non-bank lender said. “We are pleased to announce the signing of an MoU with JCB India for financing a range of their…
Urban Money said it facilitated the disbursal totalling INR 15,370 crore in the last fiscal year through various channels including banks, housing finance companies, and non-banking financial companies (NBFCs).
The partnership aims to enhance healthcare affordability and accessibility for customers and further address the growing need for convenient and quality healthcare services among homeowners and their families.
‘BNPL Plus’ seamlessly integrates with the businesses’ website and also by brands hosted on popular platforms like WooCommerce and Shopify. When it’s integrated, ‘BNPL Plus’ uses intelligent personalisation to automatically show customers the most attractive offers and no-cost EMI options.
The card will offer Club Vistara Points, Lounge Benefits, Annual Rewards, Golf Benefits, and cover for cancelled flight and hotel bookings
Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.
Paytm announced a partnership with Shriram Finance Limited to offer financial services to its users including loan products. Through this partnership, Shriram Finance’s products will be made available on Paytm’s platform digitally to further expand access to credit and drive financial inclusion in the country, Shriram Finance said in a press release.
Sivasubramanian Ramann, IA&AS, Chairman and Managing Director of SIDBI recently said that SIDBI achieved the highest-ever outstanding, income, net-profit and balance sheet. SIDBI witnessed significant growth in all business spheres. SIDBI crossed the milestone figure of balance sheet of ₹4 lakh crore. SIDBI’s disbursements jumped by 93%, from ₹1,43,758 crore in FY 2022 to ₹2,76,755 crore in FY 2023. ‘Loans & Advances’ of SIDBI increased from ₹2,02,252 crore in FY 2022 to ₹3,56,439 crore in FY 2023, growth of 76%. The Asset Base of the Bank has shown growth of 63% from ₹2,47,379 crore to ₹4,02,383 crore. In FY 2023, the…
Hemant Gala, Vice President of Financial Services said, “Promoting financial inclusion is at the core of PhonePe’s mission. We are excited to launch Merchant Lending on our platform using the Marketplace Model, providing SMEs & MSMEs with access to organized credit and enabling their growth. By serving as a catalyst for the financial empowerment of MSME & SMEs, PhonePe is proud to contribute to the overall development of the economy and drive sustainable progress.’’