“Smartphone penetration will have to increase for the channel to be adopted by small merchants”
…
Tag: UPI
Airtel Payments Bank looking at SME tie-ups & UPI to boost customer base
The Airtel Payments Bank is reaching out to small and medium enterprises (SMEs) through a salary portal, wherein salary will be directly credited into their bank account
…
‘GSTN & UPI will extend lending hands to finance starving MSMEs’
GSTN will bring online seven million organizations and five billion invoices every month, while street-side micro-entrepreneurs will soon be able to leverage their transaction data through Unified Payment Interface (UPI) apps to access micro-loans
…
India needs its MSMEs to go cashless: Report
Almost eight months after demonetisation, India is slinking back to using cash as its primary mode of financial transactions. While the government has undertaken several initiatives to induce the consumers to go digital, a report by the Boston Consulting Group (BCG) predicts that it would be far …
ftcash raises pre-series a funding from Ivycap ventures & 500 start-ups
Riding high on a rapid growth trajectory, ftcash, one of India’s fastest growing financial technology ventures, has raised an undisclosed amount of funding in a pre-Series A round from venture capital firms IvyCap Ventures and 500 Startups. The fintech start-up will utilize the newly-raised capit…
Startup India: Centre needs to think scale like it did with Aadhaar
Digital India, Startup India and Make in India are synonymous in some sense as the visible thrust from the government has raised awareness and focus on startups. Within months of the government coming to power in 2014 there was a complete change in sentiment. Last year, IDG Ventures India saw 2,8…
Our special area of focus is traditionally underserved micro-entrepreneurs: Capital Float
In a long chat with Rohan Angrish, CTO, Capital Float, here is an understanding of how their online platform reduces the hassles associated with processing working capital requirements for SMEs in India. Edited excerpts: Q: Please tell us about your organization and how it plans to address financ…
Benow enables small merchants to accept digital payments through BHIM & UPI
The Benow digital payments platform is empowering hundreds of local merchants across Mumbai to accept hassle-free digital payments through BHIM & other UPI apps. Named as ‘BHIM-Enablement Service’, this is a cost-effective and secure method of accepting payments directly into the merchant’s b…
No good start-up will starve to death: Sanjay Swami of Prime Venture Partners
Prime Venture Partners, formerly Angel Prime, is a venture capital fund that focuses on early-stage start-ups, and looks for companies that don’t just need capital but also mentoring. Prime has a number of investments in the fintech space, and it’s well-known for its highly-engaged ap…
Broader market: Small is the new big
At a time when most sectors involved with the digital economy — including e-commerce, ride sharing, food technology — are trying to find stable ground, the booster shot provided by demonetisation to financial technology sector has allowed companies in this area to indulge in expenditure for expan…