Tag: Digital lending

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Tata Motors Finance Improves Digital Lending Capabilities with Fiserv

Tata Motors Finance partners with Fiserv to boost digital lending capabilities and enhance customer experience using FirstVision, a microservices-based system with open APIs. Learn how this collaboration will drive financial inclusion in India.

Non-FinTech Startups Joining the Digital Lending Trend

Find out how non-fintech startups are leveraging the digital lending wave in India to add a new revenue stream and retain customers.

Hero Fincorp: Providing Instant Personal Loans for Financial Inclusion

Hero Fincorp's Instant Personal Loan App is breaking down finance barriers in India, promoting financial inclusion with easy, hassle-free loans for all. Borrowers can access loans up to Rs. 5 Lakhs with a simple 3-step application process, all without the long wait time or paperwork. With a focus on responsible lending and minimal salary requirements, Hero Fincorp is helping individuals build credit histories and better financial futures while propelling economic growth in the nation.

Reserve Bank Aims to Reach 1 Million Active E-Rupee Customers by End of June

The Reserve Bank of India plans to have one million customers on the central bank digital currency (CBDC) by June 2021. Banks can issue RuPay Prepaid Forex cards, while non-bank prepaid payment instrument issuers can issue e-RUPI vouchers for enhanced financial accessibility. Guidelines on Default Loss Guarantee arrangements in digital lending and streamlining of the Bharat Bill Payment System (BBPS) Processes and Membership Criteria are set to elevate India's payment ecosystem.

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Reserve Bank Aims to Reach 1 Million Active E-Rupee Customers by End of June

The Reserve Bank of India plans to have one million customers on the central bank digital currency (CBDC) by June 2021. Banks can issue RuPay Prepaid Forex cards, while non-bank prepaid payment instrument issuers can issue e-RUPI vouchers for enhanced financial accessibility. Guidelines on Default Loss Guarantee arrangements in digital lending and streamlining of the Bharat Bill Payment System (BBPS) Processes and Membership Criteria are set to elevate India's payment ecosystem.

Non-FinTech Startups Joining the Digital Lending Trend

Find out how non-fintech startups are leveraging the digital lending wave in India to add a new revenue stream and retain customers.

Hero Fincorp: Providing Instant Personal Loans for Financial Inclusion

Hero Fincorp's Instant Personal Loan App is breaking down finance barriers in India, promoting financial inclusion with easy, hassle-free loans for all. Borrowers can access loans up to Rs. 5 Lakhs with a simple 3-step application process, all without the long wait time or paperwork. With a focus on responsible lending and minimal salary requirements, Hero Fincorp is helping individuals build credit histories and better financial futures while propelling economic growth in the nation.

India’s Central Bank Allows Default Loss Guarantee Arrangements in Digital Lending

The RBI will develop regulatory guidelines for the first loss default guarantee (FLDG) arrangements in the digital lending industry. This move follows consultations with stakeholders, as the RBI aims to balance innovation with practicality of regulated entities. Additionally, there will be regulatory frameworks governing compromise settlements and technical write-offs for all lenders. These frameworks will mitigate financial risks while providing consistency to lenders. Detailed plans will follow.

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