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Posted on: June 9, 2022
Following the phenomenal success of the Unified Payments Interface (UPI) mobile payments platform, India is embarking on the next step of digitising its financial services sector. The possibilities are limitless, but so are the challenges. An increasing NPA burden has
Learn MorePosted on: April 20, 2022
B2B marketplaces are experiencing a radical change, where sectors like retail and e-commerce have marked significant uptake. Evolution of UPI, the introduction of account aggregators, OCEN, and what’s next? Embedded Financing! Embedded finance is the rapid developmental wave that has
Learn MorePosted on: April 20, 2022
OCEN, which has been in the news for a long time, has been called the next big thing in lending. The main goal of OCEN, which is pronounced O-Ken, is to put in place a set of frameworks and rules
Learn MorePosted on: April 20, 2022
Financial services in India are seeing unprecedented unbundling of products and services. Historically, financial institutions such as banks were in charge of the full lending value chain, including acquisition, appraisal, and capital. Throughout the lifecycle of a loan, borrowing was
Learn MorePosted on: February 28, 2022
The pandemic has already boosted the usage of UPIs and more people are choosing it as a payment option over the traditional ones. While this UPI has started to revolutionize the payment options in the country, AA or Account Aggregator
Learn MorePosted on: January 12, 2022
When both Google Pay and PhonePe use the same Unified Payments Interface or UPI platform, someone with a Google Pay account can now send money to someone with a PhonePe account. A similar experiment is being planned by the government
Learn MorePosted on: January 12, 2022
Over the last decade, Indians witnessed several notable changes in every sector. Digitization of almost all the sectors was happening pretty fast and the pandemic kind of boosted that process a lot more. From buying groceries to shopping for festivals,
Learn MorePosted on: November 21, 2021
The Reserve Bank of India (RBI) introduced the account aggregator framework on September 2, 2021, a financial data sharing system that will make financial data more accessible and give consumers control over their own financial data. By democratizing data access, this
Learn MorePosted on: November 21, 2021
After the Indian government’s long-awaited account aggregator framework went live with four Indian banks, Infosys chairman Nandan Nilekani stated that “the technology has the potential to be used across numerous use cases, similar to how the unified payments interface (UPI)
Learn MorePosted on: November 20, 2021
Consider the situation when you require a small loan that banks and other financial institutions are unable to provide due to a lack of credit history. Imagine a financial app that checks your timely bill payments and provides you with
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