PayU-owned online payments processor Wibmo is developing a payment gateway solution to aid digital distribution capabilities of large banks and financial services firms, ET reported. Wibmo was acquired by Naspers-backed fintech major PayU for $70 Mn in 2019 Suresh Rajagopalan, CEO of Wibmo, told ET that its payment gateway business is around routing ecommerce transactions to payment aggregators.
Open FlipNABARD will integrate its e-KCC loan origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of the Reserve Bank Innovation Hub (RBIH). The collaboration aims to streamline the lending process and reduce the time taken for loan approval from three to four weeks to just five minutes for India’s 120 Mn farmers.
Open FlipBengaluru-based food delivery major Swiggy has reportedly filed for an initial public offering (IPO) via confidential pre-filing route with the Securities and Exchange Board of India (SEBI). The development comes a day after Swiggy received approval from its shareholders for IPO worth INR 10,414.1 Cr ($1.2 Bn).
Open Flip