#ZestMoney

[entrackrme]

Prosus 2023 report card: ZestMoney write-off, Byju’s haircut, and more

Prosus (formerly Naspers), one of the prominent technology investors, has released its  2023 annual report. Fintrackr sifted through the report to uncover insights about its portfolio companies, including Byju’s, Swiggy, ZestMoney, Mensa, and PayU.While it slashed the valuation of Byju’s, Prosus ramped up Mensa’s value and wrote off its investment in ZestMoney. 

[rohankadam]

Easy Ways to Get a Medical Loan: Quick Help for Your Health Needs

Medical emergencies don’t wait—and when you or a loved one needs treatment, arranging money fast becomes the top priority. If you’re looking for easy and quick ways to get a medical loan, this guide is just for you.

Let’s explore how you can get a medical loan with minimal hassle and maximum speed.

What Is a Medical Loan?

A medical loan is a type of personal loan used to cover healthcare expenses. It helps Swiploan.

Hospital bills

Surgeries

Medicines

Dental or cosmetic treatments

Fertility and maternity care

Other medical procedures

The good news? You don’t need to pledge anything as security. Most medical loans are unsecured, which means your approval depends mostly on your income and credit score.

7 Easy Ways to Get a Medical Loan

1. Apply Online for Instant Approval

Many banks and fintech lenders offer instant medical loans online. You just need to:

Visit the lender's website or app

Fill out a simple form

Upload your documents

Get approval in minutes

Once approved, money is usually transferred within 24–48 hours.

2. Check Pre-Approved Offers from Your Bank

If you already have a bank account or credit card, check if you have a pre-approved loan offer. These loans:

Require minimal documentation

Offer instant disbursal

Come with attractive interest rates

Just log in to your internet banking account or visit your bank branch and Swiploan to check.

3. Use a Personal Loan Aggregator

Websites like Paisabazaar, BankBazaar, or LoanTap let you compare and apply for medical loans from multiple lenders in one place. This saves time and shows you the best offers based on your profile.

4. Look for NBFCs (Non-Banking Finance Companies)

NBFCs are known for quick processing and flexible eligibility rules. Some even give loans to:

People with low credit scores

Self-employed individuals

First-time borrowers

Examples include Bajaj Finserv, Tata Capital, and MoneyTap.

5. Get a Zero-Interest EMI Plan from Hospitals

Many hospitals partner with finance companies to offer 0% EMI loans on surgeries and treatments. Ask the billing or finance desk at your hospital if such an option is available. It’s one of the easiest and most affordable ways to manage medical expenses.

6. Use a Buy Now, Pay Later (BNPL) And Swiploan App

Some fintech apps allow you to split your medical bills into easy EMIs. Examples:

ZestMoney

KreditBee

LazyPay

These services are app-based and give approvals within minutes.

7. Borrow from a Digital Lending App

Apps like Navi, CASHe, or PaySense offer quick personal loans for medical needs. You can:

Download the app

Upload PAN and Aadhaar

Get instant loan offers

No paperwork or bank visits needed.

What Documents Are Needed?

Most lenders ask for:

PAN Card

Aadhaar Card

Bank statement (last 3–6 months)

Salary slips or income proof

Medical estimate/bills (optional)

Online loans usually need just soft copies or photos of these documents.

Tips to Get Approved Faster

Keep your credit score above 700 for better chances

Avoid multiple loan applications at once

Choose a realistic loan amount

Repay existing loans on time to boost credibility

Final Words

Getting a medical loan doesn’t have to be stressful or slow. With digital lenders, instant approvals, and zero-interest EMI plans, there are many easy ways to handle medical expenses without delay. Whether it’s an emergency or a planned procedure, help is just a few clicks away.

Your health comes first—don’t let money stop your recovery. Just apply Swiploan.

[techminsolutions]

Need quick cash in 2025? Learn how to secure an instant personal loan in India without the stress! In this video, we break down the simple steps to get funds fast—whether it’s for emergencies, travel, or unexpected expenses. Discover eligibility tips (₹15,000–25,000 income, 700+ credit score), top lenders like IDFC First Bank, MoneyView, and options for low credit like Fibe or ZestMoney. Go paperless with RBI-approved apps like Navi or Bajaj Finserv—just upload Aadhaar, PAN, and a bank statement. No branch visits needed! Get approved in minutes, enjoy rates as low as 9.9% p.a. (Axis, Tata Capital), and pick flexible tenures (3 months–5 years). Watch now to borrow smart and fast!

[latestmarketresearchnews]

Buy Now Pay Later Market Geographic Segmentation, Research by Regions and Analysis to 2030

The global buy now pay later market size is projected to reach USD 38.57 billion by 2030, registering a CAGR of 26.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the high purchasing power offered by the Buy Now Pay Later (BNPL) platforms, coupled with benefits such as interest-free and convenient payments. On the other hand, an increase in the demand for delayed payments for online shopping and a surge in spending on high-cost products are expected to offer lucrative opportunities for the market over the forecast period.

Several BNPL solution providers are striking partnerships with other fintech companies to offer BNPL services efficiently. For instance, in July 2023, At Home, a prominent home furnishing store chain in the U.S., introduced a new financing option, Synchrony Pay Later, to offer customers a BNPL solution. Through this program, consumers can apply for interest-free loans to make convenient equal payments over three months for single purchases ranging from USD 75 to USD 400 without negatively impacting their credit scores. This initiative complements At Home's existing At Home Insider Perks credit card, which provides six-month special financing options for qualifying purchases at the store. By integrating Synchrony Pay Later, At Home aims to provide customers with flexible and accessible payment alternatives for a seamless shopping experience.

The COVID-19 pandemic had a positive impact on the BNPL market. A myriad of unexpected issues stemming from lockdowns, restrictions on people and goods movement, social distancing measures, and the growing awareness of BNPL solutions prompted various companies to adopt BNPL solutions to provide a better customer experience. As a result, BNPL solution providers witnessed exponential growth in their customer base and transaction volumes. For instance, overall BNPL transactions on ZestMoney jumped 300% in 2021 compared to 2020.

Gather more insights about the market drivers, restrains and growth of the Global Buy Now Pay Later Market

Buy Now Pay Later Market Report Highlights

In terms of channel, the POS segment is anticipated to register a significant CAGR over the forecast period. The availability of BNPL services at the POS provides a competitive advantage for retailers, as it can boost sales and increase customer loyalty. By offering BNPL as a payment option, retailers can attract more customers, particularly those who may have hesitated to purchase due to budget constraints or upfront payment requirements

Based on enterprise size, the small & medium enterprises (SMEs) segment is anticipated to register the fastest CAGR of 27.4% over the forecast period. SMEs are widely adopting the BNPL services to maximize their tax deductions. These services help enterprises manage their expenses with flexible repayment options and transparent fees

In terms of end-use, the retail segment dominated the market in 2022 with a revenue share of more than 73% as a result of rising awareness among millennials who are rapidly adopting BNPL services for paying for clothing, electronics, and others

In terms of region, with the presence of a large number of BNPL service providers, the North America region dominated the market in 2022 with a revenue share of more than 29%, and is expected to create growth opportunities for the regional market growth over the forecast period

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Cloud Logistics Market: The global cloud logistics market size was estimated at USD 21.55 billion in 2024 and is projected to grow at a CAGR of 13.9% from 2025 to 2030.

Predictive Dialer Software Market: The global predictive dialer software market size was valued at USD 3.20 billion in 2024 and is expected to grow at a CAGR of 42.3% from 2025 to 2030.

Buy Now Pay Later Market Segmentation

Grand View Research has segmented the global buy now pay later market based on channel, enterprise size, end-use, and region:

Buy Now Pay Later Channel Outlook (Revenue, USD Billion, 2017 - 2030)

Online

POS

Buy Now Pay Later Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

Large Enterprises

Small & Medium Enterprises

Buy Now Pay Later End-use Outlook (Revenue, USD Billion, 2017 - 2030)

Retail

Consumer Electronics

Fashion & Garment

Others

Healthcare

Leisure & Entertainment

Automotive

Others

Buy Now Pay Later Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Europe

Germany

UK

Sweden

Asia Pacific

China

India

Japan

South Korea

Australia

Latin America

Brazil

Mexico

Middle East & Africa

UAE

Kingdom Saudi Arabia (KSA)

South Africa

Order a free sample PDF of the Buy Now Pay Later Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Buy Now Pay Later Market 2030: Industry Analysis and Forecast by Type, Application and Region

The global buy now pay later market size is projected to reach USD 38.57 billion by 2030, registering a CAGR of 26.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the high purchasing power offered by the Buy Now Pay Later (BNPL) platforms, coupled with benefits such as interest-free and convenient payments. On the other hand, an increase in the demand for delayed payments for online shopping and a surge in spending on high-cost products are expected to offer lucrative opportunities for the market over the forecast period.

Several BNPL solution providers are striking partnerships with other fintech companies to offer BNPL services efficiently. For instance, in July 2023, At Home, a prominent home furnishing store chain in the U.S., introduced a new financing option, Synchrony Pay Later, to offer customers a BNPL solution. Through this program, consumers can apply for interest-free loans to make convenient equal payments over three months for single purchases ranging from USD 75 to USD 400 without negatively impacting their credit scores. This initiative complements At Home's existing At Home Insider Perks credit card, which provides six-month special financing options for qualifying purchases at the store. By integrating Synchrony Pay Later, At Home aims to provide customers with flexible and accessible payment alternatives for a seamless shopping experience.

The COVID-19 pandemic had a positive impact on the BNPL market. A myriad of unexpected issues stemming from lockdowns, restrictions on people and goods movement, social distancing measures, and the growing awareness of BNPL solutions prompted various companies to adopt BNPL solutions to provide a better customer experience. As a result, BNPL solution providers witnessed exponential growth in their customer base and transaction volumes. For instance, overall BNPL transactions on ZestMoney jumped 300% in 2021 compared to 2020.

Gather more insights about the market drivers, restrains and growth of the Global Buy Now Pay Later Market

Buy Now Pay Later Market Report Highlights

In terms of channel, the POS segment is anticipated to register a significant CAGR over the forecast period. The availability of BNPL services at the POS provides a competitive advantage for retailers, as it can boost sales and increase customer loyalty. By offering BNPL as a payment option, retailers can attract more customers, particularly those who may have hesitated to purchase due to budget constraints or upfront payment requirements

Based on enterprise size, the small & medium enterprises (SMEs) segment is anticipated to register the fastest CAGR of 27.4% over the forecast period. SMEs are widely adopting the BNPL services to maximize their tax deductions. These services help enterprises manage their expenses with flexible repayment options and transparent fees

In terms of end-use, the retail segment dominated the market in 2022 with a revenue share of more than 73% as a result of rising awareness among millennials who are rapidly adopting BNPL services for paying for clothing, electronics, and others

In terms of region, with the presence of a large number of BNPL service providers, the North America region dominated the market in 2022 with a revenue share of more than 29%, and is expected to create growth opportunities for the regional market growth over the forecast period

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Cloud Logistics Market: The global cloud logistics market size was estimated at USD 21.55 billion in 2024 and is projected to grow at a CAGR of 13.9% from 2025 to 2030.

Predictive Dialer Software Market: The global predictive dialer software market size was valued at USD 3.20 billion in 2024 and is expected to grow at a CAGR of 42.3% from 2025 to 2030.

Buy Now Pay Later Market Segmentation

Grand View Research has segmented the global buy now pay later market based on channel, enterprise size, end-use, and region:

Buy Now Pay Later Channel Outlook (Revenue, USD Billion, 2017 - 2030)

Online

POS

Buy Now Pay Later Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

Large Enterprises

Small & Medium Enterprises

Buy Now Pay Later End-use Outlook (Revenue, USD Billion, 2017 - 2030)

Retail

Consumer Electronics

Fashion & Garment

Others

Healthcare

Leisure & Entertainment

Automotive

Others

Buy Now Pay Later Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Europe

Germany

UK

Sweden

Asia Pacific

China

India

Japan

South Korea

Australia

Latin America

Brazil

Mexico

Middle East & Africa

UAE

Kingdom Saudi Arabia (KSA)

South Africa

Order a free sample PDF of the Buy Now Pay Later Market Intelligence Study, published by Grand View Research.

[nkseo]

The Impact of Artificial Intelligence on Indian Startups

Artificial Intelligence (AI) is more than just a buzzword; it's a transformative force reshaping industries worldwide. In India, where the startup ecosystem is thriving, AI is driving innovation, enhancing operational efficiency, and unlocking new business models. Let’s explore how AI is making waves in Indian startups, the challenges they face, and the future potential of this technology.

AI: The Game Changer for Startups

In recent years, the Indian startup landscape has witnessed an explosion of AI-driven solutions across various sectors, including healthcare, finance, agriculture, and e-commerce. The rise of AI technologies is enabling startups to automate processes, make data-driven decisions, and provide personalized experiences to customers.

1. Enhancing Decision-Making with Data Insights

Startups thrive on data. With the advent of AI, the ability to analyze large volumes of data in real time has become a game-changer. AI algorithms can sift through vast datasets to identify trends, customer preferences, and market demands, empowering startups to make informed decisions swiftly.

For instance, companies like ZestMoney leverage AI to assess creditworthiness based on alternative data sources, enabling them to offer loans to customers who may not have a traditional credit history. This not only broadens their customer base but also minimizes risk by using predictive analytics to gauge repayment capabilities.

2. Personalizing Customer Experiences

In today’s competitive market, personalized customer experiences are essential. AI enables startups to analyze user behavior and tailor their offerings accordingly. Through machine learning algorithms, businesses can predict what products or services customers are likely to be interested in, leading to higher conversion rates.

Consider Nykaa, a beauty and wellness e-commerce platform. By employing AI-driven recommendation engines, Nykaa personalizes shopping experiences based on user preferences and browsing history. This level of personalization fosters customer loyalty and boosts sales, setting a standard for others in the industry.

3. Streamlining Operations and Reducing Costs

Operational efficiency is crucial for the survival of any startup. AI can automate repetitive tasks, freeing up valuable time and resources. From automating customer service queries using chatbots to optimizing supply chain logistics, AI solutions streamline operations and significantly cut costs.

Take Licious, an online meat delivery startup, as an example. By utilizing AI to predict demand and optimize inventory, Licious has managed to reduce waste and ensure that customers receive fresh products. This efficiency not only enhances customer satisfaction but also improves profitability.

4. Revolutionizing Healthcare Delivery

AI's impact on healthcare startups in India is particularly noteworthy. With the healthcare sector embracing technology, startups are leveraging AI to provide innovative solutions for diagnostics, treatment, and patient management.

Niramai, a health tech startup, uses AI-powered thermal imaging to detect early signs of breast cancer. By providing a non-invasive and accurate screening method, Niramai is revolutionizing cancer detection in India, making healthcare more accessible and affordable.

5. Transforming Agriculture with Precision Farming

In a country where agriculture forms the backbone of the economy, AI is helping farmers increase productivity and sustainability. Startups like AgroStar are using AI to provide farmers with personalized advice on crop management, pest control, and weather forecasting.

By analyzing data from multiple sources, AgroStar helps farmers make informed decisions, ultimately leading to better yields and reduced costs. This application of AI not only empowers farmers but also contributes to food security in India.

6. Fostering Innovation in Financial Services

The fintech revolution in India is largely fueled by AI. Startups in this sector are using AI to streamline processes, enhance security, and offer personalized financial products.

For example, Razorpay, a payment gateway startup, employs AI to detect fraudulent transactions in real time, ensuring secure payments for businesses. This not only builds trust among users but also sets a precedent for security in the fintech space.

Challenges on the AI Journey

While the benefits of AI are immense, Indian startups face several challenges in adopting this technology. One major hurdle is the lack of skilled talent. AI requires expertise in data science, machine learning, and software development, and there is a significant skill gap in the market.

Furthermore, data privacy concerns are rising as more startups collect and analyze user data. Compliance with regulations like the General Data Protection Regulation (GDPR) and India's proposed Personal Data Protection Bill is crucial for maintaining consumer trust.

The Road Ahead: Embracing AI in the Startup Ecosystem

The future of AI in Indian startups looks promising. As more businesses recognize the potential of AI, investment in AI-driven solutions will likely surge. According to a report by NASSCOM, the AI market in India is expected to reach $7.8 billion by 2025, with startups playing a pivotal role in this growth.

To harness the full potential of AI, startups must focus on continuous learning and development. Collaborations with educational institutions, participation in AI research, and leveraging global expertise can help bridge the skill gap.

Conclusion: A Bright Future Ahead

Artificial Intelligence is undeniably a catalyst for growth in the Indian startup ecosystem. From enhancing decision-making and personalizing customer experiences to streamlining operations and revolutionizing sectors like healthcare and agriculture, the impact of AI is profound.

As startups navigate the challenges of AI adoption, the emphasis should be on ethical practices, skill development, and innovative thinking. With the right approach, Indian startups can not only thrive in the AI landscape but also contribute significantly to the global technological revolution.

For more insights into the dynamic world of Indian startups and the influence of technology, visit Your India. The journey of innovation is just beginning, and the possibilities are endless.

[sawtelghad]

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[namanrohilla]

Can Fintech Disrupt Traditional Banks? The Battle for Borrowers in India's Digital Lending Market

The digital lending market is experiencing a meteoric rise across the globe, and India is no exception. Fueled by growing smartphone penetration, increasing internet access, and a young, tech-savvy population, India's digital lending market is poised for exponential growth. This blog delves into the heart of this dynamic market, exploring its size, key players, and future trends using compelling statistics.

Market Size: A Booming Landscape

Let's begin by establishing the sheer scale of the digital lending market. According to a report, the Indian digital consumer lending market is projected to surpass a staggering USD 720 billion by 2030, representing nearly 55% of the total digital lending market opportunity in the country. This translates to a Compound Annual Growth Rate (CAGR) of a robust 22%, signifying the rapid expansion of this market segment.

Global Context: A Flourishing Ecosystem

The global digital lending platform market size is projected to reach a colossal USD 40.02 billion by 2028, with a CAGR of 21.7%. This growth is driven by factors like:

Financial Inclusion: Digital lending platforms offer a wider range of credit options to previously underserved populations, fostering financial inclusion.

Convenience and Efficiency: The streamlined application process and quicker loan approvals associated with digital lending platforms attract borrowers seeking faster access to credit.

Data-Driven Decision-Making: Lenders leverage alternative data sources and advanced analytics to assess creditworthiness, expanding the reach of financial services.

Digital Lending Market in India

While the global market thrives, India presents a unique landscape with its own set of characteristics:

Market Share: Despite the rapid growth, digital lending still holds a relatively smaller market share compared to traditional lending institutions in India. However, this is expected to change as digital platforms gain wider acceptance and trust.

Factors Driving Growth: India's vast unbanked population, increasing smartphone penetration, and government initiatives promoting digital financial services are all contributing to the surge in digital lending.

Digital Lending Platform Market: Major Players

The Indian digital lending platform market boasts a diverse range of players, each vying for a share of this burgeoning market. Here are some of the prominent names:

Paytm: A leading digital payments platform, Paytm offers various loan products such as personal loans, microloans, and merchant loans.

Bajaj Finserv: A well-established financial services company, Bajaj Finserv provides a range of loan products through its digital platform.

ZestMoney: This fintech company specializes in providing consumer credit for online and offline purchases, catering to a specific market segment.

Capital Float: Another prominent player, Capital Float offers SME lending solutions through its digital platform.

Market Trends

The digital lending market is constantly evolving, with several key trends influencing its future direction:

Focus on Artificial Intelligence (AI) and Machine Learning (ML): Lenders are increasingly adopting AI and ML to automate processes, personalize loan offers, and improve risk management.

Regulatory Framework and Consumer Protection: The development of a robust regulatory framework will be crucial for ensuring consumer protection and building trust in the digital lending ecosystem.

Collaboration Between Traditional Banks and Fintech Companies: Partnerships between established banks and innovative fintech companies can leverage the strengths of each entity to further propel market growth.

Expansion of Product Offerings: The introduction of new loan products tailored to specific needs, such as education loans or loans for small businesses, will cater to a wider range of borrowers.

Embracing Innovation and Building Trust

The future of the digital loans market in India is bright. By embracing technological advancements, fostering innovation, and prioritizing consumer protection, all stakeholders can contribute to a sustainable and inclusive digital lending ecosystem.

Here are some key takeaways:

For Borrowers: Conduct thorough research, understand loan terms and conditions carefully, and choose a reputable lending platform.

For Lenders: Develop responsible lending practices, prioritize data security, and build trust with borrowers.

For Regulators: Implement regulations that promote innovation while safeguarding consumer interests.

The online loans market in India holds immense potential to transform the financial landscape. By leveraging data, technology, and collaborative efforts, we can create a future where access to credit is easier, faster, and more inclusive for all.

Collaboration and a Shared Vision

The future of the market in India hinges on collaboration between various stakeholders:

Fintech and Traditional Banks: Partnerships can leverage the strengths of both entities - fintechs' agility and banks' established infrastructure - to create a robust and inclusive lending ecosystem.

Government and Regulatory Bodies: Collaboration can foster innovation while ensuring responsible lending practices and consumer protection.

Financial Literacy Initiatives: Educating borrowers about responsible borrowing and the risks associated with digital loans is crucial for building trust and promoting financial inclusion.

Conclusion

The digital lending market in India is on a transformative journey. By harnessing the power of data and technology, prioritizing responsible lending practices, and fostering collaboration, all stakeholders can work toward a future where digital lending empowers individuals and businesses, fostering financial inclusion and propelling India's economic growth. The digital lending revolution is here to stay, and with careful planning and collaboration, it has the potential to unlock a brighter financial future for millions in India.

[tactyqal]

India’s buy-now-pay-later (BNPL) sector has seen tremendous growth recently. The idea of paying for purchases…

[techrookies]

Goldman Sachs-backed ZestMoney, once valued at $450M, to shut down

ZestMoney, a buy now pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors including Goldman Sachs, is shutting down following unsuccessful efforts to find a buyer. The Bengaluru-headquartered startup — which also identified PayU, Quona, Zip, Omidyar Network and Ribbit Capital among its backers — employed about…

[globallancers]

RBI Guidelines Decoded: Navigating the Path to Financial Compliance

Step into the realm of possibilities, where India stands poised on the edge of an extraordinary digital transformation. As the country embraces disruptive change across every industry, the recognition of a crucial need emerges – the advancement of India's digital infrastructure in the financial sector. This pursuit is not just about enhancing usability, interoperability, and accessibility; it signifies a synchronised dance with the global trend of embracing change. The Economic Survey of 2023 echoes this sentiment, revealing how digital advancements are propelling India's economic growth, fueling the ambition to achieve a remarkable $1 trillion digital economy by 2025. However, within this era of immense potential, the fintech sector finds itself navigating a surge of regulatory measures and compliance requirements. Let's find out more about this regulation and guidelines to get a never grip at this matter: 

The RBI's FLDG Guidelines: A New Era for Digital Lending

The Reserve Bank of India (RBI) recently released new guidelines for Financial Legal Development Guidelines (FLDG) arrangements in digital lending. This is a significant development, as it has the potential to expand the reach of digital lending and make it more accessible to borrowers.

FLDG is a lending arrangement between a bank or non-banking financial company (NBFC) and a fintech lender. Under an FLDG arrangement, the fintech lender agrees to compensate the bank or NBFC for a certain percentage of the losses incurred in the event of a loan default. This helps to mitigate the risk for the bank or NBFC, and makes them more willing to lend to borrowers who may not have a traditional credit history.

The RBI's new guidelines set out a number of requirements for FLDG arrangements. These include:

The fintech lender must be registered with the RBI.

The FLDG must be for a maximum of 5% of the loan portfolio.

The fintech lender must have adequate financial resources to support the FLDG.

The FLDG must be backed by a suitable guarantee, such as a bank guarantee or a letter of credit.

The events and circumstances that led to the FLDG regulation include:

The expansion of India's digital lending sector has experienced significant growth in recent years.

The increasing demand for credit from borrowers who may not have a traditional credit history.

The need for a mechanism to mitigate the risk for banks and NBFCs when lending to these borrowers.

The need to improve transparency in the digital lending market.

Examples of How the FLDG guidelines are already being used by banks and NBFCs in India:

IndusInd Bank has partnered with the fintech company Cred to offer FLDG-backed loans to borrowers with low credit scores.

Kotak Mahindra Bank has partnered with the fintech company Lendingkart to offer FLDG-backed loans to small businesses.

HDFC Bank has partnered with the fintech company ZestMoney to offer FLDG-backed loans to borrowers who need money for short-term expenses.

RBI guidelines particularly the FLDG guidelines, marks a significant milestone in the digital lending landscape of India. These regulations aim to foster financial inclusion by providing a mechanism to mitigate risk and support lending to borrowers without traditional credit histories. As India strives to achieve a $1 trillion digital economy, these guidelines become the guiding light for the fintech sector to navigate the path of compliance and seize the immense opportunities that lie ahead. As the wheels of progress turn, the RBI's regulatory framework ensures a robust and inclusive financial ecosystem, fueling India's journey towards prosperous digital transformation solutions.

[technodabhi]

ZestMoney rolls out strategic brand campaign #GameNeverOver

ZestMoney rolls out strategic brand campaign #GameNeverOver

ZestMoney has launched its first gamified ad film as a part of its brand campaign #GameNeverOver. Through this campaign, the company aims to drive awareness among consumers that with their pay in three offerings, the shopping game is never over. Furthermore, ZestMoney introduces its mascot, ZeeGee (The ZestMoney power girl), who tries to drive home the point that having something great is no…

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[ombika2020]

ZestMoney (EMI for Everyone) and Early Salary is now available at www.ombika.com via Razorpay Payment Gateway. We are welcoming now to all ZestMoney and Early Salary Users over the OMBIKA (www.ombika.com) for online shopping for their daily needs. #cardlessemi #zest #zestmoney #razorpay #paymentgateway #emiforeveryone #onlineshoppingviaemi #emiwithoutcreditcard #emifacilityavailableatombika #emioptionavailableatombika #zestmoneyemi #nocostemi #zestmoneyloan #zestmoneyfunding #onlineshoppingusingzestmoney #onlineshoppingstore #onlineshop #onlinestore #ombikalocalecommercemarketplace #ombikanationalecommercemarketplace #IndianOnlineBuyingSellingPlatform #IndianOnlineShoppingPlatform #IndianOnlineSellingPlatform #indianecommerceshoppingstore #LeadingIndianecommercemarketplace #earlysalary #earlysalarycredit #earlysalaryemi (at भारतवर्ष-हिन्दुस्तान-India) https://www.instagram.com/p/CYGuEE5vp1W/?utm_medium=tumblr

[jersey9867]

Buy Your Favorite Apple Products Now & Pay Later Using ZestMoney - Credit Mantri

The Indian consumer market boasts of young buyers who are always on the lookout for ‘buy now pay later’ options while making any big-ticket purchases. As more and more users prefer to buy high-end variants of consumer durables, smartphones, etc., there is a growing need for smart financing solutions that allow buyers to make instant purchases without having to pay the entire value of the product upfront from their pockets. This is where smart AI-driven platforms like ZestMoney come into play.

ZestMoney is India’s leading EMI financing platform which offers ‘Buy Now Pay Later’ solution for young Indian buyers. In the latest offering to consumers, this digital platform has come up with a bonanza for Apple fans. People can purchase their favorite Apple products by using Zest Money's "Pay Later" option. ZestMoney also offers zero cost EMIs, no processing fees and instant credit approval without a card.

Demand for Apple Products during the Covid-19 Era

As the ongoing pandemic has made work from home mandatory for most individuals, there has been a sudden spike in the demand for iPads and MacBook's. Lately, Apple has also been launching many new-age products, such as Apple Watch SE, Apple Watch Series 6, iPad Air, and the iPad 8th generation. 

This has tempted a lot of new-to-credit buyers towards Apple products. The question which then arises is, how can people easily buy these high-end products without worrying about the expenditure?

The answer lies with ZestMoney, as it offers payment solutions for such customers who dream of owning an Apple product but may not have an immediate financial arrangement for buying the same. This consumer-lending fintech company’s objective is to make Apple’s premium tech products affordable for regular Indian consumers. The partnership between ZestMoney and Apple has brought a fresh ray of hope among customers who will now be able to purchase some of the best offerings from Apple by using the flexibility available with Zest Money's Pay Later option.

Zero-Cost EMI for Apple Product Enthusiasts

ZestMoney offers a credit limit to all customers who have completed digital KYC (online or physically in-store). Customers can then choose a repayment plan that suits their requirement while making the purchase. The best part of the scheme is that there is no manual intervention required for availing this service since it is entirely digital.

There are multiple “Zero-cost” EMI schemes designed by ZestMoney, in association with Apple. Customers can easily purchase newly launched Apple products, such as iPhone 12 with the help of these schemes. Customers who have limited or no credit history can also make the most of these schemes.

The Buy Now, Pay Later scheme helps customers in planning their finances well and utilize their income appropriately during challenging times. There is a significant demand seen in Tier II and III cities for Apple products. This demand grows even further as the festive season approaches.

To know more about zest money's buy now pay later scheme