Paytm has expanded Paytm Postpaid facility to offline retail outlets and neighborhood kirana shops.

The global fintech challenge aims to offer solutions that can help financial institutions grapple with the existential threats posed by COVID-19 and climate change.

Paytm ties up with Non-bank financial institutions (NBFCs) to use past-transaction data to assign credit limits for loans for daily purchases of grocery, retail goods.

Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.

Supported by J.P. Morgan, the program will provide immediate relief and longer-term recovery support to 3,500 women entrepreneurs running microenterprises.

The aim is to make early-stage fintechs more visible to investors and others who can help them grow and have a noticeable impact on the more than three billion financially underserved people.

The UK-based company shuttered its India business on 13 April as 10 out of 14 lending partners withdrew their products within three days of the launch of a nationwide lockdown.

With the backdrop of the global COVID-19 pandemic, the need for new and evolving digital payment services has become even more urgent.

Digital payments saw a revival in May, after the government granted some relaxation during the third and fourth phases of the lockdown.

In light of the COVID-19 pandemic, FTSI, an independent provider of branch and digital transformation solutions for financial institutions, has introduced a new product, Smart Lockers for Banking.