PayPoint India, a technology-enabled
Distribution network of financial services, signed Lead generation agreements’ with 12 financial Institutions viz, Punjab National Bank, ICICI Bank, Deutsche Bank, and Non-Banking Finance Companies (NBFCs) such as Bajaj Housing, Piramal Housing, and Hero Fincorp, among Others.
•Objective: To assist with loans to the Underserved using technology, and to Generate leads for housing, personal and Business loans through the partnership with Banks and NBFCs.
•Under the agreement, PayPoint India will help The financial institutions to get access to the Remote locations where they are unable to Reach on their own, and provide capital.
•As per RBI data, under the loan category of Rs 1-10 lakh, businesses have borrowed only Around Rs 94,000 crore (low when compared With the Gross Domestic Product (GDP) of India), hence PayPoint India intends to Address the gap.
About PayPoint India:
Headquarters – Mumbai, Maharashtra
MD – Ketan C. Doshi