The new kid on the block in India’s banking system has surprised many with the speed at it which it took banking to the unbanked — seven million and counting in just three years. Bandhan Bank has managed this by levaraging its vast experience in the microfinance space.
The CDFI’s strategic innovations track delivery of entitlements to beneficiaries and help engage with the excluded millions using mobile-based tools.
Its mission is to enable easy access to capital for small businesses. By developing a unique risk-assessment methodology, it is in a position to offer term loans and working capital funding up to ₹15 lakh without collateral security.
One of the largest payment solutions providers in India, Oxigen Services has established a payment ecosystem that uses mobile technology to deliver payments and remittances in real time.
It is India’s largest mobile payments and commerce platform. It has over 280 million registered users and has even started its own online marketplace.
