The new digital financial technology has not just changed the way money changes hands today but it has disrupted the traditional banking system and brought in a new era where we can do transactions with the click of a button. Not only can we engage in peer to peer lending, paying exact amount to vendors without the hassle of looking for small change, but we can also use blockchain and recurring payment technology. They intensified the system and blurred the boundaries between a fintech and a traditional bank. Here are some top rated fintechs that enable the users to draw maximum benefit of technology and make the most of their money.
Razorpay
This fintech is your one stop solution for all needs be it payment of bills or streamlining transactions and also enables users to get quick loans. It accepts Airtel Money, Mobikwik, credit card, net banking, debit card, Airtel Money and also UPI. This secure payment gateway has become a name that spells safety and assurance when it comes to online transactions. Enabling transaction by customers to business owners, it also enables payment to staff and vendors. So, for those who wish to set up an online business, setting a razorpay account that enables automated as well as direct payments becomes the first step.
Paycorp
A boon for any bank and its customers, Paycorp.io enables automated weekly, bimonthly, as well as every month, quarter and yearly payments. It is most appropriate for businesses that need to make payments to vendors at specific interval of time. Since the process is automated, one never misses deadlines and saves on late fee arrears. The fintech has direct interface with eight banks, which makes same day payments possible. This guaranteed B2B recurring payment auto debit option is also suitable for startups that work with less human resources, as they can make payments with least interventions. Accepting varied payment options – ACH, cards, UPI, link push, WhatsApp and also directly through the website, Paycorp makes banking easier.
LendingKart
This one is for the small business owners or SMEs that need urgent credit to get things rolling. To get traditional loans, it is a tiresome and a long process. However, LendingKart can help you to get instant loans with the help of technology. This non deposit taking NBFC helps the borrower get their loan approved on the basis of their previous history and their promptness in making payments, which is analysed using data points with the help of AI. And you get hassle free working capital financing within no time at all.
Cash Karo
Cash Karo has emerged as India’s largest app that gives out coupons and cashbacks that lead to big savings for consumers. While shopping online, all you have to do is make the payment through their link, which is available on major e-commerce websites be it Amazon, Myntra, MamaEarth, Tata 1 MG, NYKAA etc. They have a tie up with 1,500 sites and can help you buy any type of product, and is trusted by more than 5 million users in India.
Mswipe
Mswipe has become a renowned name when you are looking for stress free financing especially for small and medium sized business owners. They now have a quick and simpler way to access financing options, which are meant for retail stores, paper manufacturers and also small vegetable sellers. With streamlined mobile POS solutions, the business owners have taken a big leap in the direction of truly become a digital nation.
Source: PR Agency
