India is no longer holding back from leveraging latest tech to simplify financial Services. The current ecosystem comprises of fintech players like digital payment service providers, lending platforms, technology pioneers bridging the gaps in access to various financial services for the masses across the length and breadth of India.
Such platforms are mainly backed with technologies like artificial intelligence, big data, which are rapidly proving their value across the industries. It helps in improving the results by applying methods derived from aspects of human Intelligence at a beyond human scale.
With a vision to enhance and for a frictionless experience for the user enclosed below are few fintech facilitators redefining the industry.
ToneTag: ToneTag a secured global technology solution provider which through sound wave technology enables payments and proximity customer engagement services on any device, independent of the instrument or infrastructure. It has enhanced the customer experience across different avenues be it payments, retail, and mobility. The USP lies in enabling any device with the voice-capture capability to accept sound-based payments or exchange any information securely as required – including automated toll payments and parking charges. The technology can also enable cardless and contactless cash withdrawal from ATMs. ToneTag has the largest sound wave based network on the planet with 3.1 lakh merchant base & 55 million user base.
Spice Money: Spice Money is a tech-enabled hyper-local payments player offering cash-in & cash-out, Spice mini ATM, bill payments, airtime recharge and mPoS services. With a deep presence in ‘Bharat’, they have dense footprints in BIMARU region, comprising the states of Bihar, Jharkhand, Madhya Pradesh, Rajasthan, Chhattisgarh & Uttar Pradesh; accounting for 50% of India’s population. Spice Money through its latest technology and wide network of Spicemoney agent is bridging the gaps in access to various financial services for the masses across the length and breadth of India.
Indifi: Technologies is a debt-financing platform which facilitates SME lending with a focus on customer-product fit. The key innovation in the approach that Indifi is bringing to the market is to design and deliver credit products basis the kind of business the MSME is in. This industry verticalization brings unique benefits to the customer as product design fits into the business cash flows of the MSME. Indifi has successfully contributed in bridging the gap in SME financing with a perfect amalgamation of technology and access to data; enabling seamless access to funding with flexible repayment options for start-ups and small businesses.
RazorPay: Razorpay is a payments solution in India which allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, net banking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp
