Protean, PayNearby to democratise credit through ONDC

0
168
Protean, PayNearby to democratise credit through ONDC
Protean, PayNearby to democratise credit through ONDC

In this partnership, through PayNearby’s distribution-as-a-service (DaaS) network, Protean will serve as an ONDC technology service provider that facilitates the availability of credit for last-mile borrowers across the country

Protean eGov Technologies and PayNearby have partnered to make credit services more accessible and affordable for Indians leveraging the ONDC network.

In this partnership, through PayNearby’s distribution-as-a-service (DaaS) network, Protean will serve as an ONDC technology service provider that facilitates the availability of credit for last-mile borrowers across the country.

The partnership aims to broaden credit access for India and Bharat by making this service available through more than 12 lakh active PayNearby outlets. Driving breakthroughs in the way India and Bharat lend, smart data modelling and Account Aggregators (AA) will ensure credit extension to new-to-credit underserved citizens.

To give citizens and businesses the convenience of choice and affordability, Protean will also aggregate multiple loan service providers (LSPs) onto a single platform.

Also readRealizing the Benefits of Hybrid IT: A Look at Successful Implementations with Automation and Orchestration

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics