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In 2011, global PE firm Kohlberg Kravis Roberts and International Finance Corporation, an arm of the World Bank Group, invested about $100 million in the company. [9] In 2012, the company acquired GE Money Housing Finance and the home equity loan portfolio of GE Money Financial Services from GE Capital India. [10]
NPCI Bharat BillPay Limited (NBBL) doing business as Bharat Connect, and formerly named Bharat Bill Payment System (BBPS) [1] is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered members as Agent Institutions (AI), enabling multiple payment modes, and providing instant confirmation of ...
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National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
PhonePe Type of business Private Type of site Digital payments & Financial services Available in Multilingual (11) Founded 2015 ; 10 years ago (2015) Headquarters Salarpuria Softzone, Bengaluru, Karnataka, India Area served India Founder(s) Sameer Nigam (Co-Founder & CEO) Rahul Chari (Co-Founder & CTO) Burzin Engineer (Co-Founder & CRO) Industry Fintech, Financial services, Payment gateway ...
Maharashtra State Financial Corporation (MSFC) is the term lending development financial institution in Maharashtra state in India. It provides finance to small and medium scale enterprises. It was set up by Government of Maharashtra in 1962. [1]
Infibeam Avenues was established in 2007 by Vishal Mehta. [8] The company was listed on the BSE and the NSE in 2016.. It provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – GeM and JioMart.
The use of demonetised banknotes was allowed for the payment of municipal and local civic body taxes, leading to a jump in their revenue collections. For example, the Greater Hyderabad Municipal Corporation reported collecting about ₹1.6 billion in cash payments of outstanding and advance taxes within the first four days of demonetisation. [91]