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BharatPe hopes its banking JV and NBFC license will give the firm an edge against rivals Paytm, Cred and PhonePe. By all accounts, it is reaching Ebitda positive. But in the lending play, this is still a modest success. It has its task cut out.
After the central bank tightened its digital lending guidelines in September, fintech companies have started to acquire small NBFCs or seek NBFC licences.
"The RBI licence will ensure that the business is done in a right way and minimum hygiene is followed while disbursing loans,” Gupta added.
"The RBI licence will ensure that the business is done in a right way and minimum hygiene is followed while disbursing loans,” Gupta added.