CURRENT AFFAIRS

Detailed explanation-1: -BharatPe has rolled-out its innovative lending product- Distributor to Retailer (D2R) Finance which will focus specifically on empowering Small and Medium Enterprises. Discussion: 1 comments Page 1 of 1.

Detailed explanation-2: -Notes: Leading Fintech company BharatPe has recently launched a new lending product named Distributor to Retailer (D2R) Finance. The product would offer instant liquidity to distributors, wholesalers, traders and dealers.

Detailed explanation-3: -Online lending platforms have revolutionized the SME lending market in India. Companies like Lendingkart, Faircent, Lendbox, SMECorner, and others began as online lending platforms and have since evolved into co-lending or full-fledged NBFC models.

Detailed explanation-4: -“BharatPe” is the trademark of Resilient Innovations Private Limited, a company incorporated under the provisions of the Companies Act, 2013, having its registered office at 3rd Floor Ramnath House Building, 18 Community Centre, Yusuf Sarai New Delhi 110048, India (Company).

Detailed explanation-5: -According to the announcement, BharatPe will continue to expand strategic alliances with banks, financial institutions, and brands with the goal of improving the consumer experience on its POS devices. By March 2023, the company aims to reach $30 billion in total payment volume (TPV) via QR and Swipe.