CURRENT AFFAIRS

Detailed explanation-1: -Indipaisa partners with NSDL Payments Bank to launch a new Fintech platform targeting India’s flourishing 63 million SME sector - The Economic Times.

Detailed explanation-2: -Deutsche Bank + Traxpay Thus, the bank partnered with Traxpay – a German fintech company that offers discounting and reverse factoring solutions for its corporate clients. This collaboration now enables the bank to play a leading role in supply chain financing across the globe.

Detailed explanation-3: -Nebil Ben Aissa, Founder and Chairman of Indipaisa said, “I have always been impressed and fascinated with India; I have been investing in India since the early 2000s (more than 20 years ago), and I am very impressed with the social impact made by the partnership of Indipaisa.

Detailed explanation-4: -Fintech major Paytm Paytm and HDFC Bank on Monday announced that they have entered into a strategic partnership. The partnership is aimed to drive innovative digital solutions for financial transformation in the country by combining their strengths in the banking, lending and digital payments space.

Detailed explanation-5: -NSDL Payments Bank Limited commences operations National Securities Depository Limited, Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.