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Fintech Digest: Zoomcar, MobiKwik, and Aye Finance

Zoomcar users can now pay with Paytm

Zoomcar users will now be able to make payment via Paytm across Zoomcar self-drive cars, Pedl – cycle sharing service and ZAP.  Currently, Zoomcar has a payment integration with Paytm where all payments are processed through Paytm payment solutions.  As of now Zoomcar was accepting payments by credit cards, debit cards and netbanking, and it does not accept American Express Cards and cash.

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MobiKwik activates services on Bharat Bill Payments System

MobiKwik now allow its users to pay their utility and convenience bills using via the platform as it has integrated its payment services with National Payments Corporation of India’s (NPCI) Bharat Bill Payments System (BBPS), and will also soon launch as Bharat Bill Payments Operating Unit (BBPOU), reports news agency ANI. BBPS will initially cover utility services such as electricity, water, gas, telephone and Direct-to-Home (DTH) etc.

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Aye Finance raises Rs25cr from three investors

A Gurgaon based money lending startup Aye Finance has raised Rs 25 Cr through a securitization deal from three investors including Hinduja Leyland Finance and Intellegrow. The company offers working/fixed capital loans, term loans, and other micro business loans focused on SMEs. Aye claimes to have disbursed around Rs 500 crore to 40,000 SMEs and now it aims to disburse Rs 600 Cr by the end of the current financial year.

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