PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Innovations and Enhancements
Flipkart flips the game with cardless credit. As part of the company’s initiative to build a comprehensive financial services business, Flipkart is offering consumers an instant credit line to buy products on its ecommerce marketplace. And this comes in addition to a possible petition for a non-banking financial company (NBFC) license that will enable a two-part approach to consumer lending. From livemint.
Stripe advances – literally. In an effort to continue its growth toward being businesses’ “go-to financial services partner,” Stripe is testing new cash advance services that would provide funding to its business customers within 1-2 days following the application. Marketing efforts have already commenced under the brand name Advance. From Techcrunch.