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5 BaaS Platforms to Transform India's Financial Services in 2023
Entrepreneur magazine
|March 2023
Traditional banking and financial institutions have been disrupted by FinTech remarkably in the past decade.
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We are witnessing the FinTech Sector taking center stage. Advancements are driving the evolution of the Industry in technologies like automation, data science, and Artificial Intelligence. One of its major disruptive elements is BaaS. Banking as a service (BaaS) enables banks to integrate digital banking services with non-banking businesses, empowering fintech and other nonbanking companies to offer banking services such as debit cards, loans, and payment services.
Here are five BaaS platforms from different sectors in India that are scaling up the level of financial services, making them fitting for consumers:
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