FinTech: India’s BankBazaar Is IPO-Bound, Sezzle Expands BNPL, Le Monde Hires Stripe, And More

April 8, 2022 | FinTech, News
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News from around FinTech.

BankBazaar.com

India’s BankBazaar.com, an online fintech platform and co-branded credit card issuer, is likely to make a public issue in 2023, according to a report in Times Of India.

Key targets:

  • to recruit over 1,500 new employees for its technology and product expansions
  • have one million co-brand credit cards in circulation within two years
  • tap in to the BNPL market

“We intend that our IPO demonstrates our strong grasp of the fundamentals of the Indian BFSI sector and our tailored solutions that not just bring value to existing investors but also new investors, post-IPO,” says Adhil Shetty, CEO, Bankbazaar.com.

Tata’s Super App

Tata Sons on Thursday launched the Tata Neu super app. Offering a number of services on a single platform the app will be a challenger to entrenched apps such as Jio, PayTM and Amazon.

Tata brands including BigBasket, Air Asia, IHCL, Croma, Starbucks, Qmin, Tata 1Mg, Tata Play, Tata CliQ, and Westside are on the Tata Neu platform. Vistara, Air India, Titan, Tanishq and Tata Motors will soon join the platform.

“Tata Neu is an exciting platform that gathers all our brands into one powerful app. Combining our traditional consumer-first approach with the modern ethos of technology, it is an all-new way to discover the wonderful world of Tata,” said Tata Sons Chairman N Chandrasekaran. (CNBCTV18)

Adyen, iPhones and Tap-to-Pay

Global fintech platform Adyen (AMS: ADYEN) is working with Apple (NASDAQ: AAPL) to offer Tap to Pay on iPhone for its U.S. customers later this year. The solution allows Adyen’s U.S. customers to use their iPhones to accept contactless payments, without the need to purchase or manage additional hardware or payment terminals.

“With many businesses increasingly equipping their employees with iPhones to better serve their shoppers, this product will further streamline the checkout processes for shoppers,” said Kamran Zaki, COO at Adyen. “This builds on our longstanding support for Apple Pay since 2014 which we enable for online and in-store transactions globally. We’re excited to continue working with Apple to enable another easy and secure payment solution with Tap to Pay on iPhone.” (Adyen)

Sezzle Canada expands its BNPL footprint

BNPL provider Sezzle (ASX: SZL) has expanded the reach of its Pay-in-4 service to a wider list of retailers even if those stores don’t have a relationship with the Company.

“Given our growing user base, we are thrilled to extend purchasing power to shoppers at an array of well-known retailers in which the Company is not in direct partnership,” said Sezzle Canada GM, Patrick Chan. “For those retailers, Sezzle is delivering new customers and incremental sales, so it’s a win-win.” (Newswire.CA)

Le Monde banks on Stripe for powering subscriptions

Le Monde has chosen Stripe to support its digital subscriptions as it expands into new international markets. The French newspaper will begin publishing English-language articles and an international daily newsletter for its growing digital readership.

Le Monde will use Stripe’s financial infrastructure to manage its global digital subscriptions through a single, frictionless payments platform.

“To reach our goal of one million subscribers by 2025, we need a payments partner that has ambition, accessibility, and global reach,” said Louis Dreyfus, chief executive officer of Le Monde. “With Stripe, we’re able to expand easily and quickly, simplifying subscriptions for us and our readers.” (Stripe)

Related Story: FinTech – Discover’s Checking Account, The Uber Super App, And White Label BNPL

Image Credit: Flickr

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