Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • BNI Greater Surat’s Business Conclave To Attract Over 10,000 Participants Business
  • Futuristic CCTV Technology by Infinova, revolutionizing the Surveillance process in 2023 and the years ahead! Technology
  • Integrated Industries Ltd Announces New Product Launch by Subsidiary Nurture Well Foods Private Limited Lifestyle
  • Revolutionize Business Success with RSoft’s Salez Robot – AI-Powered CRM for Modern Industries Business
  • IIMA Endowment Fund wins Excellence in Finance Innovation – New Market Development Award Business
  • Ashish Kacholia, Asha Mukul Agrawal acquired major equity share in Concord Control Systems Business
  • Sustainability Reporting and Its Increasing Impact on Asia Business
  • Book ‘The Khan of Khel Khudaai’ Launched – A Compelling Fictionalized Account of the Current Geo-politics Lifestyle

BranchX Becomes India’s First Neobank to Launch ONDC Loans for Financial Inclusion

Posted on July 10, 2024 By

Bangalore (Karnataka) [India], July 10: In a landmark move set to revolutionize financial access across India, BranchX, a leading neobank innovator, has launched the nation’s first personal loan solution through the Open Network for Digital Commerce (ONDC). This initiative marks a significant step towards financial inclusion for India’s 1.4 billion people, particularly targeting the emerging middle class, young professionals, small business owners, and entrepreneurs who often face hurdles in obtaining loans from traditional routes replaced with a paperless experience. 

The ONDC framework, an initiative by the Indian government to democratize digital commerce, forms the backbone of BranchX’s cutting-edge lending solution. BranchX’s personal loan product stands out with its digital-first approach, ensuring a paperless, transparent process from application to disbursement. This strategy not only improves affordability but also empowers borrowers to manage their finances more swiftly. In addition, BranchX is dedicated to enhancing financial literacy using voice AI Banking, providing customers with educational resources and personalized financial guidance to support informed financial decisions. 

“Our partnership with ONDC highlights our dedication to using breakthrough technologies for the next billion Indians,” said Rajesh Johnny, CEO of BranchX. “By simplifying the lending process and expanding access to credit, we aim to drive economic growth for the previously unbanked communities of Bharat. Next in line is an SME lending product.” 

Co-founder Sajid Jamal emphasized BranchX’s history of innovation in financial services. “BranchX has always been at the forefront of creating unique financial products like the Raja Rani card, which helps families manage expenses together. We also cater to our customers’ financial aspirations through micro-saving products linked to gold investments and even jewellery.” 

With its user-friendly app already serving over 100,000 customers and facilitating $50 million in Gross Transaction Value (GTV) at the enterprise level, BranchX is poised to significantly enhance financial inclusion across India. (To explore BranchX’s innovative financial products, visit the official website or download the app from the Play Store). 

BranchX remains committed to providing voice and AI driven financial solutions for the evolving needs and aspirations of India’s new middle class, fostering a more inclusive financial future for all. Leveraging the Account Aggregator and Digital Public Infrastructure BranchX ensures seamless, paperless journey for loan applicants. 

About BranchX: 

BranchX is a leading fintech neobank dedicated to offering innovative and accessible financial solutions using Voice AI. Through its advanced digital platform, BranchX aims to empower individuals and businesses with the tools they need to achieve financial stability and growth. 

For more information, please contact: [info@branchx.in] 

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business Tags:Business

Post navigation

Previous Post: Three M Paper Boards Ltd’s Rs. 39.83 crore IPO opens on July 12
Next Post: Discover How EasyLearning Transforms Education By Making Learning Easy For Every Student

Related Posts

  • Sejal Glass Delivers 3x Net Profit Growth in FY25 Business
  • GVBL Legends Success Convention 2023: Uniting Global Vysya Business Entrepreneurs for Growth and Collaboration Business
  • Share India Securities Ltd. Reports Stellar Earnings for Q1FY24, PAT Jumps 39% YoY Business
  • FAITTA supports Commerce Ministry and Tea Board’s decision for 100% dust auction move Business
  • AVG Logistics bags long-term contract from Indian Railways for operations of Leased Parcel Express Train Business
  • D7 Events by Akash Goyal Launch an In-House Desi English Band Business

Recent Posts

  • ICAI Pioneers Nationwide MSME Empowerment Drive for ‘Viksit Bharat’
  • Sampre Nutritions Ltd Plans Strategic Fundraising Initiative to Drive Growth and Expansion
  • Rajeev Mahavir’s ‘SUR Music’ Launches in India with Musical Legends and Global Vision
  • Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
  • Breaking the Bollywood Mold: A Film That Honors Hard Work Over Hype

Recent Comments

  • Unknown on Participants Reap Rewards in Wellman’s 8-Week Digital Campaign: IPL Tickets, Autographed Virat Kohli Merchandise, and More!
  • CR Patil and Harsh Sanghavi to Grace IVY Growth’s 21BY72 Startup Summit in Surat on June 15-16 Business
  • Will 2024 bring out the New You? Ilashrei Anand, UNESCO Awardee and renowned Certified Yoga Psychologist, draws a map to realising your dreams Lifestyle
  • My Health, My Right: Piece of Advice from Leading Health Experts on World Health Day 2024 Health
  • Kids Fitness Startup- Xfitkids soon to create gamified version of a Fitness and Nutrition app for kids Business
  • India Plans To Set Up ‘Bharat Park’ In UAE Business
  • Mr Suryaji Kamble, The MD of The Dipankar Group of Companies, Discusses How Managing Risks Is Equal To Strong Returns Business
  • Actor Karishma Raj Soni and serial entrepreneur Rohit Sharma team up to launch exclusive makeup line for UAE and Middle East markets Business
  • A Guide to Study in Australia: A Dream Destination for International Students Education

Copyright © 2025 Daily News India.

Powered by PressBook News WordPress theme