Card-based fintechs switch to plan B for biz continuity

​Several fintech firms have reached out to leading banks to explore alternative credit models, sources told ET. These include opening a bank account — plus an add-on debit card — with lenders to disburse loans, issuing co-branded credit cards instead of PPIs and disbursing the credit as cash directly into a customer’s existing bank account.

from Tech-Economic Times https://ift.tt/A0b5wqH