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

Daily Current Affairs / BranchX Becomes India’s First Neobank to Launch ONDC Loans for Financial Inclusion

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Category : Business and economics Published on: July 19 2024

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BranchX, a leading neobank innovator, has launched India's first personal loan solution through the Open Network for Digital Commerce (ONDC), revolutionizing financial access across the nation.
The initiative aims to enhance financial inclusion for India’s 1.4 billion people, particularly targeting the emerging middle class, young professionals, small business owners, and entrepreneurs.
BranchX's personal loan solution offers a paperless experience, addressing the hurdles often faced in obtaining loans through traditional routes.

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