{"id":18607,"date":"2020-07-30T15:00:19","date_gmt":"2020-07-30T15:00:19","guid":{"rendered":"http:\/\/faceinews.com\/?p=18607"},"modified":"2020-07-30T15:00:19","modified_gmt":"2020-07-30T15:00:19","slug":"craft-silicon-and-payu-announce-strategic-association-to-advance-digital-loan-repayment-solutions-for-lending-institutions","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=18607","title":{"rendered":"Craft Silicon and PayU announce strategic association to advance digital loan repayment solutions for lending institutions"},"content":{"rendered":"<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2020\/07\/image004.png\" rel=\"attachment wp-att-18608\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18608\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2020\/07\/image004.png\" alt=\"image004\" width=\"202\" height=\"83\" srcset=\"https:\/\/www.faceinews.com\/wp-content\/uploads\/2020\/07\/image004.png 202w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2020\/07\/image004-200x83.png 200w\" sizes=\"auto, (max-width: 202px) 100vw, 202px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2020\/07\/image001.png\" rel=\"attachment wp-att-18609\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18609\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2020\/07\/image001.png\" alt=\"image001\" width=\"150\" height=\"76\" \/><\/a><\/p>\n<p align=\"center\">\n<p align=\"center\">\n<p align=\"center\"><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p align=\"center\"><b>Craft Silicon\u00a0 and PayU announce strategic association to advance digital loan repayment solutions for lending institutions<u><\/u><u><\/u><\/b><\/p>\n<p align=\"center\"><i>Partnership to offer affordable and safer repayment options for customers during Covid-19 pandemic<u><\/u><u><\/u><\/i><\/p>\n<p><b>Chennai July 30, 2020<\/b>:\u00a0<a href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__www.craftsilicon.com_&amp;d=DwMFAg&amp;c=qwStF0e4-YFyvjCeML3ehA&amp;r=Wqf0kU8PGAbjbC2iD2dU74XZKc-KMNOI_RJnmwmRTAU&amp;m=HoqE5nV28ZDVvAWQrTJRa7dOULgXbilUl7kiSWKfTKw&amp;s=5RZgxRxHnQL2pTk11oUa2KjYgpk5CMoQehN8MQi9jEo&amp;e=\" target=\"_blank\" rel=\"noreferrer noreferrer noreferrer noreferrer noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/urldefense.proofpoint.com\/v2\/url?u%3Dhttps-3A__www.craftsilicon.com_%26d%3DDwMFAg%26c%3DqwStF0e4-YFyvjCeML3ehA%26r%3DWqf0kU8PGAbjbC2iD2dU74XZKc-KMNOI_RJnmwmRTAU%26m%3DHoqE5nV28ZDVvAWQrTJRa7dOULgXbilUl7kiSWKfTKw%26s%3D5RZgxRxHnQL2pTk11oUa2KjYgpk5CMoQehN8MQi9jEo%26e%3D&amp;source=gmail&amp;ust=1596203358322000&amp;usg=AFQjCNEYkKyZPzvcqV8btfhtjejTRgcZmQ\">Craft Silicon<\/a>, world\u2019s prominent financial software solution provider announces a strategic association with\u00a0<a href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__payu.in_&amp;d=DwMFAg&amp;c=qwStF0e4-YFyvjCeML3ehA&amp;r=Wqf0kU8PGAbjbC2iD2dU74XZKc-KMNOI_RJnmwmRTAU&amp;m=HoqE5nV28ZDVvAWQrTJRa7dOULgXbilUl7kiSWKfTKw&amp;s=RnNDWlkRn-kqrmW5VsABkBiRmGsw8XswYI_r4o_-gY4&amp;e=\" target=\"_blank\" rel=\"noreferrer noreferrer noreferrer noreferrer noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/urldefense.proofpoint.com\/v2\/url?u%3Dhttps-3A__payu.in_%26d%3DDwMFAg%26c%3DqwStF0e4-YFyvjCeML3ehA%26r%3DWqf0kU8PGAbjbC2iD2dU74XZKc-KMNOI_RJnmwmRTAU%26m%3DHoqE5nV28ZDVvAWQrTJRa7dOULgXbilUl7kiSWKfTKw%26s%3DRnNDWlkRn-kqrmW5VsABkBiRmGsw8XswYI_r4o_-gY4%26e%3D&amp;source=gmail&amp;ust=1596203358323000&amp;usg=AFQjCNF5D-zyYLjYtHDOq4erX5BTKmClhg\">PayU<\/a>, India\u2019s leading online payment solutions provider &#8211; to innovate and accelerate digital loan repayment solutions for Small Finance Banks, Micro-Lending institutions and NBFCs. As a result of this association, NBFCs, MFIs and Small Finance Institutions can now offer their customers easy loan repayment solutions on their own mobile applications or through consumer apps of their choice. Through Bharat Bill Payment System (BBPS) and payment gateway integration with PayU, Craft Silicon has enabled loan repayment in a safe and convenient manner for retail consumers, even during social distancing restrictions. The partnership focuses on redefining secured digital payment platform and explores the hybrid possibilities of supporting both cash and cash less loan repayments. Salient benefits include:<u><\/u><u><\/u><\/p>\n<p><u><\/u>\u00a0<u><\/u><\/p>\n<ul type=\"disc\">\n<li><b>Capitalizing on Bharat Bill Payment System (BBPS):\u00a0<\/b>Access to multiple Apps like GPay, PhonePe, BajajPay, PayNearby, Amazon Pay, Airtel Payment Bank, CSC, Paytm, and various mobile banking apps that support BBPS.<b><u><\/u><u><\/u><\/b><\/li>\n<li><b>Enabling Rural India:\u00a0<\/b>Promotes cash-less economy in village areas.<b><u><\/u><u><\/u><\/b><\/li>\n<li><b>One Integration<\/b>: Simple fetch and payment end point to integrate into the lending ecosystem. Pre-integrated with Craft Silicon\u2019s Loan management solution.<b><u><\/u><u><\/u><\/b><\/li>\n<li><b>Reduced Cost:<\/b>\u00a0 Per-transaction affordable pricing model.<b><u><\/u><u><\/u><\/b><\/li>\n<li><b>One Settlement<\/b>: Consolidated settlement across multiple apps and Payment Gateway.<u><\/u><u><\/u><\/li>\n<\/ul>\n<p><u><\/u>\u00a0<u><\/u><\/p>\n<p>As highlighted by\u00a0<b>Siva Kumar, CEO, Craft Silicon Asia<\/b>, \u201cCraft Silicon\u2019s association with PayU maximizes our customers\u2019 collection reach and revenue assurance amid Covid-19 pandemic. This engagement will also help in reduction of cash handling and the operational cost attached with the same.\u201d.<u><\/u><u><\/u><\/p>\n<p><u><\/u>\u00a0<u><\/u><\/p>\n<p><b>Maneesh Goel, CFO, PayU India<\/b>, said \u201cWe are pleased to associate with Craft Silicon and operate as the payment gateway of choice for their vast network of partners. One reason the small and micro credit institution sector is currently under stress is that these institutions typically lend to rural and semi-urban customers and debt collection is manual. Through this partnership, we can ensure more affordable and safer repayment options, in turn ensuring healthier cash flows for these institutions.\u201d<u><\/u><u><\/u><\/p>\n<p><u><\/u><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Craft Silicon\u00a0 and PayU announce strategic association to advance digital loan repayment solutions for lending institutions Partnership to offer affordable and safer repayment options for customers during Covid-19 pandemic Chennai July 30, 2020:\u00a0Craft Silicon, world\u2019s prominent financial software solution provider announces a strategic association with\u00a0PayU, India\u2019s leading online payment solutions provider &#8211; to innovate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18608,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,30],"tags":[],"class_list":["post-18607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18607"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18607\/revisions"}],"predecessor-version":[{"id":18610,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18607\/revisions\/18610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/18608"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}