To further cater to small businesses, he said, the company will soon foray into merchant cash advances (MCA) to help small businesses to meet their working capital requirement.
Many small business are still out of bounds of formal credit, he said, adding that this space is available to NBFCs (non-banking financial companies).
"There are many small business which do not get loans from banks and NBFCs so we are launching product for these entities later this month," he said.
All the necessary approvals are in place for the roll out of the MCA business, he added.
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