10 young fintech start-ups playing with disruptive tech in India

FRS Labs start-up has been providing fraud, risk, security services since 2010, reports Tech In Asia

A fintech transformation is under way in India. It began with the government working with tech evangelists to lay out the infrastructure: a biometrics-based Aadhaar ID for every citizen to enable authentication, and a unified payments interface (UPI) to simplify money transfer. Here are the ten potential disruptors:
 
Fingpay
Fingpay uses Aadhaar ID and biometric authentication to let merchants accepts digital payments even from customers who don’t have a card or wallet.
 
AnyTimeLoan
AnyTimeLoan provides short-term unsecured loans to needy people. Loans of Rs 1,000 – 60 are given for 1 to 90 days.