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Tag: GST based lending

GST Based Lending for E-Commerce Businesses: Opportunities & Challenges

GST based lending

Small businesses in the e-commerce space often find it hard to access credit through traditional channels. Most lack fixed assets for collateral or a long credit history. However, with the introduction of Goods and Services Tax (GST), a new avenue …

Open Financial Technologies Pvt Ltd,

Tower 2, 3rd floor, RGA Tech Park,

Sarjapur Road, Bengaluru

Karnataka – 560035

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“Open is a technology platform – it is not a bank and does not hold or claim to hold a banking license. The business current accounts, VISA corporate cards, business loans and other similar banking services/financial services offered on the Open platform are provided by RBI-licensed banks and financial institutions. All funds in the Open powered business current account are insured as per limits prescribed under the RBI’s deposit insurance scheme. The banking services/financial services offered on the Open platform are powered by our partner banks/financial institutions and follows all security standards and legal requirements prescribed by the partner bank/financial institution, in accordance with extant RBI regulations.”

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