Rent Pay as Feature is destroying India
- Fintechs is leveraging Rentpay as feature and the segment is literally booming in both TopLine & BottomLine. Basically Cashing out Credit. Example - Cheq, Cred, Housing, RentGiraffe, BharatNxt(business payments), Freecharge, nobroker etc., - Heard that the Revenues through likes of Rent-pay as a feature in Fintechs is Contributing around 10-40%+ - This is a Grey space. This vertical is turning as positive contribution to the bottom line. - To put things in perspective - Cheq does XXX crores(triple digit) volumes in Rent payments monthly through CC. - Many making around ~30-40 Basis points post all the processing costs. - Also, Some Credit cards underwriters (example - RBL) have started charging additionally 1% surcharge in the Monthly Bill Statement. - Most of Credit Card issuers removed reward points in this kind of cashing out payments. - Below picture show how this segment of Grey Space is booming on the streets. This picture is taken in Koramanagala Any Thoughts ?!
Hibernate
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4 months ago
RickSanchezRD
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RickSanchezRD
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4 months ago