Global FinTech Hackcelerator Finalist
Category: financial inclusion
There are 60+ million micro-merchants in India and less than 2% have access to digital payments and institutional capital. ftcash is one of India’s fast growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of digital payments and loans, only using a bank account and a feature phone. Incubated by PayPal and MasterCard, ftcash aggregates all payment methods including credit/debit cards, net banking, various mobile wallets, UPI etc. to create an open platform for merchants to initiate digital payments in less than 5 minutes. Additionally, ftcash creates unique and proprietary transactional data which can be leveraged to provide institutional finance to these merchants.