IIFL Finance offer loan services to MSMEs on WhatsApp
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New Delhi, Nov. 15 -- For the purpose of disbursing loans through WhatsApp categorically for MSMEs, the Retail-focused non-banking financial company (NBFC) IIFL Finance has adopted the Account Aggregator (AA) framework by the Reserve Bank of India (RBI).
According to the information given by the company, the IIFL's Whatsapp number is enable through the AA service to provide credit under its existing offering of providing up to INR 10 lakh loan.
It was launched almost a month ago and has accounted more than 1 lakh users within just a month.
The finance company is planning to enhance and cater the large undeserved sector with the help of its AA Service.
"WhatsApp is one of the most powerful tools to communicate with users, especially fo...
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