Open APIs from the likes of M2P let fintech startups launch merchandise akin to bank cards, loans, or neobanking with out instantly partnering with a financial institution. Additionally they don’t have to fret about cybersecurity or regulatory compliance. Are M2P and its tech stack bringing an enormous change to India’s fintech panorama?
When Nitin Gupta was all set to roll Uni bank cards final 12 months, he was clear about one factor — the main target must be on the product reasonably than constructing the backend infrastructure. Gupta, who was co-founder and CEO of online-payment gateway PayU from 2011 to 2016, knew that the mixing of the know-how and working it will want the hassle of 15 engineers for nearly six-nine months.“It (constructing the backend infra) won’t have saved us
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