Project Design – Artdeko BG http://artdeko-bg.com/ Fri, 20 Aug 2021 05:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://artdeko-bg.com/wp-content/uploads/2021/07/artdeko-bg-icon-150x150.jpg Project Design – Artdeko BG http://artdeko-bg.com/ 32 32 Get an Online Payday loan in Brampton Now! https://artdeko-bg.com/brampton-payday-loans/ https://artdeko-bg.com/brampton-payday-loans/#respond Fri, 13 Aug 2021 06:25:07 +0000 https://artdeko-bg.com/?p=221 Brampton residents search for solutions when they are facing tough times. People with good credit are eligible for personal loans. Others, however, may not be able to get a personal loan. Payday loans help with this problem just check their website for more information. How The Application Works It can be confusing to apply for a payday loan […]]]>

Brampton residents search for solutions when they are facing tough times. People with good credit are eligible for personal loans. Others, however, may not be able to get a personal loan. Payday loans help with this problem just check their website for more information.

How The Application Works

It can be confusing to apply for a payday loan in Brampton if this is your first time. Let’s go over some of the features you can expect to receive when you apply for a payday advance online.

In Minutes, You Can Apply

A payday loan can be applied for from your home thanks to modern tech. Bampton residents can apply for a payday loan online without having to meet with someone else about their finances. Instead, you will need to access your Internet connection to fill out the application.

This makes it easy for busy people, who may not have the time to complete their application or are on the move, to access their loan online. Instead, online payday loan applications can be completed quickly and are available 24/7, seven days per week. Our customers can be found anywhere in Ontario.

Your Work Hours Don’t Matter

You can also benefit from this online application if you work night shifts in Brampton or hold multiple jobs. You don’t have to be at work to apply online for a payday lender if you aren’t available during normal business hours. GreenDay OnlineLoans offers the best online payday loans because we accept pension, welfare and disability cheques.

The online application for a payday loan takes approximately five minutes. It doesn’t make a difference what time you fill the form, where your location is or what amount of an online loan you are applying for.

You can get a nearly instant approval

Online payday loans are available in Brampton. It is essential to get approved quickly. Acceptance for online payday loans is usually as fast as the application.

You can apply online anytime, any day, and receive approval. It takes only 30 minutes for the entire loan process, including application, acceptance, and transfer of funds. It’s usually much easier to apply on weekdays than on weekends.

GreenDay Online Loans isn’t able to run credit checks. We also do not require any documents to be mailed over, emailed over, or faxed. You can call customer service anytime you want or need any assistance with the process. However, it’s not necessary to talk to them if that’s what you prefer.

To make the process as quick and painless as possible, we reduce the amount of paperwork and legal hurdles. Brampton residents may be able to get financial aid quickly by applying for a payday advance.

Receive the funds into your Bank Account

GreenDay Online Loans provides online payday loans Brampton, with amounts between $100-$1,500. We will take your pay to determine the amount of money that we can loan. You will receive an electronic transfer fund that allows you to deposit any amount you are approved.

Payday loans can be used to fund financial emergencies in Ontario (Canada).

Repay the next time you get paid

Payday Loans in Brampton function similarly to cash advances. These loans are for short term, unplanned expenses. Your loan will be paid back when you get your next paycheck. $15 per $100 borrowed will result in an additional $15 in interest. To put it another way, for every $100 that you borrow on a loan payday, you’ll be paying $115. This will increase your total cost of borrowing to a maximum $1,500.

These loans are quick money for emergency expenses in Brampton. The loan repayment terms are minimum 14 days. But, they can extend up to 63. Or, if the first two loans are repaid, the third loan is eligible. An installment loan allows you to pay the total amount in three installments for the next 63 day.

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New research from Aite-Novarica group: pay-on-demand eliminates payday loans and overdraft fees for millions of American workers https://artdeko-bg.com/new-research-from-aite-novarica-group-pay-on-demand-eliminates-payday-loans-and-overdraft-fees-for-millions-of-american-workers/ https://artdeko-bg.com/new-research-from-aite-novarica-group-pay-on-demand-eliminates-payday-loans-and-overdraft-fees-for-millions-of-american-workers/#respond Wed, 11 Aug 2021 17:05:04 +0000 https://artdeko-bg.com/new-research-from-aite-novarica-group-pay-on-demand-eliminates-payday-loans-and-overdraft-fees-for-millions-of-american-workers/ NEW YORK – August 11, 2021 – Millions of working Americans are caught in the vicious cycle of debt as a result of resorting to payday loans and paying expensive overdraft fees to pay their bills on time and make ends meet. However, according to new research from the Aite-Novarica Group, having access to your […]]]>

NEW YORK –

August 11, 2021 Millions of working Americans are caught in the vicious cycle of debt as a result of resorting to payday loans and paying expensive overdraft fees to pay their bills on time and make ends meet. However, according to new research from the Aite-Novarica Group, having access to your salary as you earn it can eliminate those crippling financial options for surviving paycheck to paycheck for an overwhelming majority of people. who are blocked using these predatory financial services. the research* confirms that DailyPay and its proprietary pay-on-demand approach (sometimes referred to as access to earned pay), giving employees 100% immediate access to their funds easily and reliably, is a remarkably effective solution to expensive financial alternatives such as loans. payday, overdraft fees, late fees etc. Research also shows that DailyPay can stop relying on regular borrowing from friends to make ends meet, reduce financial stress, and improve overall financial well-being. Aite-Novarica has found that using DailyPay improves workers’ bottom lines for a substantial majority of users. More than eight in 10 respondents (82%) who access their DailyPay BalanceTM on demand said they cared less about money since starting the program, and 75% said they were in. able to better budget and plan with the ability to access their income on demand. And those numbers are generally valid for those who use pay-on-demand more frequently, including those who use higher percentages of their pay before payday, according to the survey results. “Survey respondents were using expensive and arguably inferior alternatives before accessing DailyPay,” said Leslie Parrish, senior analyst at Aite-Norvarica. “These consumers feel much more in control of their finances after using DailyPay.” The main findings of the research report are as follows:

  • The vast majority of payday loan and past overdraft users have been able to move away from these suboptimal behaviors and most attribute this change to DailyPay.
    • The Aite-Novarica Group cautiously estimates that frequent payday loan users save between $ 624 and $ 930 per year using DailyPay.
    • 95% of those who previously relied on payday loans in any way stopped using payday loans (81%) or reduced their use (15%) after using DailyPay. Almost nine in 10 respondents (88%) said they had stopped or reduced the use of these loans thanks to DailyPay.
    • The Aite-Novarica Group cautiously estimates that most overdrafts save $ 660 per year using DailyPay.
    • 97% of those who said they overdrafted their bank account before using DailyPay now rarely or never incur overdraft fees (79%) or report having fewer instances of overdraft fees (18%) after using DailyPay. 75% credited DailyPay for this reduction in overdraft fees.
  • DailyPay users also report being able to better manage their bill and loan payments and reduce requests for help from friends and family.
    • 88% had fewer issues with bills and loan payments after using DailyPay.
    • 94% give credit to DailyPay for this change to make / charge loan payments.
  • DailyPay is achieving positive results across the board for users as the product made them worry less about money (82%), improved their ability to budget and plan (75%), and enabled them to reduce their debt (60%) and those who tend to use DailyPay relatively more frequently report even higher average savings and an even greater previous reliance on inferior, predatory alternatives.

“This data is transformational and supports a very important conclusion – DailyPay is helping American workers stay out of debt,” said Mattew Kopko, vice president of public policy, DailyPay. “Thanks to DailyPay, 4 in 5 payday or overdraft loan users are freed from the debt cycle, with most of the remaining 20% ​​enjoying substantial financial benefits. People are clearly saying that they need this simple, reliable service to make ends meet. For a more detailed overview of the study, please see http://www.dailypay.com/aite-report.

* Industry leader DailyPay has partnered with Aite-Novarica Group, a well-respected financial research and advisory firm that focuses on financial matters, to independently conduct research on its base of paying customers on demand.

Aite Novarica’s online survey of 1,114 DailyPay customers was conducted in May 2021. 95% confidence interval with 3 point margin of error

###

About DailyPay: DailyPay, powered by its cutting edge technology platform, is on a mission to create a new financial system. In partnership with America’s top employers, including Dollar Tree, Berkshire Hathaway and Adecco, DailyPay is the benchmark for pay-on-demand. With its massive data network, proprietary funding model, and connections to over 6,000 banking system endpoints, DailyPay ensures that money is always in the right place at the right time for employers, merchants. and financial institutions. DailyPay is developing the technology and mindset to reinvent the way money flows, from the start of work. DailyPay is headquartered in New York and its operations are based in Minneapolis. For more information, visit www.dailypay.com/press. About Aite-Novarica Group: Aite-Novarica Group is a consulting firm providing essential information on technology, regulations, strategy and operations to hundreds of banks, insurers, payment providers and investment firms, as well as technology and service providers. who support them. Comprised of former senior technology, strategy and operations executives as well as experienced researchers and consultants, our experts provide practical advice to our clients, leveraging the in-depth knowledge developed through our extensive network of clients and others. industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.


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LightStream Personal Loans 2021 Review – Forbes Advisor https://artdeko-bg.com/lightstream-personal-loans-2021-review-forbes-advisor/ https://artdeko-bg.com/lightstream-personal-loans-2021-review-forbes-advisor/#respond Wed, 11 Aug 2021 16:52:43 +0000 https://artdeko-bg.com/lightstream-personal-loans-2021-review-forbes-advisor/ Credit score requirements To be eligible for a LightStream loan, applicants must have a minimum FICO credit score of at least 660. Additionally, a strong applicant will have several years of credit history, including several types of accounts: credit cards, auto loans and mortgage debt, for example. —As evidenced by their credit profile. While a […]]]>

Credit score requirements

To be eligible for a LightStream loan, applicants must have a minimum FICO credit score of at least 660. Additionally, a strong applicant will have several years of credit history, including several types of accounts: credit cards, auto loans and mortgage debt, for example. —As evidenced by their credit profile. While a good credit score may be enough to get approved, lower rates require great credit.

Unlike many other online lenders, LightStream does not have a prequalification process. Therefore, potential borrowers should submit a formal application and go through a credit check to find out if they qualify and, if so, at what rate.

Income requirements

To be approved, LightStream requires loan applicants to have a sufficiently stable and sufficient income to repay both current debts and a new LightStream loan. In addition to income requirements, LightStream assesses applicants based on their cash flow, real estate down payments, retirement savings, and revolving credit card debt. Keep in mind, however, that LightStream does not factor in revenue from the marijuana industry.

Together with the purpose of the loan, these factors help determine an applicant’s debt-to-income ratio (DTI) and likelihood of approval.

Co-signers and co-applicants

LightStream does not allow co-signers, but potential borrowers can submit a joint application. Unlike some lenders, co-applicants do not need to live at the same address as the principal applicant.

Prospective borrowers should indicate at the start of the application process that they will be filing a joint application and provide details of both applicants in the online application. LightStream will then rate each applicant’s credit, income, and other details equally when evaluating the application.


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Investigation into a charity that has granted over £ 1.7million in loans to a connected business https://artdeko-bg.com/investigation-into-a-charity-that-has-granted-over-1-7million-in-loans-to-a-connected-business/ https://artdeko-bg.com/investigation-into-a-charity-that-has-granted-over-1-7million-in-loans-to-a-connected-business/#respond Wed, 11 Aug 2021 15:45:00 +0000 https://artdeko-bg.com/investigation-into-a-charity-that-has-granted-over-1-7million-in-loans-to-a-connected-business/ The Charity Commission has launched a forensic investigation into a charity whose directors were implicated in granting loans totaling more than £ 1.7million to a company they had ties to. The regulator first opened an investigation into the MB Foundation (also known as Mossad Horav Aryeh Halevy) as part of its “double defaulters” category investigation […]]]>

The Charity Commission has launched a forensic investigation into a charity whose directors were implicated in granting loans totaling more than £ 1.7million to a company they had ties to.

The regulator first opened an investigation into the MB Foundation (also known as Mossad Horav Aryeh Halevy) as part of its “double defaulters” category investigation for failing to submit annual accounts for the years ended. March 31, 2014 and March 31, 2015.

Subsequent review of the accounts and information received from the directors raised several concerns about the governance of the charity, in particular the management of conflicts of interest by the directors, the commission said.

The charity lists its activities as providing financial support to help alleviate disease and poverty.

But the charity’s trustees, who the commission said were all brothers, made several transactions with businesses and individuals directly related to the trustees or family members of the trustees.

This included a total of four connected business loans totaling more than £ 1.7million, according to the regulator.

The charity’s total income up to March 31, 2020 was £ 941,000 according to its registration in the online register of charities.

The trustees had not provided any formal documentation regarding the loans, the commission said, and they did not provide any information demonstrating that they had correctly identified or managed the conflicts of interest.

The regulator said its investigation will focus on the decision-making of the trustees, particularly with respect to loans and investments and whether the trustees have adequately managed potential conflicts of interest.

He will examine whether there has been any unauthorized or indirect private benefit,

whether the charity has suffered a financial loss as a result of mismanagement / misconduct.

It will also assess whether the Trustees have fulfilled their duties and responsibilities under the Charities Act.

Third sector was unable to contact anyone from the charity for comment.


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10 major banks create secondary market for business loans https://artdeko-bg.com/10-major-banks-create-secondary-market-for-business-loans/ https://artdeko-bg.com/10-major-banks-create-secondary-market-for-business-loans/#respond Wed, 11 Aug 2021 15:26:33 +0000 https://artdeko-bg.com/10-major-banks-create-secondary-market-for-business-loans/ Ten major lenders, including the State Bank of India, ICICI Bank, Canara Bank and Standard Chartered Bank, have partnered for the first time to set up an online platform for trading business loans in the secondary market. Called the Secondary Loan Market Association (SLMA), it was formed on the recommendation of the Reserve Bank of […]]]>

Ten major lenders, including the State Bank of India, ICICI Bank, Canara Bank and Standard Chartered Bank, have partnered for the first time to set up an online platform for trading business loans in the secondary market.

Called the Secondary Loan Market Association (SLMA), it was formed on the recommendation of the Reserve Bank of India’s Working Group on Secondary Market Loan Development for Businesses.

Kotak Mahindra Bank, Deutsche Bank, Bank of Baroda, Punjab National Bank, Axis Bank and HDFC Bank are also its members.

Wanted: A Secondary Market for Bank Loans

Currently, the secondary market for business loans is mainly made up of interbank transactions, carried out on an ad hoc basis through transfers of loan accounts from one bank to another and the sale of distressed assets by banks to asset reconstruction companies (ARCs). While banks have successfully transferred part of their distressed loan portfolios to CRAs in recent years, interbank loan account transactions have been relatively infrequent.

Saurav Sinha, Executive Director of RBI, said that since small banks are typically forced, for a variety of reasons, to participate in large and creditworthy loan exposures at the time of origination, the secondary market may give them the possibility of participating in such exhibitions and the constraints faced within the framework of a large exhibition will be a thing of the past.

Bond together

Online system

According to the constitutive act of SLMA, it will facilitate, promote and set up an online system for standardization and simplification of primary loan documentation and other negotiation mechanisms for the secondary loan market.

SLMA will also promote standard trading, settlement and valuation procedures and practices; establish rules and time limits for members for the conduct of business; and set transaction fees.

Ashwini Bhatia, managing director of SBI, said that currently the primary and secondary markets are limited to banks and non-bank financial corporations, and domestic and foreign investors only participate in distressed debt through ARCs. . “As such, there is a felt need to broaden the spectrum of investors in the secondary market and alternative investment funds / mutual funds to invest in the secondary loan market,” he said. .

Will benefit banks

According to the RBI task force report, an active secondary market will bring significant benefits to banks in the form of capital optimization, liquidity management and risk management. This in turn would lead to the creation of additional credit at the level of the whole economy.

For borrowers, the main benefits would be a lower cost of capital, greater availability of credit and the development of new relationships with bank and non-bank lenders.

Sanjay Srivastava, President of SLMA, said the secondary loan market will evolve through a systematic digital loan exchange platform, document standardization, active stakeholder participation and an effective mechanism for price discovery.

Sunil Mehta, Managing Director of the Association of Indian Banks, said the IBA is actively working to develop a syndicated loan market and one of the key success factors will be the parallel development of a secondary market for the sale of loans.

Commendable move

State Bank of India, ICICI Bank, Canara Bank and Standard Chartered Bank, Kotak Mahindra Bank, Deutsche Bank, Bank of Baroda, Punjab National Bank, Axis Bank and HDFC Bank are members of the Secondary Loan Market Association

The secondary market for business loans largely involves interbank transactions or sales to asset rebuilding companies

Benefit banks in the form of capital optimization, liquidity management and risk management, leading to economy-wide credit creation

For borrowers, the main benefits would be a lower cost of capital, greater availability of credit, and the development of new relationships with banks and non-banks.


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Photo of President of Kenya digitally altered to suggest he was looking for UK loans https://artdeko-bg.com/photo-of-president-of-kenya-digitally-altered-to-suggest-he-was-looking-for-uk-loans/ https://artdeko-bg.com/photo-of-president-of-kenya-digitally-altered-to-suggest-he-was-looking-for-uk-loans/#respond Wed, 11 Aug 2021 14:29:01 +0000 https://artdeko-bg.com/photo-of-president-of-kenya-digitally-altered-to-suggest-he-was-looking-for-uk-loans/ Copyright AFP 2017-2021. All rights reserved. A photo of Kenyan President Uhuru Kenyatta standing next to a woman holding a notebook marked ‘loans’ has been shared hundreds of times on social media, claiming he was on a mission to the UK to borrow money. ‘silver. However, this image, which shows the president with a Sky […]]]>

Copyright AFP 2017-2021. All rights reserved.

A photo of Kenyan President Uhuru Kenyatta standing next to a woman holding a notebook marked ‘loans’ has been shared hundreds of times on social media, claiming he was on a mission to the UK to borrow money. ‘silver. However, this image, which shows the president with a Sky News reporter, has been digitally enhanced: the word “ready” did not exist in the original photo.

The image has been published here on Facebook on Aug 2, 2021, with the caption: “UhuRu returned from the UK after signing numerous loans, now for him to steal everything he has to distract from his deputy’s blocking… (sic ) ”.

The mention of his deputy in the post refers to Kenyan Vice President William Ruto, whom local media reported was recently barred from traveling to Uganda.

Screenshot of the message, taken on August 10, 2021

The image shows President Kenyatta standing next to a woman who is not named in the post. She is holding a yellow notebook with the word “ready” written in all caps.

The image has also been released here on Facebook a few days earlier, with the caption simply “What’s going on here, please?” “.

In addition, the image has been released here on Twitter with an account of over 96,000 followers. While the caption consists of a series of laughing emojis, responses to the tweet suggest that many reviewers believed the image to be genuine.

Screenshot of one of the Twitter responses, taken on August 10, 2021

From July 28 to 30, 2021, President Kenyatta paid a three-day visit visit in the UK to co-host the World Education Summit with UK Prime Minister Boris Johnson.

A declaration released by the President’s Office on July 26, 2021, showed that the Kenyan President’s visit to the UK was aimed at strengthening the two countries’ strategic partnership, described as “a broad framework of cooperation that covers a wide range of bilateral topics between the two nations ”, including security cooperation, trade and investment.

This image, however, has been digitally altered by adding the word ‘loans‘ to the cover of the notebook to make it look like Kenyatta has gone to the UK on a loan assignment.

Original notebook cover has no text

By performing a reverse image search, AFP Fact Check found that the original Photo shows President Kenyatta with Sky News reporter Kimberley Leonard, who interviewed him during his trip to the UK. It was shared on Twitter by Kenyan Ambassador to the UK Manoah Esipisu on July 30, 2021.

Screenshot of the tweet, taken on August 11, 2021

The word “loans” did not exist in the original image. The cover of the journalist’s notebook was blank.

The image is circulating online just a few months after a Twitter campaign urged the International Monetary Fund (IMF) to withdraw a loan offer to President Kenyatta’s administration, arguing that previous loans to the country had not been spent prudently.

In April 2021, the Executive Board of the IMF approved a new 255 billion shillings ($ 2.34 billion) loan to Kenya to help the country continue to fight the Covid-19 pandemic and address its debt vulnerability.

According to the Central Bank of Kenya (CBK), Kenya’s public debt was rising to 7.3 trillion shillings (approximately $ 66.7 billion) in January 2021.



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State-owned NTPC plans to raise term loans worth up to Rs 5,000 crore https://artdeko-bg.com/state-owned-ntpc-plans-to-raise-term-loans-worth-up-to-rs-5000-crore/ https://artdeko-bg.com/state-owned-ntpc-plans-to-raise-term-loans-worth-up-to-rs-5000-crore/#respond Wed, 11 Aug 2021 13:59:00 +0000 https://artdeko-bg.com/state-owned-ntpc-plans-to-raise-term-loans-worth-up-to-rs-5000-crore/ State-owned NTPC on Wednesday invited proposals to increase term loans worth up to 5,000 crore rupees. The power producer has issued a Request for Proposal (RFP) to increase the amount and financial institutions can submit bids until 11 a.m. on August 26, 2021. The bids would be opened the same day at 11:30 a.m., according […]]]>

State-owned NTPC on Wednesday invited proposals to increase term loans worth up to 5,000 crore rupees.

The power producer has issued a Request for Proposal (RFP) to increase the amount and financial institutions can submit bids until 11 a.m. on August 26, 2021. The bids would be opened the same day at 11:30 a.m., according to a letter from NTPC to financial institutions.

The loans would be used for capital expenditure for ongoing or new capacity add-on programs. These include the takeover of projects, the buyout of the Indian government’s stake in the PSUs as part of the divestment program, renewable energy projects, coal mines and laundries, renovation and modernization programs. various projects, loan refinancing and general business objectives.

The minimum loan amount offered by banks / financial institutions must be Rs 500 crore and in multiples of Rs 500 crore thereafter, according to the company.

In the event of two bidders quoting the same rates, preference will be given to the bidder quoting rates linked to references other than Treasury bills. However, if more than one bid is available at the lowest interest rate, the allocation would be pro-rated to the lowest bidders.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Fairstone Financial Inc. chooses REPAY to offer SMS repayment options for loans https://artdeko-bg.com/fairstone-financial-inc-chooses-repay-to-offer-sms-repayment-options-for-loans/ https://artdeko-bg.com/fairstone-financial-inc-chooses-repay-to-offer-sms-repayment-options-for-loans/#respond Wed, 11 Aug 2021 12:30:00 +0000 https://artdeko-bg.com/fairstone-financial-inc-chooses-repay-to-offer-sms-repayment-options-for-loans/ ATLANTA – (COMMERCIAL THREAD) –Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, partners with Fairstone Financial Inc. (“Fairstone”), Canada’s leading provider of responsible lending solutions for high-risk borrowers, to enhance the Fairstone customer experience through REPAY’s opt-in SMS payment technology. Matching the growing preferences of Fairstone customers for mobile […]]]>

ATLANTA – (COMMERCIAL THREAD) –Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, partners with Fairstone Financial Inc. (“Fairstone”), Canada’s leading provider of responsible lending solutions for high-risk borrowers, to enhance the Fairstone customer experience through REPAY’s opt-in SMS payment technology. Matching the growing preferences of Fairstone customers for mobile and contactless payment options, REPAY’s payment solutions will provide customers with even greater loan repayment flexibility, including using the global Visa and Mastercard networks.

Making loan payments via mobile SMS is easy and secure. Using a single payment link sent by text or email, customers can make debit card payments through any mobile device. Once the initial registration and authorization process is complete, all subsequent loan payments can be made via SMS with tokenized card details which are stored securely, providing continued convenience to customers.

With deep experience and expertise in the alternative finance industry in Canada, REPAY provides personalized payment technology to lenders and their borrowers. Providing a reliable, PCI-compliant payment platform, REPAY’s solutions can help Fairstone deliver more convenience to customers and reduce the overall complexity of accepting electronic payments through the expansion of payment methods. automated self-service payment.

“We are committed to continuing to improve the satisfaction of our customers’ mobile preferences with an opt-in SMS payment option,” said Grant Wyard-Scott, Executive Vice President, Direct Lending at Fairstone. “We are constantly on the lookout for innovative technologies to serve consumers, while maintaining the exceptional experience they expect from Fairstone throughout their customer journey. With its market leadership and repayment technology, REPAY was a natural fit as a trusted partner to further our mission of providing the best borrowing experience with more contactless payment options.

“Smart lenders and businesses are always looking for ways to further improve their customer experience, and it is clear that the market is increasingly favoring contactless mobile payment options for flexibility and convenience,” added Susan. Perlmutter, Director of Revenue at REPAY. “By offering SMS payment options to its customers, Fairstone can confidently respond to their mobile payment requests to improve the customer experience and achieve their business goals.

About Fairstone Financial Inc.

Fairstone Financial Inc. is Canada’s leading provider of responsible lending solutions for sub-prime borrowers with over $ 3 billion in assets on a consolidated basis. Fairstone, including through its predecessors, has provided Canadians with access to responsible credit for almost 100 years. The Company has two key lines of business: direct lending to consumers through its branch network and online; and the financing of consumer car and retail purchases through retailers and dealers. Based in Montreal, Fairstone is an operating subsidiary of Duo Bank of Canada and is ranked among Montreal’s Top Employers for 2021. More information at www.fairstone.ca.

About REFUND

TO REIMBURSE provides integrated payment processing solutions to industry verticals with specific transaction processing needs. REPAY’s proprietary integrated payment technology platform reduces the complexity of electronic payments for merchants, while improving the overall experience for consumers and businesses.


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Fairstone Financial Inc. chooses REPAY to offer SMS repayment options for loans https://artdeko-bg.com/fairstone-financial-inc-chooses-repay-to-offer-sms-repayment-options-for-loans-2/ https://artdeko-bg.com/fairstone-financial-inc-chooses-repay-to-offer-sms-repayment-options-for-loans-2/#respond Wed, 11 Aug 2021 12:30:00 +0000 https://artdeko-bg.com/fairstone-financial-inc-chooses-repay-to-offer-sms-repayment-options-for-loans-2/ ATLANTA – (COMMERCIAL THREAD) –Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, partners with Fairstone Financial Inc. (“Fairstone”), Canada’s leading provider of responsible lending solutions for high-risk borrowers, to enhance the Fairstone customer experience through REPAY’s opt-in SMS payment technology. Matching the growing preferences of Fairstone customers for mobile […]]]>

ATLANTA – (COMMERCIAL THREAD) –Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, partners with Fairstone Financial Inc. (“Fairstone”), Canada’s leading provider of responsible lending solutions for high-risk borrowers, to enhance the Fairstone customer experience through REPAY’s opt-in SMS payment technology. Matching the growing preferences of Fairstone customers for mobile and contactless payment options, REPAY’s payment solutions will provide customers with even greater loan repayment flexibility, including using the global Visa and Mastercard networks.

Making loan payments via mobile SMS is easy and secure. Using a single payment link sent by text or email, customers can make debit card payments through any mobile device. Once the initial registration and authorization process is complete, all subsequent loan payments can be made via SMS with tokenized card details which are stored securely, providing continued convenience to customers.

With deep experience and expertise in the alternative finance industry in Canada, REPAY provides personalized payment technology to lenders and their borrowers. Providing a reliable, PCI-compliant payment platform, REPAY’s solutions can help Fairstone deliver more convenience to customers and reduce the overall complexity of accepting electronic payments through the expansion of payment methods. automated self-service payment.

“We are committed to continuing to improve the satisfaction of our customers’ mobile preferences with an opt-in SMS payment option,” said Grant Wyard-Scott, Executive Vice President, Direct Lending at Fairstone. “We are constantly on the lookout for innovative technologies to serve consumers, while maintaining the exceptional experience they expect from Fairstone throughout their customer journey. With its market leadership and repayment technology, REPAY was a natural fit as a trusted partner to further our mission of providing the best borrowing experience with more contactless payment options.

“Smart lenders and businesses are always looking for ways to further improve their customer experience, and it is clear that the market is increasingly favoring contactless mobile payment options for flexibility and convenience,” added Susan. Perlmutter, Director of Revenue at REPAY. “By offering SMS payment options to its customers, Fairstone can confidently respond to their mobile payment requests to improve the customer experience and achieve their business goals.

About Fairstone Financial Inc.

Fairstone Financial Inc. is Canada’s leading provider of responsible lending solutions for sub-prime borrowers with over $ 3 billion in assets on a consolidated basis. Fairstone, including through its predecessors, has provided Canadians with access to responsible credit for almost 100 years. The Company has two key lines of business: direct lending to consumers through its branch network and online; and the financing of consumer car and retail purchases through retailers and dealers. Based in Montreal, Fairstone is an operating subsidiary of Duo Bank of Canada and is ranked among Montreal’s Top Employers for 2021. More information at www.fairstone.ca.

About REFUND

TO REIMBURSE provides integrated payment processing solutions to industry verticals with specific transaction processing needs. REPAY’s proprietary integrated payment technology platform reduces the complexity of electronic payments for merchants, while improving the overall experience for consumers and businesses.


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Mudra Yojana: PM Modi’s microcredit program authorized majority loans to women entrepreneurs in six years https://artdeko-bg.com/mudra-yojana-pm-modis-microcredit-program-authorized-majority-loans-to-women-entrepreneurs-in-six-years/ https://artdeko-bg.com/mudra-yojana-pm-modis-microcredit-program-authorized-majority-loans-to-women-entrepreneurs-in-six-years/#respond Wed, 11 Aug 2021 09:12:00 +0000 https://artdeko-bg.com/mudra-yojana-pm-modis-microcredit-program-authorized-majority-loans-to-women-entrepreneurs-in-six-years/ The average loan amount under the Mudra program was around 52,000 rupees. Credit and financing for MSMEs: Pradhan Mantri Mudra Yojana (PMMY), which was launched by Prime Minister Modi in April 2015 to promote entrepreneurship through access to microcredit, had reported sanctioned majority loans to women entrepreneurs since the start of the program. . As […]]]>

The average loan amount under the Mudra program was around 52,000 rupees.

Credit and financing for MSMEs: Pradhan Mantri Mudra Yojana (PMMY), which was launched by Prime Minister Modi in April 2015 to promote entrepreneurship through access to microcredit, had reported sanctioned majority loans to women entrepreneurs since the start of the program. . As of June 25, 2021, loans of 20.31 crore involving a sanctioned amount of Rs 6.86 crore lakh have been granted to women entrepreneurs, according to data shared by member credit institutions (MLI) on the Mudra portal. This represented 68 percent of total loans and 43 percent of the total amount sanctioned under the program in just over six years.

Institutional credit up to Rs 10 lakh is provided by MLIs for entrepreneurial activities to micro, small businesses that help create income-generating activities in sectors such as manufacturing, trade, services and related activities. agriculture, Minister of State for Finance Ministry Bhagwat Karad had informed Rajya Sabha on Tuesday by sharing project data. The total of loans sanctioned as of August 11, 2021 stood at 30.65 crore involving Rs 16.16 crore lakh, according to an analysis of data available on the portal. Of the total amount sanctioned, Rs 15.66 lakh crore was disbursed.

“The increase in the share of women is very encouraging as the government has talked about providing access to finance for women entrepreneurs and the Mudra program has been one of the main programs we are talking about. This is the first program we are looking at when it comes to financial awareness and financial education among women entrepreneurs and the program has very effectively made this information into the public domain. I think the communication channel is clearer now, ”said Jahnabi Phookan, outgoing president of FICCI FLO and head of the JTI group at Financial Express Online.

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The average loan amount under the Mudra program was around 52,000 rupees, while 88% of loans were in the “SHISHU” category, according to a finance ministry statement in April this year. While the majority beneficiaries were female entrepreneurs, around 24 percent of loans were made to new entrepreneurs and 51 percent of loans were made to SC / ST / OBC borrowers. According to a survey by the Ministry of Labor and Employment, the program contributed 1.12 crore net of additional jobs from 2015 to 2018, including 69 lakh female employees.

The government had targeted a loan penalty of Rs 3 lakh crore under the Mudra program for FY22, against Rs 3.21 lakh crore sanctioned in FY21 and Rs 3.37 lakh crore sanctioned in FY20. According to data from the Ministry of Finance, Mudra’s NPA increased to Rs 18,835 crore in FY20, compared to Rs 11,483 crore in FY19 and Rs 7,277 in FY19. Fiscal year 18. At the same time, the share of bank credit to micro and small enterprises (MSEs) in the country’s overall gross bank credit continued to decline for the fifth consecutive month in May of this year. From 12.11% in December 2020, the share of MSE contracted to 12.09% in January 2021, 11.8% in February, 11.3% in March, 9.7% in April, then to 9 , 48% in May. Overall gross bank lending in May 2021 stood at 108.33 lakh crore, according to the July RBI bulletin.

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