Built for Bharat: FinTech startups nailing the multilingual game!

Fintech

Meet New India, the land of soaring ambition, aspiring to be at par with its metropolitan counterparts. The New India speaks the language of its own hinterland and merits the brands speaking its native tongue. One of the key pillars of the emergence of New India is rapid and vast internet penetration. The digital storm has brought the Tier 2 and 3 cities to provide the next opportunity for growth & India’s emerging brands are taking cognisance of the same.

The number of internet users in India is expected to grow by 45 per cent and reach 900 million by 2025, as per a report by IAMAI-Kantar ICUBE 2020. By 2025, internet users in rural India are expected to surpass urban India. As per the words of Nelson Mandela, speaking to a man in his own tongue reaches his heart; and India’s emerging brands are leaving no stone unturned to nail the native language game and be ahead of the curve in carving a niche in the Tier 2 markets and beyond. Here’s the whole scoop!

Khatabook

KhataBook is a well-known online app that was established in 2016. Its primary mission is to provide the small and medium-sized company (SMB) sector with assistance in the management of all sorts of transactions by using their digital ledger service. They saw the need for a vernacular approach and collaborated on the development of a plan to reach out to audiences in various parts of India that had not yet been reached. The Khatabook app is a digital ledger that is made available to proprietors of small businesses in India. It is managed by Kyte Technologies. It assists in the management of books of accounts and also provides reminders through WhatsApp and SMS for the purpose of collecting money and making payments that are overdue. The software is accessible in over 13 different vernacular languages so that it may appeal to a wide variety of users throughout the nation.

Virtual credit facilities at FatakPay

The goal of the financial technology platform known as FatakPay, which was built exclusively for the Indian subcontinent, is to provide virtual credit facilities to blue-collar workers through their employers. It is a safe method of gaining access to services that are swift, open, and do not charge interest for day-to-day necessities like what you may require. Marathi, Hindi, Tamil, Telegu, Gujrati, Bengali, Oriya, and Kannada are some of the Indian languages that are supported by the platform, which supports a total of eight Indian languages to better serve its pan-Indian customers.

Also Read | How Fintech is Reshaping the Future of Traditional Banking

Smart tech & friendly financial advice by BankSathi

BankSathi, known as a friend for banking and finance needs, ensures that its customers get the appropriate financial product, sourced from the appropriate bank or NBFC. This includes Demat accounts, Savings accounts, Credit Cards, Personal loans, Crypto, Insurance and more more. Additionally, the platform’s use of technology makes it possible for people of any background to pursue a career as a financial adviser. Telugu, Hindi, Bengali, and Marathi are the languages that advisors may access the site and its services in.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.