YES Bank has partnered with Newtap Finance Private Limited to offer customised financing options on the CRED payments platform to those who meet creditworthiness requirements.
YES BANK and Newtap Finance will use Dreamplug Technologies Private Limited (DTPL) in this collaboration. This company runs CRED, as their Lending Service Provider (LSP), the private lender announced in a press release on August 27.
With this partnership, YES BANK’s financing expertise will be matched with CRED’s affluent member base. According to YES Bank, CRED members will receive competitive rates as well as an enhanced, digital-first experience that is easy to use and frictionless as a reward for their proven financial responsibility.
Thanks to this partnership, we are well-positioned to provide our clients with unmatched value, especially in the affluent and rising affluent segments. This partnership demonstrates the bank’s digital prowess and advances the development of a strong and effective low-Opex model for our personal loan portfolio, according to Rajan Pental, Executive Director of YES Bank.
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