Shriram Finance to Enter Payments Business With Mobile Wallets, Cards, UPI

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Shriram Finance to Enter Payments Business With Mobile Wallets, Cards, UPI

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Shriram Finance to Enter Payments Business With Mobile Wallets, Cards, UPI

//business-finance.news-articles.net/content/202 .. ents-business-with-mobile-wallets-cards-upi.html

Published in Business and Finance on Friday, April 25th 2025 at 16:20 GMT by Bloomberg
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Shriram Finance Ltd. plans to enter the payments business by offering mobile wallets and prepaid cards as the shadow lender seeks to diversify its offerings and boost earnings.

Shriram Finance Ltd., an Indian non-banking financial company, is expanding into the payments sector by launching a suite of services including mobile wallets, cards, and a unified payments interface (UPI) to diversify its revenue streams and tap into the growing digital payments market in India. The company aims to leverage its existing customer base of over 6 million and its widespread network of branches to introduce these new services, which will be rolled out in phases starting later this year. Shriram Finance's move into payments is part of a broader strategy to enhance its financial services offerings and compete with other financial institutions that have already established a presence in the digital payments space.

Read the Full Bloomberg Article at:
[ https://www.bloomberg.com/news/articles/2025-04-25/shriram-finance-to-enter-payments-business-with-mobile-wallets-cards-upi ]