Fin­Tech Star­tups are What San­jiv Ba­jaj is Eye­ing Now

Ba­jaj Fin­serv to of­fer new ‘EMI’ op­tion on ecom­merce plat­form

The Economic Times - - Disruption: - Our Bureau

SANJIVBAJAJ Vice-chair­man, Ba­jaj Fin­serv We’ve been build­ing a so­lu­tion and have cre­ated a tech so­lu­tion which of­fers EMI op­tions on ecom­merce plat­forms

Pune: San­jiv Ba­jaj, vice-chair­man, Ba­jaj Fin­serv, said that he was look­ing at tap­ping into the startup ecosys­tem and per­haps take strate­gic stakes in fin­tech star­tups. Ad­dress­ing a group of en­trepreneurs at TieCon Pune last week, Ba­jaj said: “I spent some time in Sil­i­con Val­ley re­cently and met some of the star­tups, half of which were run by In­di­ans, as well as com­pa­nies like Ama­zon and Mi­crosoft. We want to tap into the op­por­tu­ni­ties avail­able there as well as in In­dia and may look at in­vest­ing in fin­tech com­pa­nies, maybe even take a strate­gic stake if it makes sense for us.”

Ba­jaj also said that from May, his com­pany would of­fer a Ba­jaj Fin­serv easy monthly in­stall­ment (EMI) op­tion for an ecom­merce com­pany. “We’ve been build­ing a so­lu­tion over the past one year and have cre­ated a tech so­lu­tion which of­fers EMI op­tions on ecom­merce plat­forms,” he said. This would be a ma­jor change in how the com­pany of­fers EMIs at present, as th­ese are typ­i­cally for a spe­cific prod­uct. On the ecom­merce plat­form, the EMI would ap­ply on the to­tal or­der value and could be split across sev­eral prod­ucts across dif­fer­ent cat­e­gories.

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