fintech / news / / Outlook Business
LKP Finance has applied to surrender its NBFC licence.
LKP Finance is surrendering its NBFC licence to focus exclusively on fintech payments and rewards.
KEY POINTS
- LKP Finance now holds 22% of Mufin Pay, which owns 100% of Gyftr.
- A name change from LKP Finance to Gyftr is being pursued to align the brand with its new strategy.
- Mufin Pay and Gyftr will consolidate, integrating regulated payment infrastructure with digital gifting services.
- India's corporate gifting market is growing 18–20% annually, now estimated at ₹12,000–15,000 crore.
COMPANIES
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