fintech / news / / CNBC TV18
LKP Finance acquires stake in Gyftr, signals shift to digital payments and rewards platform.
LKP Finance is surrendering its NBFC licence to fully transition into a fintech platform.
KEY POINTS
- LKP Finance now owns a 22% stake in Mufin Pay, which wholly owns Gyftr.
- A new licensing application aims to unify LKP Finance’s branding with Gyftr’s digital rewards platform.
- Gyftr’s digital gift cards and incentives will directly integrate with Mufin Pay’s licensed payment rails.
- India’s loyalty and rewards market is projected to surpass $65 billion by 2030.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →