business correspondent model

Curated news coverage, institutional background, regulatory filings, and investigative reporting across RDU Global.

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Banking, Fintech & Insurance 13 Nov 2026, 08:00 PM IST

Smaller MFIs Pivot to Fee-Based Models as Lending Stress Deepens

India’s smaller microfinance institutions are increasingly stepping back from direct lending and shifting toward business correspondent roles as funding tightens and borrower stress rises. With bank credit and fresh equity harder to secure, many are choosing to route loans for banks off balance sheet and earn fee income instead of carrying credit risk themselves.

By RDU Global Wire4 min read

Banking, Fintech & Insurance16 Oct 2026, 10:51 AM IST

Russia’s A7 Payment System Highlights the Push to Build Alternative Cross-Border Finance

PSB Bank Chairman Petr Fradkov has described how the A7 international payment system is being used in a sector that remains among the most tightly controlled in the economy: cross-border payments. His remarks to RBC underscore a broader effort to create alternative financial infrastructure as traditional international channels remain constrained. The development is significant for trade-sensitive industries, including automotive, EVs and mobility, where payment reliability can shape supply chains and market access.

5 min readRead →

Banking, Fintech & Insurance14 Oct 2026, 10:37 PM IST

PSB Bank Chief Says Alternative Payment Rails Are Redrawing Cross-Border Finance

PSB Bank Chairman Petr Fradkov has outlined how alternative payment infrastructure is emerging inside one of the most tightly controlled corners of the global economy: cross-border settlements. In an interview with RBC, he described the A7 international payment system as operating in a space where conventional international payments are effectively absent, underscoring a broader shift in financial architecture. The remarks highlight a growing push to build parallel transaction channels as geopolitical frictions, sanctions pressure and banking restrictions reshape how money moves across borders. For sectors such as automotive, EVs and mobility, where supply chains and component sourcing depend on reliable settlement systems, the evolution of these rails could carry significant commercial consequences.

5 min readRead →

Banking, Fintech & Insurance13 Oct 2026, 12:39 AM IST

PSB Bank Chief Says Alternative Payment Rails Are Reshaping Cross-Border Finance

PSB Bank Chairman Petr Fradkov has described cross-border payments as one of the most closed and tightly controlled segments of the global economy, arguing that new alternative infrastructure is emerging to keep transactions moving where traditional channels are constrained. In an interview with RBC, he said the A7 international payment system operates in a market where conventional international payments are effectively absent, underscoring a broader shift in how financial connectivity is being rebuilt.

6 min readRead →

Banking, Fintech & Insurance12 Oct 2026, 04:45 AM IST

PSB Bank Chairman Says Alternative Payment Rails Are Reshaping Cross-Border Finance

PSB Bank Chairman Petr Fradkov has described cross-border payments as one of the economy’s most closed and strategically sensitive sectors, arguing that new alternative infrastructure is emerging to move money outside traditional Western-dominated channels. In an interview with RBC, he outlined how the A7 international payment system is operating in a market where conventional international payments are increasingly constrained.

5 min readRead →

Banking, Fintech & Insurance09 Oct 2026, 04:56 PM IST

PSB Bank Chief Says Alternative Payment Rails Are Redrawing Cross-Border Finance

PSB Bank Chairman Petr Fradkov has described cross-border payments as one of the most closed and strategically sensitive parts of the global economy, arguing that new alternative payment infrastructure is emerging to fill gaps left by traditional channels. In an interview with RBC, he said the A7 international payment system is operating in a market where conventional international payments are effectively absent, underscoring how financial architecture is adapting under pressure.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 02:21 AM IST

Finmin to Review Bank Progress on Financial Inclusion Push on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the progress of key financial inclusion schemes, including Jan Dhan, Mudra, and government-backed insurance and entrepreneurship programmes. The review comes as policymakers look to deepen formal financial access, expand credit to small borrowers, and improve the reach and quality of welfare-linked banking services.

6 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 11:45 PM IST

Alternative Payment Rails Gain Ground as Cross-Border Finance Fragments

Petr Fradkov, chairman of PSB Bank, has described cross-border payments as one of the economy’s most closed and strategically sensitive sectors, underscoring how alternative infrastructure is reshaping the movement of money across borders. In remarks to RBC, he outlined the operating logic of the A7 international payment system, a mechanism designed to function in an environment where conventional international payments are increasingly constrained.

5 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 02:22 PM IST

Russia’s A7 Payment Push Highlights the New Fault Lines in Cross-Border Finance

PSB Bank Chairman Petr Fradkov has described the cross-border payments arena as one of the economy’s most closed and strategically sensitive sectors, underscoring how alternative rails are being built around existing global systems. In comments to RBC, he outlined how the A7 international payment system operates in a market where conventional international transfers are increasingly constrained, reflecting a broader shift in financial infrastructure.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside business correspondent model:

microfinance institutions(1)India(1)banks(1)