Budget 2022, BNPL, 3D Secure, and more!

Surreal, sweet, and swift. February charms not just smitten lovers, but also Financial Institutions (FIs) and businesses alike.

The Union Budget 2022 delighted new-age financial institutions, as it gave an immense push towards digitization and financial inclusion. It proposed to bring in greater efficiency and cost advantage to digital payments by introducing the blockchain-backed Digital Rupee.

And speaking of digital payments, did you know that the Buy Now Pay Later (BNPL) market has grown by a whopping 600% last year alone?

But BNPL deployment is not a breeze, especially for lenders such as banks, fintechs, and FIs. A solid strategy to overcome challenges is critical to ride this consumer finance boom.

Irrespective of whether it is BNPL transactions, card payments, or any other form of digital payments, security is a major issue that FIs face. Deploying 3D Secure is an effective armor against fraudulent transactions, identity theft, and data breaches.

Want to know more about what the union budget, BNPL, and payment security mean to the financial industry?

Here you go!

What does Budget 2022 mean for Fintechs? 💰

Missed tuning in to Budget 2022? No worries! Check out the key budget highlights concerning the fintech industry here.

How can lenders overcome challenges in deploying BNPL solutions? 🛒

If you are a bank or an NBFC looking to enter the BNPL market, you must know how to overcome the deployment challenges. Here we are to guide you with our latest article.
Check out here.

3D Secure: Your barrier against security attacks 🛡️

3D Secure serves as an effective barrier against security issues in credit card transactions and enjoy greater customer loyalty and lifetime value. Wondering how? The answer is just a click away!


With the growing number of online shoppers in India, the BNPL market will increase from $3-3.5 billion to $45-50 billion by 2026.


By 2022, almost 78% of the United States millennial population will become digital banking users.


Artificial Intelligence will power 95% of customer interactions in the next decade as consumers prefer interaction with machines over humans.


The global BNPL payment adoption is expected to grow steadily at 54.3% from 2022 to 2028.

Fintech Everywhere!

In the Union Budget 2022-23, the Reserve Bank of India (RBI) announced that it would be introducing 'Digital Rupee.' The digital rupee will boost opportunities for the fintech sector and will skyrocket India's digital economy.


GoCardless, a payment solution provider, joins the unicorn club with its recent Series G funding round led by Permira. GoCardless has raised $312 million in funding, making it the latest European and UK tech unicorn with a valuation of $2.1 billion.


Creditas, a Sao-Paulo-based fintech, has secured $260 million in a Series F funding round led by Fidelity and participated by Spanish fintech fund Actyus and Greentrail Capital. The Brazilian fintech platform is now valued at $4.8 billion, with its total funding rate at $829 million.


Fireblocks, a crypto firm, has raised a total of $550 million in Series E round with a valuation of over $8 billion. The funding was co-led by D1 Capital Partners and Spark Capital and saw participation from General Atlantic, Index Ventures, and more.


In Saudi Arabia, Mastercard announced the expansion of its business intelligence platform, 'Mastercard Market Trends.' The platform helps to curate payment insights, industry trends, and competitive intelligence together in one place.

M2Peer Speak

That's it for now. See you again soon with all the need-to-know fintech updates!

Stay tuned. Stay curious.