An open source Initiative D91 labs : For coders & designers building Fintech apps
By MYBRANDBOOK
SETU, a FINTECH based software production unity has launched D91 labs, an well equipped learning platform both for developers and designers – an open source initiative by the company to understand and enhance the financial lives of Bharat that embrace financial inclusion at the grass root level.
D91 labs aspires to become last mile understanding for developers building fintech product for the masses. It publishes open source research, insights, frameworks and component libraries for designers, developers, and other stakeholders.
Announcing D91 labs, the firm also published three posts on blogging platform Medium around designing for choices in payments, a case study depicting the plight of individuals who borrow from unorganised lenders and a survey on mobile payments in India.
These blog posts deal with several aspects of building fintech solutions for Bharat (beyond metros and top 10 cities). It offers crucial actionable insights around UX, design, development as well as the status quo of the payments industry in India.
The brainchild of India Stack member Nikhil Kumar and ex-venture advisor to VC firm Aspada Ventures Sahil Kini – Setu- had raised $3.5 million from Lightspeed and Bharat Innovation Fund.
At a time of announcing the funding, Setu had introduced a product called Collect which allows merchants with all kinds of scale to collect recurring payments from consumers such as EMIs for loans, mutual fund SIPs, insurance premiums or housing society maintenance charges.
Developers can use Setu’s sandbox to build applications and integrate with one financial institution to test their product. The company partnered with Kotak and SBI Mutual Fund for accessing their APIs by developers without wasting time and energy.
One of the blog posts based on a survey by D91 labs found that 66% of users prefer Paytm as far as bill payment is concerned, while Google Pay was preferred for over 60% of users. When it comes to peer to peer fund transfer, Google Pay emerges as a choice for 72.5% users. For offline merchant payments, Paytm tops the chart with 70.5% plus users preferring it over other apps.
Given that there is an absence of platforms that offers actionable insights to developers who are building fintech applications for masses in India, D91 labs undoubtedly is a go-to destination for designers, coders, and other stakeholders. Further, the firm brings a lot of value by allowing developers to test their apps on APIs provided by banks.
TAGS : D91 LABS, LIGHTSPEED, NIKHIL KUMAR, SAHIL KINI, SETU
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
DRUVA SOFTWARE PVT. LTD.
VERSA NETWORKS INDIA PVT. LTD.
STERLITE TECHNOLOGIES LTD.
HAVELLS INDIA LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : RAMESH NATRAJAN
Ramesh Natarajan, CEO of Redington Limited, on overcoming ‘technolog...
ICONS OF INDIA : SRIDHAR VEMBU
Sridhar Vembu is the chief executive officer (CEO) of Zoho Corporation...
Icons Of India : Daisy Chittilapilly
Daisy Chittilapilly is the President of Cisco’s India and SAARC regi...
PARTNER SPEAKERS
PSU
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
EESL - Energy Efficiency Services Limited
EESL is uniquely positioned in India’s energy sector to address ener...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
