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The collaboration aims to formalise Informal Micro Enterprises (IMEs) across India by providing them with UAP which enables them to access benefits including government schemes, credit facilities, and the broader digital payments ecosystem

PhonePe-SIDBI pact to empower micro enterprises, traders

September 10, 2025, 03:12 PM - 2 min read

Fintech firmPhonePe signed an MoU on Wednesday with SIDBI to enable micro enterprises and traders to go digital with the Udyam Assist Platform that will offer them access to government schemes, credit facilities etc.

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