BharatPe’s banking licence, Digit’s funding, Mswipe’s new CEO and more -- mega deals and launches in India’s fintech space

• BharatPe will be taking over the scam-hit PMC bank in a joint venture with Centrum Group.
  
• Former Cashe CEO Ketan Patel will lead MSwipe as the company pivots to helping India SMBs.
  
• Mastercard has made a strategic investment in Instamojo to strengthen its efforts to help small businesses.
  

As India celebrated its micro, small and medium enterprises (MSMEs) this week -- as part of the MSME week — the Indian fintech segment had an array of announcements that may help this underserved community. In the last two days, several fintech businesses — big or small — have launched services, products and shared plans on how they plan to help small Indian businesses.

Business Insider compiled a list of such announcements that may end up defining the course of Indian fintech for years to come.