Payments company Cashfree has rolled out a new banking-as-a-service API to help speed up banking integrations, a press release says.

The service will let accounts offer features for account opening, linking, deposits, check balance and interest earning to their customers, partners and vendors. It will also allow for 100 percent cashfree bank accounts.

Akash Sinha, CEO and cofounder of Cashfree, said, “India is witnessing a dramatic rise in the number of digital-first startups and enterprises. While the ecosystem is evolving rapidly to adapt to the change, startups and tech-first businesses often struggle with access to banking services. Cashfree aims to build a bouquet of FinTech APIs to help empower businesses and individuals. Our first product under it,  ‘Accounts,’ will not only allow businesses to open banking accounts for their customers to collect payments and make payouts easily, but also bring their customers under the fold of digital…

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