New Delhi, May 26 -- TPG-backed Fibe is gearing up to launch its own UPI (Unified Payment Interface) services app within the next three months, according to a top executive of the lending fintech firm.

The move comes amid a wave of new entrants in the space, including Super.Money and Navi, even as established players like PhonePe and Google Pay maintain their stranglehold over the market.

Also Read: Using GPay, Paytm? 5 UPI payments safety tips and tricks. Read here

"We power nearly 8-10 other LSPs (loan service providers) in the market," Akshay Mehrotra, co-founder and CEO of Fibe. "We've built a strong backend ecosystem, which is why our scale is so significant. Since we deeply understand lending and monetization, the idea is to expl...