With an expected smartphone user base of 1 billion by 2026 [1], India is quickly undergoing a digital revolution in every aspect of daily life. And the retail loan space is not far behind. Between 2017 and 2020, in just 3 years, active retail loans in India have almost doubled!

“Digitization is the future of Auto sector.” Amit Jain, CEO of CarDekho The Indian auto industry is huge. It contributes 7.5% of the overall Indian GDP and 49% of the manufacturing sector. [1] With Covid wreaking havoc on auto sales for two years, it is now poised for a

On 02 Sep 2022, RBI launched a pilot project to digitalize the entire Kisan Credit Card (KCC) journey end-to-end in a few districts across India. RBI has tied up with Union Bank of India and Federal Bank for this experiment. Source: RBI RBI has spelled out a clear goal, which

Agri-fintech is a $600Bn opportunity in India. Hemendra Mathur, Venture Partner at Bharat Innovation Fund [1] In the entire agriculture sector, which includes the livestock sector, informal lending constitutes 70% of all lending. The interest charged on this informal credit ranges between an astounding 24%-60% per annum. This takes

India’s livestock sector has an impressive contribution to the rural economy. Livestock provides livelihood to two-thirds of rural communities. It alone provides employment to 8.8% of the Indian population. India’s livestock market is one of the largest in the world and is showing incredible potential for growth.

With the growing internet accessibility and smartphone usage in India, the demand for  convenient, efficient and flexible payment options has also increased. The consequential growth in e-commerce has created a need to bring together various participants of the financial services industry and e-commerce companies to create innovative payment and credit

The digital lending market of India stood at $75 billion in 2018 and is estimated to reach $350 billion by 2023, Statista [https://www.statista.com/statistics/1202533/india-digital-lending-volume/]. Interestingly, in the 2021 report—How India Lends [https://www.crifhighmark.com/media/2362/how-india-lends-fy2021.pdf]—CRIF High Mark states that