The booming fintech ecosystem in India has led to the emergence of countless companies that offer various credit services. However, despite its benefits, this expanding fintech vista has also led to the proliferation of unregulated digital lenders conducting unethical business, excessive third-party engagement, and rising risks to digital privacy. Moreover, unjust interest rates and inhumane […]
Banking, one of the world’s oldest industries, has been around for nearly 4000 years. From the earliest recorded temple loans in ancient Babylon, which date back to 2000 BCE, to the most recent technology-enabled services, such as open banking and Banking as a Service (BaaS), it has consistently played a systemic role in the development […]
Buy Now Pay Later (BNPL) services are steadily gaining popularity in the Indian market. The value of these services is expected to reach INR 1.1 trillion ($15 billion) in 2026, growing at a compound annual growth rate (CAGR) of 32.5% between 2022 to 2026. The COVID-19 pandemic, aided by factors like impulsive buying and disposable […]
Indian fintechs have made rapid gains in the payments space over the past few years because of UPI, which has led to a significant increase in fintech investment in India. Approximately $135 billion were transacted monthly through UPI (as of June 22), 9 times more than credit cards, which have been around for over 40 […]
BNPL stands for Buy Now Pay Later. It is a payment service that allows customers to postpone their final bill for some time, even after buying something. As the name implies, consumers may want to make a purchase before payday, and BNPL enables them to buy things without making full payment immediately. According to GlobalData, […]
Over the last five years, fintech apps have disrupted the financial services sector as we know it. In 2020, the global fintech technologies market was valued at $110.57 billion, and it is expected to grow at a compound annual growth rate of 20.3% to reach a market share of $ 698.48 billion by 2030. While […]
Non-Banking Financial Companies (NBFCs) have long been an integral part of our financial system, serving as a supplement to the traditional banking industry. Today, they exist as a heterogenous group in contrast to the formal banks and provide an array of specific financial services. Without a doubt, NBFCs play a significant role in India’s financial […]
According to Statista, the digital lending market has grown from 9 billion dollars in 2012 to nearly 150 billion dollars by 2020. It is projected to reach around 350 billion dollars by 2023. Along the same line, many experts believe 2023 will be a game changer for digital lending in India. This could be attributed […]
The banking industry has undergone a major digital transformation and has implemented cutting-edge technology after the Covid-19 pandemic. As a result of the recession and barriers to in-person channels, financing requirements have changed dramatically. A better client experience, faster turnaround time, and the use of artificial intelligence and machine learning have all contributed to the […]
The traditional banking sector in India has always been highly regulated. While this approach has created a haven for millions of consumers to meet their financial needs, it has also served as a barrier, keeping many outside the purview of the banking system. However, digital lending has emerged as a disruptor at scale. As of […]
