What's fuelling the growth of India's Fintech?

[{"selector":"#anim-a4a3bf01-7fb3-42a9-8529-51d89268de74","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e079fe9e-058a-41be-bc21-9b2c6ea5264b","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89dec40c-333b-425f-a284-d655e1bf83ae [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.2782830217511145%, 11.732972320392626%) scale(0.7633587786259542)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] A recent report by TransUnion CIBIL has revealed that the growth of the Indian Fintech Industry is linked to personal loans taken for consumption purposes.

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[{"selector":"#anim-8754cf8d-2a17-4028-8051-90a5873c8ee2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8561a2f4-ff42-40bd-aa9c-760d278d7bb9","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55324678-e0d9-4606-bfd9-5087091763fa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.5384616408539%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Around 79% of personal loan originations for consumption were of a value less than INR 10,000 .

[{"selector":"#anim-0f794094-175c-474d-a9fc-b38634e8d392","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa12ec5a-fab2-4918-92ff-3875d203fcfd","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91bb6a5d-b55c-4885-a741-645bab815885 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The report further contends that this was made possible with the development of embedded credit and wider acceptance of UPI payments across sectors and geographies. Learn more