June 2022 | India News
- Credit Disbursed in Digital Lending Market in
India is expected to grow at a double digit positive CAGR owing to the
digitization in the country along with the presence of high number of
platforms in the country.
- Penetration of Digital Banking in India has
increased at a significant owing to the Rapid Digitization and Growing
Adoption of Advancing Technologies
India Digital Lending Market Growth Strategy
Rise of BNPL
Platforms in India: The Covid
pandemic has brought several changes into people's lifestyle. One of this is
surge in online payments which kindled the growth of BNPL segment of consumer
lending. In the last couple of years, there has been a major growth in BNPL
transactions. A great many number of people have started using this payment
technology in the crisis of diminishing jobs and uncertain income after covid.
The BNPL system is being very much liked among the youth or people using the
facility of credit for the first time. The biggest reason for the attraction
towards the BNPL payment system is the convenience and less expensive. Despite
acting as an alternative to credit cards, it is interest free for most of the
people.
Increased
focus on Innovation: With
emerging technologies for integration of improved lending process, companies
are starting to explore the technologies such as data analytics, AI, ML, deep
learning, Robotics in financial sector as deeper digitalization of financial
sector included in dissemination of credit is possible. Many banks are likely
to have a higher adoption rate for the model of dispensing credit through use
of digital mode – right from sourcing leads to disbursing loans in the next
couple of years.
Transparency in Digital Lending: Digital Lenders companies have a transparent
loan process. Loan applicants can keep a track of their loan application at
every stage. Even if your loan application gets rejected then you will get to
know why your application got rejected and where you lacked behind in your
eligibility or it was something else which went wrong. This transparency in
digital lending process has helped many platforms attract consumers in the
country.
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Key Segments
Covered
Digital
Lending
- By Duration of the loan
- By Type of Lender
- By User Split
- By Type of loan
- By Type of loan
Digital
Lending – NBFCs
- Type of Loans
- Type of Consumer Loans
- Type of Business Loans
- Type of Business Loan Consumers
- Type of Duration of Loan
- Type of Region
- Type of Zone
Time Period
Captured in the Report:
Base Year: 2022P
Historical
Period: 2017-2021
Forecast
Period: 2023F–2027F
Companies
Covered:
- Pine Labs
- PayU
- Faircent
- Capital Float
- Lending Kart
- Aye Finance
- Moneyview
- Kissht and other
Key Topics
Covered in the Report
- India Digital Lending Market Future Outlook
- India’s digital lending market overview and
genesis
- Supply side ecosystem
- SWOT Analysis of India’s Digital Lending
Market
- Impact of Covid-19 on Digital Lending
- Challenges and Bottle Necks in India’s Digital
Lending Market
- Growth Drivers and Enablers for the Digital
Lending Market in India
- Traditional and Non Traditional Operating
Models
- Funding Scenario in Digital Lending Market
- Detailed Analysis of India Digital Lending
Market (Market size on the basis of Credit Disbursed, Market Segmentations
by Type of Lenders, Type of Loans and Loan Durations)
- Detailed Analysis of India Digital Lending –
By NBFCs (Market size on the basis of Credit Disbursed, Market
Segmentations by Type of Loans, Type of End Users, Type of Region and
Zone, Type of Loan Security and Loan Durations)
- Government initiatives and regulations, growth
drivers
- Future Market Projections for Digital Lending
Market in India, FY’2027
- Future Trends and Technologies
- Details analysis of Competition in India
Digital Lending Market (Market Shares; Cross Competition, Financial Cross
comparison of Major Players, Strength and Weakness of Major players).
Related
Reports:
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
