Press release
Rise of BNPL schemes, low interest rates and Shift of Indian Population from Traditional to Digital Loans to Drive the Digital Lending Market in India: Ken Research
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.
For More Detail @ https://www.kenresearch.ae/banking-financial-services-and-insurance/loans-and-advances/india-digital-lending-market-outlook/574446-93.html
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.
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ2
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:
https://www.kenresearch.ae/banking-financial-services-and-insurance/financial-services/india-buy-now-pay-later-market-outlook-to-2026/515064-93.html
https://www.kenresearch.ae/banking-financial-services-and-insurance/banking/india-atm-managed-services-outlook-to-2026/472828-93.html
Follow Us
https://www.linkedin.com/company/ken-research/
https://www.instagram.com/kenresearch/
https://www.facebook.com/kenresearch
https://twitter.com/KenResearch
https://www.youtube.com/c/KenResearchKen
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rise of BNPL schemes, low interest rates and Shift of Indian Population from Traditional to Digital Loans to Drive the Digital Lending Market in India: Ken Research here
News-ID: 2693256 • Views: …
More Releases from Ken Research Pvt Ltd
Increase in cybercrime results in India Digital Forensic Market to rise, with an …
With the rise in digital threats and cybercrimes, India Digital Forensic Market makes successive changes like integration of Artificial Intelligence, and marking its overall growth.
STORY OUTLINE
Using techniques like Data Recovery, Log Analysis and more, India Digital Forensic Market enhances its Computer Forensics.
Upgrades towards Network and Mobile Forensics are improving in cyber threats prevention, marking its increase in efficiency and security.
With the incorporation of Cloud Based services, advanced methods and easy…
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken …
Due to recent pandemic of Covid 19 health insurance market has grabbed growth ensuring economic help to comman man for better health care facilities with easy money handling and increasing awareness especially after COVID 19.
STORY OUTLINE
Launch of new policies, mergers, acquisitions and partnerships to propel growth in future
Covid 19 has a huge impact on the health insurance market on Global level.
Factors, which are responsible for the growth, are the higher…
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Anticipated to achieve a CAGR of approximately 3.5% (2022-2027), the UK's agricultural equipment market expanded between 2014 and 2018, yet faced a significant downturn in 2019-2020 due to COVID-19.
STORY OUTLINE
The investment landscape in the UK agricultural equipment market is diverse, offering a spectrum of opportunities from established manufacturers to startups driving disruptive change.
Investors can benefit from the technological prowess of leading manufacturers like John Deere, CNH Industrial, and AGCO Corporation…
Unveiling the Thriving Landscape of UAE's IT Service Market
The IT services sector encompasses a diverse range of offerings, including but not limited to Cloud services, Cloud Applications, Datacenters, Artificial Intelligence (AI), Consulting Services, Connectivity Solutions, Security services, and other related services.
STORY OUTLINE
Digital Transformation Drive: UAE's IT market thrives on visionary government initiatives like "Smart Dubai" and "UAE Vision 2021," spurring sectoral evolution.
Cloud's Ascendancy: Rapid cloud adoption, coupled with AI, IoT, and blockchain, reshapes industries for scalability and innovation.
Security…
More Releases for India
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
