Key Points
Fintech players like to draw attention to its lopsided distribution..
Its a small number for a country of 1.4 billion people, but double from five years ago, underscoring significant expansion. And yet, its the same group of 40 million well-heeled Indians who keep getting more cards..
Its a fintech startup connecting with large employers human-resource databases so that employees who want revolving credit can consent to sharing their authentic wage data and employment history with lenders..
SalarySe, which recently raised $5.25 million from investors including Peak XVs Surge platform and Pravega Ventures, has set itself an ambitious goal of bringing credit to 10 million salaried Indians in three years...
Google Pay, which has a one-third share of money that moves on the payment protocol, has tied up with banks that want to offer credit lines..
