FINTECHS CONQUERED PAYMENTS IN INDIA. NOW THEY'RE EYEING CREDIT

Summary from the TLDR Fintech newsletter

Indian fintechs are shifting from UPI payments into digital credit, with leaders arguing the credit opportunity could be more than twice the size of the payments market. PhonePe, Google Pay, BharatPe, Amazon Pay, and others are using transaction data, e-commerce behavior, and broader digital footprints to underwrite small consumer and MSME loans, targeting a market where only 15% of adults have formal credit access, and most small businesses still rely on informal financing.