From smartphones to smart loans: Gen Z, millennials boost digital lending

India’s retail lending landscape is on the brink of a revolution, with digital lending emerging as a major force. A recent report by Redseer Strategy Consultants projects that digital lending will comprise 5 per cent of all retail loans by FY28. This shift is primarily driven by the tech-savvy Gen Z (aged 18-25) and millennials (aged 26-38), who are rapidly changing how borrowing works in the country.