Fintechs can boost digital lending, financial inclusion in India: Experts

New-age fintech firms have the potential to enhance and disrupt the digital lending space, aid financial inclusion, and help financial institutions upgrade their technology infrastructure significantly, fintech leaders said on Friday.

They were speaking at the FE Modern BFSI Summit.

Rajesh Bansal, CEO of RBI Innovation Hub (RBIH), said that a billion Indians are expected to avail digital finance in the next few years and for that to happen, fintechs will play a big part. “The public credit stack that we have built with the RBI will actually reinvent or lead to a UPI moment in lending in few years from now,” he said.