PhonePe launches secured lending platform with banks, fintech firms

PhonePe has launched secured lending products on its platform by partnering with banks, non-banking financial companies (NBFCs) and other fintech firms, it said on Thursday.

Walmart-owned PhonePe said it has more than 535 million registered users and aims to create a “powerful and seamless user experience” in the secured loans category. Customers can access to lending solutions on the PhonePe app in six major categories. mutual fund, gold, bike, car, home and loans against property, and education loan.