India, May 10 -- Fintech unicorn Zeta has rolled out a digital credit-as-a-service product for banks. The product is based on NPCI's credit line on UPI scheme, which uses the network to speed up credit issuance in India.

The company expects transaction volumes on this scheme to exceed $1 Tn by 2030 and aims to capture 50% of this market opportunity with its solution, helping banks create and launch credit products quickly.

Ramki Gaddipati, CEO APAC & Global CTO, Zeta, said, "By delivering credit at the point of need, Credit Line on UPI has hit a home run for banks by completely changing the discovery, access, and cost mechanics of retail lending."

Gaddipati said that the pricing for Zeta's new product would vary depending on the specif...