New Delhi, July 22 -- The evolution of India's lending ecosystem is a result of systematically building digital pathways for data and analytics through consistent investment in innovation. This has been the result of a true public-private partnership, which reflects the convergence of multiple systems that work together, from digital identity and payment infrastructure to credit bureaus and consent-based data sharing. Together, these systems are reducing friction, improving data flow, and creating pathways for faster and better lending decisions. These efforts reflect India's expansion of its credit market over the past decade.

For the borrower, this has resulted in easy access through products such as buy-now-pay-later and instant perso...