PhonePe partners with five lenders for consumer lending launch
PhonePe announced Distribution partnership with Banks and NBFCs (unnamed lending partners) on December 27, 2023.
- Primary
- PhonePe
- Counterparty
- Banks and NBFCs (unnamed lending partners)
- Structure
- Distribution partnership
- Date
- December 27, 2023
- Sub-sector
- Lending Tech (Consumer)
PhonePe expands into consumer lending by partnering with banks and NBFCs as underwriters while building distribution and credit capabilities in India's $720B digital lending market.
Source: thehindubusinessline.com