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UPI enables expansion of credit among underserved borrowers: Study
The New Indian Express Vijayawada
|December 09, 2024
UNIFIED Payments Interface (UPI) has enabled underserved borrowers to access formal credit for the first time as loans to new-to-credit borrowers in regions with high UPI adoption have increased by 4% and to subprime borrowers by 8%, according to a study.
Titled Open Banking and Digital Payments: Implications for Credit Access, the study points out that the UPI, since its launch in 2016, has enabled 300 million individuals and 50 million merchants to perform seamless digital transactions.
It points out that the average size of a fintech loan was ₹27,778, which is about seven times the rural monthly expenditure.
Denne historien er fra December 09, 2024-utgaven av The New Indian Express Vijayawada.
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FLERE HISTORIER FRA The New Indian Express Vijayawada
The New Indian Express Vijayawada
Video of Parakamani loot surfaces; TTD member alleges ₹100 crore scam
STARTLING revelations have emerged pertaining to large scale irregularities that took place in the Tirumala Tirupati Devasthanams (TTD) during the previous YSRCP regime.
1 min
September 21, 2025
The New Indian Express Vijayawada
CM: Swachh drive meant to cleanse politics also
CHIEF Minister N Chandrababu Naidu on Saturday emphasised the comprehensive approach of the Swachhandhra initiative, stating, \"Swachhandhra is about cleaning our cities, villages, and politics alike.
1 min
September 21, 2025
The New Indian Express Vijayawada
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data. At 71%, India was the largest beneficiary of H-1B last year, while China was a distant second at 12%.
2 mins
September 21, 2025
The New Indian Express Vijayawada
CM roots for ‘One State-One Water’ concept to fight drought
CHIEF Minister N Chandrababu Naidu asserted that effective water management could make Andhra Pradesh drought-free.
1 min
September 20, 2025
The New Indian Express Vijayawada
Singer Zubeen Garg dies in Singapore following scuba diving accident
ZUBEEN Garg, the 52year-old cultural icon of Assam and a heartthrob of the younger generation, passed away on Friday in Singapore, leaving behind a rich legacy.
1 min
September 20, 2025
The New Indian Express Vijayawada
CM roots for 'One State-One Water' concept to fight drought
CHIEF Minister N Chandrababu Naidu asserted that effective water management could make Andhra Pradesh drought-free.
1 min
September 20, 2025
The New Indian Express Vijayawada
Corp tax mop-up rises, individual collections drop
Higher income tax exemption limit brings down personal advance tax collections
1 mins
September 20, 2025
The New Indian Express Vijayawada
No harassment of industrialists allowed: Dy CM
ASSERTING that steps will be taken to control the industrial pollution, Deputy Chief Minister (Environment and Forest) Pawan Kalyan has said the coalition government will not give scope to a situation that terrorises industrialists.
1 mins
September 20, 2025
The New Indian Express Vijayawada
PRICE WAR VROOMS
MAHINDRA JOINS MARUTI IN PRICE CUTS AFTER GST RATIONALISATION, ADDS BENEFITS TOTALING ₹2.56 LAKH
1 mins
September 20, 2025
The New Indian Express Vijayawada
K-point in India, Canada NSA talks
IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.
1 mins
September 20, 2025
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