India’s fintech lenders draw younger, more rural customer base: Report
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India’s fintech lenders draw younger, more rural customer base: Report
Reading Time: 2 minutes India’s fintech lenders are drawing a younger and more rural customer base, with 61 per cent of borrowers being under the age of 30, and 24 per cent residing in rural areas, a report showed on 29 May. The share of prime and above-prime consumers in fintech originations has also increased steadily, reaching 62 per cent in December 2024 from 60 per cent in December 2023 and 55 per cent in December 2022. Notably, however, a…
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