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Digital payments revolution to transform credit disbursal

The pace at which this transformation can take place is breathtaking

Amitabh Kant. Chief executive officer, NITI Aayog
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Amitabh Kant. Chief executive officer, NITI Aayog

Ishan Bakshi New Delhi
The digital payments revolution is likely to trigger a sea change in the way credit is disbursed in India.

“Data from the GST (goods and services tax) Network, eNAM and direct benefits transfer will provide a wealth of information for data analytics,” said Amitabh Kant, chief executive officer of NITI Aayog. “This information can be used by institutions to help drive credit (to the poor), which will help uplift them from poverty.”

Speaking at the Inclusive Finance India Summit-2017 on Monday, Kant said: “In value terms, we have seen huge growth in digital transactions. A lot of innovation is taking

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