Arun Nayyar, CEO, NeoGrowth Credit
Digital payments have the potential to become the entry point to the formal financial system for MSMEs in India, with the creation of payments track record that will allow these enterprises to borrow money without requiring the kind of documentation and data that traditional lenders normally require. Payments data thus becomes a key factor in extending financial inclusion. Robin Amlôt of IBS Intelligence speaks to Arun Nayyar, CEO of non-bank finance company NeoGrowth Credit which offers loans to the MSME sector by leveraging the digital payments ecosystem.
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