But do they do underwriting using that data? I’m not sure. And if they don’t have a Payments Bank licence, then they are really a loan “aggregator” kind of thing. Because they can’t lend if they’re not Finance company or bank. They’re tech company only… Or they are like that already.
Eventually the other fintech company can also replicate this model.
IMO, finance business is great also if you have such data, which you mentioned. I would like PayTM more if they have their own banking services. Partnership with banks, any other fintech can do. And maybe PhonePe is already doing great.
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