India: Digital credit poised to be next step towards a cash-light economy

India: Digital credit poised to be next step towards a cash-light economy

The proliferation of digital credit by e-commerce firms can also aid SMEs which fail to get loans from traditional financial institutions due to the lack of credit history. Photo: SaiSen/Mint

From clothes to selfie sticks, Brandroot sells a plethora of goods online through the Snapdeal marketplace. However, at times, the business faced funding issues when payments were due to come from the e-commerce firm and payments were to be made to suppliers.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter