Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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India’s digital lending industry has ample room for growth. There are several factors that can contribute in ensuring a golden future for the sector, but two elements emerged as most crucial in a poll of senior industry representatives.

39% respondents stated the evolution of payment/credit technologies as a more important factor than digital literacy, which 30% said was the most significant factor that will determine the future of the industry. 26% of executives stated that regulatory overhaul is the most significant contributing factor towards the sector’s future.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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