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FinTech Paisabazaar launches a Stack to digitize lending process, an Indian FinTech for digital lending products, has launched ‘Paisabazaar Stack’ to make loan disbursals and credit card issuance completely digital.

The digitisation stack, through integrations with bank and NBFC partners, would enable consumers on the Paisabazaar platform to access credit products through presence-less and contactless processes.

The FinTech has built completely digital solutions for KYC verification, income and employment validation, repayment set-up and consent on loan agreement.

Naveen Kukreja, CEO & Co-founder,, said, “As the market leader with partnerships with most large banks and new-age lenders, we believe is uniquely placed to accelerate this critical shift towards the much-needed digitisation of the entire ecosystem. I believe our Digitisation Stack is a big step in that direction.”

The company has currently partnered with private lender IndusInd Bank to offer customers on its platform a completely digital process for credit cards, using Paisabazaar Stack.

According to, with its Stack, a large section of customers would be able to access credit much quicker, from the comfort of their homes, with zero physical interaction as each erstwhile physical step in the lending process has now been built digitally. From an earlier 3 to 7-day disbursal time, Paisabazaar today, through its Digital Stack integrations with partners, can help provide unsecured loans within 3-5 hours. works with over 130 partners to offer all types of lending products on its platform to cater to the credit enquiries from over 1200 cities and towns every month. The fintech is currently working with several Banks and NBFCs to integrate its Stack and offer a wider choice of completely digital credit products on the Paisabazaar platform.

The stack provides, KYC Verification, Income & Employment Validation, Repayment Set-up & Agreements.

With the deployment of the Digitisation Stack, it would require minimum effort from the lenders and fast-track the NACH process, as would be able to verify the bank account details and set up repayment instructions through digital mandate on behalf of its partner lenders. A pre-filled digital agreement would be used to take customer consent through Clickwrap or OTP and live location data capture.

As lending, traditionally, has been predominantly dependent on offline and paper-heavy processes which needed physical interaction between the borrower and the lender, the industry was severely affected by the pandemic and lockdown, especially for the first two months, after the heath crisis broke out, the company said.


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