Aim to connect lenders, customers for financial needs: PhonePe Lending CEO

In unsecured loans, there is no asset or underlying security that is taken from the customer, said Gala

PhonePe has launched secured lending products on its platform by partnering with banks, non-banking financial companies (NBFCs) and other fintech firms. In an interview, with Peerzada Abrar and Ajinkya Kawale, Hemant Gala, chief executive officer (CEO) of PhonePe Lending, said this initiative provides the Walmart-owned fintech firm the opportunity to connect lenders and millions of its customers across the country on a single platform to meet their financial needs.

You expanded your loan distribution offering with the secure lending part. How big is this opportunity?

It is a very varied space. A growing number of new users with new