Along with connections to our social media platforms, this page contains information about our press appearances, press releases, articles, and posts. If you have any questions about the media, please get in touch with us at team@faceofindia.org
Mumbai, 21st Feb 2024: The Fintech Association for Consumer Empowerment (FACE), an industry body convening digital lenders, has released a new report, Fintech Personal Loans, analysing trends from data of 71 Fintech NBFCs from April 2018 to September 2023.
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Mumbai, 15 September 2023: To further strengthen the customer protection measures amongst members and the fintech digital lending industry, the Fintech Association for Consumer Empowerment (FACE)..
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Delhi/Mumbai, 13th Feb 2023: Fintech Association for Consumer Empowerment (FACE) is an industry body of fintech lenders working towards building a consumer-first ecosystem for digital lending..
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Mumbai, 11th September 2023: Digital lending continues to expand its impact, with lending volumes and value growing at annual growth rates of 31% and 32%, respectively, in Q1 of FY 23-24...
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Mumbai, XX December 2023: Digital lending plays a vital role in meeting the credit needs of the unaddressed market segments in India. According to the 8th edition of the FACETS report..
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Mumbai, 31st May 2022: A new publication, titled FACETS released by the Fintech Association for Consumer Empowerment (FACE), reports that fintech lending companies doubled the..
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19 October 2023: At Google for India 2023, Google announced that its collaborating with industry body Fintech Association for Consumer Empowerment (FACE) and onboarding them as a priority flagger..
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Mumbai, February XX, 2023: In an evolving landscape, fintech lenders continue to expand the credit penetration by registering tremendous growth in disbursement over the last year..
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Delhi/Mumbai, 18th Jan 2023: To systematically identify and assess the risks in the fintech industry, Fintech Association for Consumer Empowerment (FACE) and..
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The total disbursement volume increased to 1.63 crore in Q2 2022 from 65.56 lakh in the same period last fiscal.....
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According to a report by FACE, growth trends have been in the positive territori and disbursement volume and value grew by 149% and 216% respectively on a YoY....
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In Q2FY23, the total value of loans disbursed by digital lending platforms amounted to Rs 14,016 crore compared to Rs 4,435 crore in the total value of loans disbursed in the same quarter last year......
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The total disbursement volume increased to 1.63 crore in Q2 2022 from 65.56 lakh in the same period last fiscal.....
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Credit and finance for MSMEs: The average ticket size at an aggregated level stood at Rs 12,368 with marginal changes during Q2 in comparison to Rs 12,451 during Q1 and Rs 11,815 during Q2 last fiscal......
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Digital lending platforms have seen their disbursals rise by over threefold year-on-year in Q2 FY23 to ₹14,016 crore. In the same period last year, they stood at ₹4,435 crore.....
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Credit and finance for MSMEs: The average ticket size at an aggregated level stood at Rs 12,368 with marginal changes during Q2 in comparison to Rs 12,451 during Q1 and Rs 11,815 during Q2 last fiscal.
Read More
In Q2 FY 21-22, the total value of loans disbursed by digital lending platforms amounted to ₹4,435 crore while a year later in Q2 FY 22-23, it increased to ₹14,016 crore.....
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Financial technology or fintech lending companies doubled disbursements in the financial year 2021-22, giving a total of 2.66 crore loans worth ₹18,000 crore, according to a report by Fintech Association for Consumer Empowerment (FACE).
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Sugandh will drive the Association's efforts to bring together digital lending players to collectively advance customer-centricity through self-regulation and customer empowerment
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SROs are non-governmental organizations that set and enforce rules and standards relating to the conduct of entities in their respective segments.
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A Self-Regulatory Organisation (SRO) in the digital lending industry will help curb unethical practices.
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This follows an RBI working group, tasked with studying digital lending by regulated and unregulated financial sector players, recommended creation of SROs to check the activities of such lenders
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Fintech Association for Consumer Empowerment (Face), a body of digital lenders on Thursday said it has applied to the Reserve Bank of India (RBI) to take on the role of a self-regulatory organization (SRO) in the digital lending industry.
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Sugandh will drive the Association's efforts to bring together digital lending players to collectively advance customer-centricity through self-regulation and customer empowerment
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There are certain myths and apprehensions about the use of digital lending platforms in India. Let’s look at some of these myths that stand debunked so that borrowers can make an informed decision.....
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Financial technology (fintech) lenders are witnessing a slowdown in loan collections during the second wave of COVID-19, with paybacks for overdue loans being impacted by up to 20 percent...
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About 45 per cent of fintech and digital lenders did not witness any significant impact on business during the second wave of the Covid-19 pandemic, according to a new survey...
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The second wave of the Covid-19 pandemic may not be as devastating for financial technology (fintech) firms as the first wave, revealed survey of top 20 firms by the Fintech Association for Consumer Empowerment (FACE)...
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At Google for India 2023, Google announced that its collaborating with industry body Fintech Association for Consumer Empowerment (FACE) and onboarding them as a priority flagger...
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The study is part of a market monitoring exercise to understand how risks change and how stakeholders perceive these risks as the Indian fintech lending sector evolves....
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Industry body Fintech Association for Consumer Empowerment (FACE) has come forward in support of the Central Government’s actions and the policy.....
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To systematically identify and assess the risks in the fintech industry, Fintech Association for Consumer Empowerment (FACE)...
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Fintech Association for Consumer Empowerment (FACE), the industry body of fintech lenders, has announced that it wholeheartedly supports the central government's actions and the policy intent to ban predatory....
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The government's actions to ban predatory lending apps come as a welcome step to ensure that only legitimate lending apps operating under the RBI's regulatory framework are available to consumers.....
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To systematically identify and assess the risks in the fintech industry, Fintech Association for Consumer Empowerment (FACE) and Center for Financial Inclusion (CFI)....
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Nearly nine in 10 customers in India use fintech lending apps to take loans for emergencies, medical and upskilling needs, a new report said on Thursday.
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Borrowers are now looking at FinTech lending apps to manage their credit needs....
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A first of its kind in India, Luminate Exchange is a risk management exchange that will enable fintech lenders to mitigate fraud real-time, using the power of big data
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To systematically identify and assess the risks in the fintech industry...
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According to a report by FACE, growth trends have been in the positive territori....
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Fintech Association for Consumer Empowerment (FACE), the industry body of fintech lenders, has announced that it wholeheartedly supports the central government's actions and the policy intent to ban predatory lending apps with dubious antecedents. This, it said, would ensure that only legitimate lending apps operating under the RBI’s regulatory framework are available.....
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Another industry body, Digital Lenders’ Association of India, which has over 80 members with $5-6 billion in annual disbursements, is also active in the space.
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Delinquency rates for India’s digital lending industry fell 50 basis points to 4.2% in FY23, according to a report by Fintech Association For Consumer Empowerment (FACE) and credit rating agency Equifax...
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Fintech lending companies defied layoff trends and increased their total number of employees from 10,779 in FY21-22 to 15,326 in FY22-23, an increase of 42 percent....
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Fintech lenders' disbursements grew two and half times year-on year (YoY) to Rs 92,848 crore in the financial year ended March 2023 (FY23), reflecting strong demand amid economic growth.....
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The digital lending sector saw decent growth in the fourth quarter of the last financial year after a slump in the previous quarter...
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Domestic digital lenders disbursed loans worth Rs 18,537 crore in Q3 of FY23...
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Domestic digital lenders disbursed loans valued at ₹18,537 crore in Q3 of FY23, registering a growth of 118% YoY as against ₹8,520 crore in the same period a year ago...
Read More
Despite facing regulatory challenges, fintech lenders continue to expand the credit penetration with loan disbursements growing more than 60% in one year....
Read More
Fintech Association for Consumer Empowerment (FACE) the industry body of fintech lenders...
Read More
The Fintech Association for Consumer Empowerment (FACE), an industry body of fintech lenders, has voiced its support for the Indian government's efforts to ban predatory lending apps...
Read More
To systematically identify and assess the risks in the fintech industry, Fintech Association for Consumer Empowerment (FACE)...
Read More
Disbursement by digital landing platforms more than tripled during Q2FY23 to Rs. 14,016 crore...
Read More
Credit and finance for MSMEs: The average ticket size at an aggregated level stood at Rs 12,368 with marginal changes during Q2 in comparison to Rs 12,451 during Q1 and Rs 11,815 during Q2 last fiscal...
Read More
In Q2 FY 21-22, the total value of loans disbursed by digital lending platforms amounted to ₹4,435 crore while a year later in Q2 FY 22-23, it increased to ₹14,016 crore....
Read More
Borrowers are now looking at FinTech lending apps to manage their credit needs...
Read More
Financial technology or fintech lending companies doubled disbursements in the financial year 2021-22, giving a total of 2.66 crore loans worth ₹18,000 crore, according to a report by Fintech Association for Consumer Empowerment (FACE)....
Read More
Fintech Association for Consumer Empowerment (Face), a body of digital lenders on Thursday said it has applied to the Reserve Bank of India (RBI) to take on the role of a self-regulatory organization (SRO) in the digital lending industry...
Read More
Recent recommendations of a Reserve Bank of India (RBI)-appointed internal working group on digital lending, if accepted...
Read More
Starting this October, your online subscription payments might not go through. This is because of RBI’s guideline on recurring payments, according...
Read More
There are certain myths and apprehensions about the use of digital lending platforms in India. Let’s look at some of these myths that stand debunked so that borrowers can make an informed decision...
Read More
Financial technology (fintech) companies disbursed 22.2 million loans in the first quarter of Financial Year 2023-24 (Q1 FY24), growing 30.6 per cent year-on-year (YoY), said an industry association on Monday...
Read More
As a whole, about 2% of loans were disbursed using the AA framework, the report said, adding that it is an encouraging beginning considering that the AA ecosystem has progressed in recent months....
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Digital loans to customers in Tier-3 cities accounted for 40 per cent of the total digital lending disbursements in FY23, followed by Tier-2 cities comprising 35 per cent loans and Tier-1 cities the remaining 25 per cent...
Read More
Consolidating growth in digital lending, fintech players disbursed loans worth Rs 92,267 crore in the year ended March 2023, showing a 21 per cent year-on-year (Y-o-Y) increase over FY22...
Read More
Delinquency rates for India’s digital lending industry fell 50 basis points to 4.2% in FY23, according to a report by Fintech Association For Consumer Empowerment (FACE) and credit rating agency Equifax...
Read More
Fintech lending companies defied layoff trends and increased their total number of employees from 10,779 in FY21-22 to 15,326 in FY22-23, an increase of 42 percent....
Read More
Fintech lenders' disbursements grew two and half times year-on year (YoY) to Rs 92,848 crore in the financial year ended March 2023 (FY23), reflecting strong demand amid economic growth.....
Read More
The digital lending sector saw decent growth in the fourth quarter of the last financial year after a slump in the previous quarter...
Read More
Domestic digital lenders disbursed loans worth Rs 18,537 crore in Q3 of FY23...
Read More
Domestic digital lenders disbursed loans valued at ₹18,537 crore in Q3 of FY23, registering a growth of 118% YoY as against ₹8,520 crore in the same period a year ago...
Read More
Despite facing regulatory challenges, fintech lenders continue to expand the credit penetration with loan disbursements growing more than 60% in one year....
Read More
Fintech Association for Consumer Empowerment (FACE) the industry body of fintech lenders...
Read More
The Fintech Association for Consumer Empowerment (FACE), an industry body of fintech lenders, has voiced its support for the Indian government's efforts to ban predatory lending apps...
Read More
To systematically identify and assess the risks in the fintech industry, Fintech Association for Consumer Empowerment (FACE)...
Read More
Disbursement by digital landing platforms more than tripled during Q2FY23 to Rs. 14,016 crore...
Read More
Credit and finance for MSMEs: The average ticket size at an aggregated level stood at Rs 12,368 with marginal changes during Q2 in comparison to Rs 12,451 during Q1 and Rs 11,815 during Q2 last fiscal...
Read More
In Q2 FY 21-22, the total value of loans disbursed by digital lending platforms amounted to ₹4,435 crore while a year later in Q2 FY 22-23, it increased to ₹14,016 crore....
Read More
Borrowers are now looking at FinTech lending apps to manage their credit needs...
Read More
Financial technology or fintech lending companies doubled disbursements in the financial year 2021-22, giving a total of 2.66 crore loans worth ₹18,000 crore, according to a report by Fintech Association for Consumer Empowerment (FACE)....
Read More
Fintech Association for Consumer Empowerment (Face), a body of digital lenders on Thursday said it has applied to the Reserve Bank of India (RBI) to take on the role of a self-regulatory organization (SRO) in the digital lending industry...
Read More
Recent recommendations of a Reserve Bank of India (RBI)-appointed internal working group on digital lending, if accepted...
Read More
Starting this October, your online subscription payments might not go through. This is because of RBI’s guideline on recurring payments, according...
Read More
There are certain myths and apprehensions about the use of digital lending platforms in India. Let’s look at some of these myths that stand debunked so that borrowers can make an informed decision...
Read More
Financial technology (fintech) companies disbursed 22.2 million loans in the first quarter of Financial Year 2023-24 (Q1 FY24), growing 30.6 per cent year-on-year (YoY), said an industry association on Monday...
Read More
As a whole, about 2% of loans were disbursed using the AA framework, the report said, adding that it is an encouraging beginning considering that the AA ecosystem has progressed in recent months....
Read More
Digital loans to customers in Tier-3 cities accounted for 40 per cent of the total digital lending disbursements in FY23, followed by Tier-2 cities comprising 35 per cent loans and Tier-1 cities the remaining 25 per cent...
Read More
Consolidating growth in digital lending, fintech players disbursed loans worth Rs 92,267 crore in the year ended March 2023, showing a 21 per cent year-on-year (Y-o-Y) increase over FY22...
Read More
