were the most preferred loan type disbursed by NBFC-fintech with a market share of 7.35 per cent by number of active loans. Personal loan disbursements by NBFC-fintech companies
grew by 110 per cent in 2019 compared to industry average growth of 22 per cent, it said.
During the period, new to fintech (financial technology) credit customers were in the range of 27-33 per cent across quarters.
Business loans portfolio outstanding rose 74 per cent from December 2018 to December 2019, as per the report.
Fintechs' lending in urban and semi-urban geographies accounted for 89 per cent by disbursed amount and 80 per cent by number of loans in 2019, it showed.
The report expects the overall transaction value in the Indian fintech market to go up steeply from around USD 65 billion in 2019 to USD 140 billion in 2023.
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