Payment apps eye India's next credit boom as trust gap persists

Bengaluru, Oct 13 (UNI) India's digital finance industry is looking beyond payments for its next phase of growth, but converting widespread digital-payment habits into greater adoption of credit remains a challenge, with consumer trust emerging as a key hurdle, according to a report by Pahlé India Foundation in collaboration with Amazon Pay. The report, How Urban India Pays 2026, found that while 88 per cent of urban consumers were aware of digital credit, only 31 per cent had used it. At the same time, 75 per cent had accessed at least one financial product through their primary payment app, indicating…