SMFG India Credit has partnered with Google Pay to offer collateral-free personal loans to users across the country. Through this strategic collaboration, eligible Google Pay users will be able to access personal loans seamlessly within the app.
The partnership enables quick loan disbursements within minutes through a completely digital process. This initiative is aimed at delivering a fast, safe and flexible borrowing experience to customers seeking convenient credit solutions.
By leveraging Google Pay’s digital platform, SMFG India Credit aims to expand the reach of formal credit to underserved and emerging segments. The collaboration also reinforces the company’s leadership in the digital lending ecosystem.
Sharing his views, Ajay Pareek, Chief Business Officer, SMFG India Credit said, “As part of its long-term strategy, SMFG India Credit continues to strengthen its leadership in the digital lending ecosystem by leveraging technology and forming strategic alliances with fintech platforms. These efforts reflect the company’s focus on expanding reach, promoting financial empowerment, and supporting the nation’s vision of a digitally inclusive economy.”
SMFG India Credit has been operating in India since 2007 and is a wholly owned subsidiary of Sumitomo Mitsui Financial Group.
