SMFG India Credit has announced a strategic partnership with Google Pay to provide collateral-free personal loans to users across India. The collaboration enables eligible Google Pay users to apply for and receive loans directly through the app.
Loans under this partnership can be disbursed within minutes through an end-to-end digital process. The initiative ensures a seamless, safe and hassle-free borrowing experience, catering to the needs of digitally savvy customers.
The partnership supports SMFG India Credit’s commitment to financial inclusion by making formal credit more accessible to underserved and emerging customer segments. It also strengthens the company’s role in the digital lending ecosystem through technology-enabled solutions.
Commenting on the partnership, 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 is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, one of the largest global banking and financial services groups.
