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Digital debt collection makes strides as lenders use tech to cut visits
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Raghu Mohan
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'We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion,' says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere. 'WhatsApp, used by over 550 million of us, is now a default channel for collections and legal followups,' points out Nitin Purswani, cofounder and CEO of Medius Technologies. And that 'over 25 million people paid EMIs digitally in May 2025. Many of these are missed
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Economic Times
31 minutes ago
- Economic Times
India bonds may continue to see selling pressure at start of week
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Mint
2 hours ago
- Mint
Bank holiday today: Are banks in Gangtok closed for Drukpa Tshe-zi festival on July 28? Check full schedule here
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Time of India
2 hours ago
- Time of India
RRB Technician Recruitment 2025: Registration deadline extended till this date, check direct link and how to apply online here
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