Wire · opportunities
How SBI Is Revolutionising Small Business Lending With UPI Data
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Fusion42 · 12 September 2026 · Fusion42 review
State Bank of India is developing a credit assessment system that uses UPI transaction data as a proxy for sales to extend fast digital loans to small businesses without GST registration, aiming to close financing gaps in the informal sector.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 11 Sep 2026 and 12 Sep 2026.
◆ ◆ The Wire takeaway
You can now use digital payments as sales proof to prove lending risk in India's informal sector. This opens a fast track to offer loans to millions of small businesses outside formal tax registrations.
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2 sources · first reported 11 Sep 2026 · latest 12 Sep 2026
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