Pramiti Lonkar

What if Tally could talk to Zoho to exchange invoices, and make payments? Read to learn how Bharat Connect B2B can help create this ecosystem of interoperable ERPs for B2B payments.


Streamlining B2B payments for businesses: How Bharat Connect B2B reduces friction and eases payments

Monami Dasgupta

Have you heard about the comparative advantage concept in economics? Co-lending arrangement (CLA) is just that. Read to find out more about the recently published draft CLA guidelines by the RBI.

Decoding the draft co-lending regulations by RBI

Vinith Kurian

Part 2 of our blog series maps how digital lenders are using AI, analytics, and collaboration to combat fraud, ensuring security while maintaining seamless UX in a rapidly evolving threat landscape.


Outsmarting Fraudsters in Digital Lending: Detection and Mitigation Strategies for Lenders

Digital lending fraud is rising rapidly. This blog maps fraud risks across lending stages and explores how lenders can balance trust, innovation, and risk mitigation.


Mapping consumer-led frauds in digital lending

Devyani Parameshwar

Raghavendra Badaskar

This article explores how digitized financial assets like life insurance policies can enable credit access for underserved households, offering affordable liquidity and building credit profiles.

Transforming Credit Access with Digitized Life Insurance Policies

Using proprietor data from the Indifi - a lending fintech, this research paper highlights the positive relationship between digital payments and fintech lending in India.

Can digital payments increase the access to capital for a small business?

Can PFM apps transform personal finance? With AI, automation, and the Account Aggregator framework, they might finally deliver the smarter, personalized insights users need to stay engaged!


Why Everybody Loves a Good PFM App but It's So Hard to Build One!

Delegated payments on UPI could be pivotal in empowering dependents and underserved users with secure access to digital finance. Could it also unlock downstream financial products for them?


Digital payments for the next half billion

UPI's Next Frontier: Delegated Payments and the Future of Financial Access for Dependents

Can AI-generated financial advice compete with traditional human advice? Our survey findings reveal a shifting preference!


Do people prefer financial advice generated by ChatGPT over certified human advisors?

Wamika Das

Sripal Jain

In our last blog of this series, we explore how fintech innovations are streamlining debt collections using tech solutions to improve efficiency and borrower experience.


Decoding Digital Lending in India

How Fintech is Solving for Debt Collections

In our third blog of the series, we explore how fintech companies transform the underwriting process with AI and machine learning, making credit more accessible for millions of Indians.


Decoding the Fintech Revolution in Underwriting

In our second blog of the series, we delve into the digital lending models that enable fintechs to partner with regulated entities, securing the essential capital required for growth and innovation.

Decoding Emerging Digital Lending Models in India

Our first blog of the series explores the process of digital lending highlighting the roles played by multiple entities including fintechs in democratising credit in India.


Understanding the Mechanics of Digital Lending in India

The recent decline in household financial savings and the RBI's cautious approach to retail lending presents interesting opportunities for fintechs working on savings-based solutions.


Declining Household Savings Rate: An Opportunity for Fintech?

This blog explores potential fintech solutions like diverse payment methods, improved credit accessibility, and tailored insurance offerings for offline merchants that enable meaningful 'phygital' experiences for customers.

Digitisation of offline Indian merchants

Digitizing Traditional Retail: Promising Fintech Solutions for Indian Merchants

Bhaskar Gurnaney

Veni Gupta

Bhuvan Beejawat

A deep-dive into a potentially evolving whitespace in the Indian fintech landscape, focusing on the unique challenges faced by the elderly population.

Fintech for the Ageing Indian Population

In this episode of D91 Labs Idea Series, we have with us Kanika Kumar and Anukriti Kedia from IDEO. Under the Last Mile Money program and based on the insights from 100+ financial products across the world, they have built a design guide to inspire teams to build financial products for new internet users.

Are you a fintech or a financial institution that is building digital financial products for underserved last-mile users? Then this is an episode you don't want to miss!


D91 Labs on YouTube

Designing digital financial products for last-mile users

Rajashree Gopalakrishnan

In our fourth blog, we explore several perceptions and misconceptions that retailers hold about adopting technology and identify principles and potential solutions that might help bridge this gap


Bridging the Gaps: Enabling Technology Adoption for Long-Tail Indian Retail

In this blog, we uncover the barriers to long tail retailers' access to digital tools. Using formative research, we chart technology usage across various stages of their retail businesses.


Identifying Technology Adoption Gaps Among Long-tail Merchants

For the 10th episode of the D91 Labs Idea Series, we have with us Neha Juneja, Co-founder and CEO at IndiaP2P. 

In this interview, we will delve deep into how IndiaP2P is championing women-owned businesses, and revolutionizing P2P lending by making the process of investor capital reaching the last mile more efficient.

Enabling P2P Lending for India's Best Asset Class - Women Business Owners

Our second blog in the series on digitising Indian retail businesses covers the various digital tools available and how they could benefit a small or micro retailer

Imagining Digital Solutions for Small and Micro Retailers of India

Our first blog of this series explores the current landscape of small and micro-merchants in India and the potential for digitization to improve business outcomes.

Digitizing Small and Micro-Merchants in India - What’s missing?

This blog articulates the meaning, mechanisms and business motives behind offering embedded finance solutions.

Embedded Finance - 101

D91 Labs

Proposing ideas and interventions across the user journey by leveraging the insights collected from interviews in the Banking on Women series.

Banking on women

Playbook: Designing Financial Products for the Women of Bharat

We conducted an audit of popular fintech apps and assessed for deceptive design used by them. Here's what we found.

Tricked by Design: Deceptive Patterns in Indian Fintech Apps

In the fifth blog of the Digital Payments for the Next Half Billion series, we explore the importance of 'offline' digital payments in furthering financial inclusion in India.

Can ‘Offline’ Drive Digital Payments in India?

The fourth blog of the insights from the “Banking on Women” series covers our respondents’ views and apprehensions when it comes to insurance policies.

Women's obscure path from awareness to adoption of insurance products

For the 9th episode of the D91 Labs Idea Series, we have with us Beni Chugh and Srikara Prasad from Dvara Research’s Future of Finance initiative

In this interview, we will delve deep into understanding the new-to-UPI user’s experience where our guests will share the findings from a behavioural study with 262 respondents from Kerala and Uttar Pradesh.

Understanding digital payment journeys of new to UPI users

The third blog of the insights from the “Banking on Women” series covers our respondents’ views on savings, investments and emergency funds

Women’s choice between savings and investments to gain financial freedom

Our fourth blog examines the implications of enabling credit on UPI for financial inclusion in India. Is it an effective concept or just a case of much ado about nothing?

Can Credit on UPI drive Financial Inclusion in India?

The second blog of the insights from the “Banking on Women” series covers our respondents’ views on credit, their borrowing patterns, and preferences for credit instruments.

Women’s tenuous relationship with credit & the factors that affect their borrowing decisions

Blog one of this series contains insights on banking habits, digital payments and household expense tracking practices among the respondents.

Women’s journey from access to the usage of bank accounts and digital payment platforms

Our third blog of the Digital Payments for the Next Half Billion series explores if voice technology can bridge the digital divide and provide a more accessible way of making transactions digitally.

Voicing Their Needs: Can Voice Technology Make Payments Easier for Digital Newcomers?

For the 8th episode of the D91 Labs Idea Series, we have with us Pooja Haldea and Vartika Shukla, from the Centre of Social and Behaviour Change (CSBC) at Ashoka university. 


Can WhatsApp drive financial inclusion in Rural India?

Our guest for the 7th episode of the D91 Labs Idea Series is Arjun Arora, Co-Founder and CEO of Betafi.

Understanding Bharat better by simplifying UX research

Rutvik Paikine

In this blog, we share insights from our interviews with small sellers in India on how they imagine ONDC will alter business for them.

ONDC—Revolutionising e-commerce for last-mile merchants

Will ONDC solve problems faced by small sellers?

In our second blog of the Digital Payment for the Next Half Billion series, we explain the e-RUPI voucher-based payment, its usefulness for 'Bharat', and potential design flaws that could derail it.

Can ‘e-RUPI’ enable digital payments for the unbanked?

Our guest for the 6th episode of the D91 Labs Idea Series is Kuldeep Parashar, Founder, and CEO of PensionBox.

Digital Pension - Making retirement planning easy for Bharat

Our guest for the 5th episode of the D91 Labs Idea Series is Anup Pai, Founder, and CEO of e-Samudaay. 

E-samudaay is a collective aiming to empower entrepreneurs with DIY digital tools which can enable them to run digital businesses, serve their communities, and spark grassroots local innovations
 
In this interview, we ask Anup about his journey of building e-Samudaay and what that means for small-scale sellers in India. Anup is building e-Samudaay for Tier 3,4 and 5 cities and has already demonstrated it's potential for the sellers of Udupi. 

In recent times,  Govt. is testing the Open Network for Digital commerce (ONDC) which aims to improve discoverability for small sellers and decentralize the e-commerce experience for them. Anup shares with us e-Samudaay's plans to participate in ONDC and offer a revolutionary experience for the millions of sellers in Bharat. 

Decentralising e-commerce—Anup Pai on ONDC & eSamudaay

In our first blog for the Digital Payment for the Next Half Billion series, we explain the UPI Lite model, and its various use cases along with design suggestions for payment apps offering UPI Lite.

Has UPI Lite solved for small-value transactions in India?

ONDC might solve the distribution & discovery of small producers and sellers. Read to know how.

Re-imagining B2B e-commerce with the advent of ONDC

In this blog, we closely evaluate the extent to which an unbundled and interoperable e-commerce network might undo existing competition concerns.

Does ONDC address the competition concerns that plague Indian e-commerce?

This blog is a quick introduction to the ONDC model and its intended purpose of providing better e-commerce access to the merchants of Bharat

Why do we need ONDC for e-commerce?

Abhishek Gaurav

Multiple businesses still use cheques for payments. Cheque payments have inefficiencies that can be resolved with a digital post-dated payment platform (PDPP). Read here to know more about PDPP.

What if we could digitize the cheque payment process for businesses and banks?

Our guest for the 4th episode of the D91 Labs Idea Series is Sasidhar Thumuluri, MD and CEO of Sub-K impact solution. Sub-K is a digital finance (Fintech) company that offers affordable, accessible, and scalable financial and payment services to the underserved segment.

In this extensive interview, we ask Sasidhar some hard questions about digitizing the decades-old business model of cash-based MFI loan repayments. Sub-K has witnessed steady growth in the number of digital repayment made by its borrowers. This interview could be relevant to MFI institutions and researchers. 

D91 Labs Idea Series - #4 Sasidhar Thumuluri

Mahavir Chopra is the Founder and CEO of Beshak.org. He has 17 yrs of experience in digital insurance distribution before it was called Insurtech and previously worked at Coverfox. In this interview, we have discussed some of the challenges in building and distributing suitable, tailored, and unbiased insurance-related services. 


D91 Labs Idea Series - #3 Mahavir Chopra

Kalpitha Jagadeesh

Neeti Bhatt

No matter how much I have studied, the environment in a village is such that most of us are not very technologically savvy and are unaware of how to transition to the digital age without assistance.

#20 Arundathi | Chief of all trades

Delving into digital payment usage patterns of small vendors, and the role of UX research and design in building financially inclusive products for new smartphone users.

The QR code revolution in payments — what's missing?

Several times, irrespective of my skill sets, organizations have decided not to move forward with me because I don’t have the right qualifications on paper.

#19 Raksha | Mastering the hustle culture despite setbacks

I am not aware of how to do things online, so I rely on my husband to manage my finances. But with the right guidance, I hope to change that for myself soon.

#18 Farah | Silver lining of cloud kitchens

I am happy where I currently am because there have been many ups and downs in my life before. Therefore, I feel as long as things are going smoothly, it’s fine.

#17 Pavitra | The power of starting small

Sonal Agrawal, COO and co-founder of Lakshya inclusion services, 
talks about innovative and suitable financial solutions for the financially underserved segment. 

D91 Labs Idea Series—#2 Sonal Agrawal

Sure you need money to do things, but thinking about personal development is also important and money is not the only factor that comes into play.


#16 Mary | Carving out a niche for herself

To be honest, in the initial phase of my journey a lot of people have tried to fool me for the simple reason that I am a woman.


#15 Dimple | Inspiring hope for rural business women

Kumar Shailabh, the co-founder of Uplift Mutuals talks about the mutual model of health financing in the first-ever collaboration under the D91 Labs Idea Series!

D91 Labs Idea Series—#1 Kumar Shailabh

In order to be able to move forward with finances, it is important to be able to trust the system or the person who is willing to guide you.


#14 Deeksha | Credit in the time of Covid-19

We have parsed through the All India Debt and Investment Survey (2019) to map where Indians stand in terms of accessing and using financial products and services.

Financial report card of the people of India (Assets)

Whenever I want to make an investment, I talk to my husband as he is very supportive or even my father-in-law sometimes because according to me male members have a lot of knowledge about these things.


#13 Priya | Tailoring her financial future

We hosted a webinar on women’s financial inclusion by bringing together the experience of 6 women working at the intersection of finance, tech & research for women. Here’s our final learnings!


Insights from banking on women project

Women are buyers, they cannot be sold to!

The general financial advice anybody would give you is to have six months worth of your salary in liquid cash, but that is not the case for me.


#12 Anjali | Coping with a chequered life

We hosted a webinar on women’s financial inclusion by bringing together the experience of 6 women working at the intersection of finance, tech & research for women. Here’s part 2 of our key learnings!


Every woman entrepreneur without exception has had to have jugaad to get her legs off the ground!

I invest to have a better lifestyle. I am trying to stabilize my career as I want to become financially independent and early retirement is an aspiration for me.


#11 Pragati | Investing in a brighter future

We hosted a webinar on women’s financial inclusion by bringing together the experience of 6 women working at the intersection of finance, tech & research for women. Here’s part 1 of our key learnings!


Good girls don't talk about money!

I believe that in case an emergency arises, we should be in a financially stable position to fight that. I never want to be in a situation where I have to go to someone else and ask for money.


#10 Zainab | Building structures to building narratives

So what happens in villages is that people really try to fool you when you are a woman and think that you don't understand what has to be done in terms of financial matters.


#9 Anupama | From being digital first to digitizing other women

On the occasion of International Women’s Day, this webinar looks at women’s access to and usage of traditional / digital financial products and services.

International Women’s Day webinar

In my house, though I am the most comfortable with digital payments, somewhere my decision-making becomes weak when it comes to financial matters because I have been dependent on my husband till now.

#8 Bhakti | Re-entering the workforce after 12 years

Allwin Williams

The digital financial inclusion for low value, high volume vendors


Designing inclusive solutions for securing the financial future of a kirana wallah

If my parents hadn’t told me the importance of investing, I probably wouldn’t have started. Having a service that increases awareness about finances will definitely benefit everyone.

#7 Sandhya | From IT to agri-entrepreneurship

Join us on an insightful discussion on the many facets of a woman’s financial and entrepreneurship journey.


Moving from access to usage—Making formal finance work for women

Not everybody is from the banking sector, so a platform to help bridge the financial knowledge gap will make it much easier for the masses to grasp things without feeling like we are lacking.


#6 Preksha | Investing in kids, at home and at work

Initially, most of my investments were for my children, but now they're old enough and don't need it. Since that money and my Guwahati flat rent had accumulated, my brother suggested that I invest it.


#5 Ritika | From teaching kids to learning business

Vishal Ramprasad

Exploring the needs of mobility participants from insurance products!


Auto-rickshaw wallahs and insurance – investing in a digital future

Initially, it hurts to pay for investments every month because that money cannot be used for other things, but eventually when you see your money grow, it feels great.


#4 Bhavana | One Mandala at a time

For me, trust and confidence in the institution is of utmost importance when taking financial decisions such as loans because there are a lot of swindlers who try to extract money from a debtor.

#3 Susan

As solo entrepreneurs, we should always fix the cost of our effort because if we were to hire somebody else, they would have also taken their share.


#2 Tara

Anurag Gupta

Sumanth Suri

The trucking industry in India has a sizeable untapped opportunity i.e. access to short-term credit for truck drivers. This blog explores how FASTag infrastructure can help to solve this problem.

Credit for truck drivers using FASTag information - an opportunity

In my life, I have learned the hard way about the value of financial knowledge and so I am educating my daughter about finances at a young age itself.


#1 Rachana

Introducing a series chronicling the financial journeys of the women of Bharat


The final blog of our 3 part series. In this piece, we discuss some insights on Covid, fintech and the goal of financial inclusion.

Covid and fintech

Covid-19 pandemic and the Fintech industry — Key takeaways, Part III

The second blog of our 3 part series. In this, we discuss the fintech industry’s commitment to expanding business through new customers, new products, and reimagined services.

Covid-19 pandemic and the Fintech industry — Key takeaways, Part II

The first blog of our 3 part series. In this, we discuss the fintech industry’s commitment to expanding business through new customers, new products, and reimagined services.

Covid-19 pandemic and the Fintech industry — Key takeaways, Part I

An introduction to the “Covid and Fintech Industry” series, that present key takeaways from our research through existing literature on this subject and interaction with members of the fintech community.

Covid-19 pandemic and the Fintech industry — An introduction

Neha Beri

Serving rural India needs better access to financial products. Among other things, they need phygital services, customer education, and suitable products.


Banking for Rural Bharat

Anushri Uttarwar

Atreya Arun

Unpacking the role of fintech in driving financial inclusion for women-led businesses

The fintech call for women-led businesses

How the AA framework opens up new avenues & greater efficiency for MSME lending

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Download D91's underwriting data report — Alternative sources of data in Lending

Inner circle

A space for like-minded members of the fintech community to participate in their shared goal of achieving financial inclusion.

As part of this series, we work with multiple collaborators on anything fintech.

Want to join us?

Part of Inner circle collaborations

Transforming Credit Access with Digitized Life Insurance Policies

Fintech for the Ageing Indian Population

What if we could digitize the cheque payment process for businesses and banks?

Designing inclusive solutions for securing the financial future of a kirana wallah

Auto-rickshaw wallahs and insurance – investing in a digital future

Credit for truck drivers using FASTag information - an opportunity

Banking for Rural Bharat

The fintech call for women-led businesses

Credit where credit is due — Enabling MSME businesses through the AA framework

Bridging the credit gap with 'Buy now pay later' products

Download D91's underwriting data report — Alternative sources of data in Lending

Inner circle

A space for like-minded members of the fintech community to participate in their shared goal of achieving financial inclusion.As part of this series, we work with multiple collaborators on anything fintech.

Want to join us?

Part of Inner circle collaborations

Transforming Credit Access with Digitized Life Insurance Policies

Fintech for the Ageing Indian Population

What if we could digitize the cheque payment process for businesses and banks?

Designing inclusive solutions for securing the financial future of a kirana wallah

Auto-rickshaw wallahs and insurance – investing in a digital future

Credit for truck drivers using FASTag information - an opportunity

Banking for Rural Bharat

The fintech call for women-led businesses

Credit where credit is due — Enabling MSME businesses through the AA framework

Bridging the credit gap with 'Buy now pay later' products

A space for like-minded members of the fintech community to participate in their shared goal of achieving financial inclusion.

As part of this series, we work with multiple collaborators on anything fintech.