Online lending firms in India looking at disbursing $20-40b over next five years, says Paytm chief

Online lending firms could disburse anywhere between $20 to $40 billion to borrowers over the next five years in India, and a large portion of this lending volume may come from existing fintechs who have already established a user base in digital payments, online insurance and wealth management segments, said Paytm chief executive and founder Vijay Shekhar Sharma.