Tier-2 cities lead digital credit use as 31% of urban consumers use it
In short
A report says 88% of urban consumers know about digital credit, but only 31% use it. It also says tier-2 cities lead in buy now, pay later use at 60% and credit applications at 41%.
This matters for lenders and apps because adoption is stronger outside big cities. The report source and timing are not stated.
What the reporting says
A report says 88% of urban consumers are aware of digital credit, but only 31% use it. It also says tier-2 cities lead buy now, pay later usage at 60% and credit applications at 41%. What is not stated is the report’s source, timing, or which lenders and platforms are most affected.
Why it matters
The report says awareness of digital credit is high among urban consumers at 88%, but actual use is only 31%, with tier-2 cities leading buy now, pay later usage at 60% and credit applications at 41%. This suggests stronger adoption outside metros, which matters for lenders, BNPL providers and digital credit platforms. The source of the report and the timing are not stated in the available summary.