Archive · 7 Dec 2025
Digital credit helps ease financial stress for salaried Indians
Piyush Bagaria, the co-founder of SalarySe, says that digital credit is becoming a helpful tool for many salaried workers in India.
About 100 million people with steady jobs still struggle to save money.
Digital payments, especially through UPI, are very popular and are expected to grow even more.
In 2024, about one-third of digital transactions used credit, showing that people are using credit more often.
Special credit programs linked to jobs use salary information to offer better loan options.
These programs also use AI to give personalized financial advice and help people save small amounts automatically.
This can reduce financial stress and make life better for workers.
Nearly 100 million salaried employees in India struggle with limited savings despite stable incomes.
UPI accounts for over 80% of retail digital payments and is projected to reach 91% by 2028-29.
About one-third of domestic digital transactions in 2024 involved credit, indicating a shift towards credit-enabled spending.
Employment-linked credit models use salary cycles and employer verification to determine credit access, offering more relevant borrowing and repayment options.
AI-driven tools analyze income and spending data to provide tailored financial guidance and encourage micro-savings features that divert small amounts into savings during repayment.
- Who
- Piyush Bagaria, Co-founder of SalarySe, and India's salaried workforce
- What
- The rise of digital credit solutions as a financial tool for salaried employees
- When
- Current trends and projections for 2028-29
- Where
- India
- Why
- To ease financial stress and improve financial stability for salaried employees
- Total Salaried Employees Struggling
- Nearly 100 million
- UPI Share of Retail Digital Payments
- More than 80%
- Projected UPI Share by 2028-29
- 91%
- Domestic Digital Transactions Involving Credit in 2024
- About one-third
- Key Feature of Employment-Linked Credit Models
- Use salary cycles and employer verification for credit access
- Role of AI in Digital Credit
- Analyzes income and spending data for tailored financial guidance
- Micro-Savings Feature
- Diverts small amounts into savings during repayment
