Paisabazaar.com, announces the launch of a digital lending solution called ‘Paisabazaar Stack’ using Microsoft Azure technologies and Azure AI. This will aid in optimizing loan disbursals and credit card issuance. This stack is integrated with Paisabazaar’s partner banks and NBFCs and has been developed on the Azure platform. 

The company proclaims that the new solution will give consumers access to credit products through end-to-end presence-less and contactless processes. If the banks and non-banking financial corporations (NBFCs) previously took three-to-seven days to disburse unsecured loans.

Through end-to-end presence-less and contactless processes, the company proclaims that the new solution will give consumers access to credit products. 

The Stack will allow them to disburse unsecured loans in a presence-less, completely digital manner, within five hours, if the banks and non-banking financial corporations (NBFCs) previously took three-to-seven days to disburse unsecured loans.

Traditionally requiring in-person meetings between the applicant and back representative to fill up forms, collection of supporting documents and verification of identity, Paisabazaar.com is known for fast-tracking the lending process. They have more than 130 partners that have lending products and services.