Paisalo Digital announced the signing of a Rs 500 crore co-lending MOU with FatakPay.

Under the MOU, the co-lending partnership will have an overall limit of  Rs 500 crore and will operate on an 80:20 participation basis, with Paisalo funding 80% and FatakPay funding 20% of each loan. The facility will focus on extending credit to eligible borrowers, including micro-enterprises and MSMEs.

As part of the operating framework, Paisalo will undertake KYC verification of customers in compliance with regulatory requirements and customer data storage in compliance with regulatory requirements.