Microfinance in India
Who regulates MFIs and SACCOs, the payment rails members use, and the Zung solutions for India. Currency: Indian rupee (INR).
Market at a glance
Regulators
- Reserve Bank of India (RBI) — NBFC-MFIs and small finance banks
- NABARD — SHG–Bank Linkage Programme
- State cooperative registrars — cooperative societies
Institution types
- NBFC-MFIs
- Small finance banks
- Self-help groups (SHGs)
- Joint liability groups (JLGs)
- Cooperative banks
Mobile money & payments
- UPI
- Aadhaar-enabled payments (AePS)
- IMPS and NEFT
Credit reference bureaus
- TransUnion CIBIL
- Experian India
- Equifax India
- CRIF High Mark
Zung Store solutions for India
Plugins marked Live run in Zung today. Store listings are offered in the Zung Store — confirm availability for your institution before you plan around one.
SHG-Bank Linkage (India)
Store listingIndia Self-Help Group management compliant with NABARD SHG-Bank Linkage Programme — group grading, revolving fund tracking, bank linkage documentation, and SHG passbook …
Group & Solidarity LendingJLG NBFC-MFI Compliance (India)
Store listingJoint Liability Group management meeting RBI NBFC-MFI regulations — 5-member groups, 46-week cycles, weekly/fortnightly meetings, income assessment, indebtedness checks,…
Regional ComplianceRBI NBFC-MFI Reporting (India)
Store listingReserve Bank of India quarterly and annual filing automation for NBFC-MFIs — portfolio returns, client indebtedness reporting, pricing compliance, and MFIN data submissi…
KYC & IdentityAadhaar eKYC India
Store listingUIDAI Aadhaar biometric national ID — paperless KYC with OTP or biometric. Used by all regulated MFIs in India, covers 1.3B+ residents.
Mobile Money — AsiaRazorpay / UPI India
Store listingIndia’s dominant payment gateway — UPI, cards, net banking, wallets in one API. 10B+ UPI transactions/month. Non-negotiable for any India MFI or NBFC.
Global PaymentsdLocal (LatAm + Africa + Asia)
Store listingEmerging markets payment aggregator — LatAm (Brazil, Mexico, Colombia, Peru), Africa (Nigeria, Egypt), Asia (India, Indonesia) in one API. Covers markets where no other …
Credit BureauxExperian API (44 countries)
Store listingReal-time credit files across 44 countries — UK, US, Brazil, India, South Africa. Bureau scores and Delphi scores in zung.ai credit decisioning.
Credit BureauxCIBIL (TransUnion India)
Store listingIndia’s primary credit bureau — CIBIL scores, credit reports, and commercial CIBIL for SME lending. Mandatory for all RBI-regulated MFIs.
Open BankingNova Credit (Immigrant Scores)
Store listingTranslates foreign credit history to US-equivalent scores — India, Mexico, UK, Canada, Australia, 15+ countries. Critical for immigrant-focused US MFIs.
Integration kits that fit
Member onboarding with KYC
LiveRegister members at a branch or in the field with ID documents, next of kin and employment details.
SMS repayment reminders
LiveRemind members before the due date and confirm every payment by SMS.
Works in any market 29
Global payments, identity, compliance, insurance and AI plugins
AI Loan Underwriting
Store listingML credit underwriting trained on cooperative repayment behavioural data — thin-file specialist, alternative data integration, explainable AI decisions, and continuous m…
Alternative Credit Data Engine
Store listingThin-file credit scoring using mobile airtime usage, utility payment history, social data, and behavioural patterns — enabling creditworthiness assessment for members wi…
AWS SageMaker
Store listingFull ML lifecycle on AWS — train, tune, and deploy custom credit and risk models using your own institutional data.
Azure OpenAI
Store listingGPT-4o integrated into zung.ai workflows — compliance analysis, member communication drafting, loan officer AI assistant. Data stays in your Azure tenant.
Carbon Credit Registry
Store listingTrack and monetise carbon credits from green-financed assets — solar panels, efficient cookstoves, sustainable agriculture. Connects to Verra, Gold Standard, and ACR reg…
Document Intelligence (OCR & AI)
Store listingOCR and AI extraction from financial statements, payslips, title deeds, and ID documents — auto-populates loan applications, income calculations, and KYC profiles with z…
Google Vertex AI
Store listingManaged ML on Google Cloud — custom fraud and credit models with AutoML and BigQuery integration for portfolio intelligence.
Satellite Farm Valuation
Store listingRemote sensing and NDVI-based agricultural collateral assessment without field visits — crop health scoring, yield estimation, drought risk, and flood exposure using Sen…
Bird (MessageBird)
Store listingUnified communications — SMS, WhatsApp, email, push, voice. 190+ countries and pre-built zung.ai message templates.
Infobip
Store listingGlobal communications — SMS, WhatsApp, Viber, RCS, email, voice across 190 countries. OTP delivery and conversational banking in 60+ languages.
ComplyAdvantage AML
Store listingReal-time AML/CFT monitoring — 2M+ entities, FATF watchlists, PEP screening, sanctions from 200+ jurisdictions, AI adverse media, auto-SAR.
NICE Actimize
Store listingEnterprise AML — transaction monitoring, case management, SAR filing, AI risk scoring across AML, fraud, bribery, insider trading.
Refinitiv World-Check
Store listing6M+ profile database — PEP, sanctions, watchlists, adverse media covering 240+ countries with continuous monitoring.
Adyen
Store listing87 payment methods across 150+ currencies — cards, wallets, local bank transfers in one API. In-person terminals and embedded finance.
Airwallex Treasury
Store listingMulti-currency accounts and FX for institution treasury — hold, convert, and pay in 140+ currencies at interbank rates.
Marqeta Card Issuing
Store listingIssue virtual and physical debit cards to MFI members for loan disbursements and cashback. Just-in-time funding and real-time spending controls.
Nium Global Payouts
Store listingGlobal payouts to 220+ countries, card issuing, and multi-currency wallets. Ideal for diaspora remittance products and loan disbursements worldwide.
Stripe Connect
Store listingGlobal payment infrastructure for 195 countries — card processing, bank debits, digital wallets, and real-time payouts in 135+ currencies. PCI DSS Level 1.
Wise Platform
Store listingReal-exchange-rate transfers and multi-currency accounts for 160+ countries. 50%+ cheaper than bank wires. Batch payments for loan disbursements.
Allianz Partners
Store listingAllianz bancassurance API — travel, life, health, device protection in 70+ countries. Instant policy issuance and real-time claims.
Bima Micro-Insurance
Store listingMobile micro-insurance for 14 countries across Africa, Asia, LatAm — life, accident, hospital, credit life. Premium from $0.50/month.
Swiss Re iptiQ
Store listingWhite-label digital insurance from Swiss Re — life, health, P&C. API-first, instant underwriting, automated claims settlement.
Weather Index Insurance
Store listingSatellite rainfall data with automatic claim triggers — index-based payout without field assessment. Protects agricultural loan portfolios from drought and flood risk. I…
iProov Biometric Liveness
Store listingGenuine Presence Assurance liveness detection optimised for low-bandwidth rural environments. Passive liveness, works on 2G, resists deepfakes.
Jumio NetVerify
Store listingAI-powered identity verification across 200+ countries — 5,000+ ID types, biometric liveness, NFC chip reading, and real-time fraud scoring. SOC 2 Type II, ISO 27001, GD…
Onfido
Store listingNIST-certified facial biometrics, document forgery detection, and watchlist screening across 195 countries. Automated re-verification and configurable risk thresholds.
Veriff
Store listingAI document authentication and biometric verification across 230+ countries. Real-time liveness detection and GDPR-compliant data handling.
HashiCorp Vault
Store listingEnterprise secrets management — dynamic credential generation, PKI, and HSM-backed encryption keys for institution data security.
Okta Identity
Store listingEnterprise SSO, adaptive MFA, lifecycle management. FIDO2 passwordless and zero-trust access for zung.ai admin portals.
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NepalThe market summary is a guide, not legal advice — confirm requirements with the regulator. Last reviewed 1 Nov 2026. Spot something out of date? Tell us.