How Economic Downturns Affect Payment Timeliness

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2025-05-08 20:35:39 -

When economies shrink, payment behaviors shift—often drastically. Households grow frugal, businesses cut costs, and both delay settlements. This systemic fragility intensifies one key issue: overdue payments. Amidst this instability, financial institutions that offer strategic, borrower-centric solutions—like India’s agile non-banking finance platforms—act as buffers,...

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