VW Finance buys 25% stake in instant lending platform Kuwy

Volkswagen Finance has bought 25% stake in Kuwy Technology - an instant lending digital platform.

The move is part of the VW Group's India 2.0 strategy. VW claims that the association with Kuwy Technology will help improve efficiency in processes and reduce the loan processing time. The two companies will also offer finance, insurance and warranty products for VW Group customers.

Kuwy's digital platform provides instant access to credit, automated credit decisioning, paperless and on-demand transactions.