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Articles for P2P

Bad Loans in P2P Lending Double in FY24
1 week ago

Bad Loans in P2P Lending Double in FY24

Deccan Chronicle  

Mumbai: Bad loans in the peer-to-peer lending industry have more than doubled in financial year 2024 to Rs 1,163 crore from Rs 472.1 crore in FY23, a 146 per cent rise. According to an RTI response to Capitalmind Financial Services by the Reserve Bank of India, bad loans in P2P lending touched Rs 1,163 crore at the end of the …

Rbi Lending Bad Loans P2P P2P Lending
The people’s bank that LiquiLoans has built
6 months, 1 week ago

The people’s bank that LiquiLoans has built

Live Mint  

The conference hall in Pune was packed. To retail investors who have long complained about low interest rates, an indicative 10% rate on idle savings seemed like a great deal. LiquiLoans also has an algorithm that automatically assigns a customer’s investment to hundreds of small loans, spreading out the risk. In the past, LiquiLoans also got some of its loans …

Interest Retail Investors Investors Rate Small Lenders Adukia
Cyberabad Cops Warn Against P2P Cryptocurrency Trading, Cite Rising Fraud
7 months, 3 weeks ago

Cyberabad Cops Warn Against P2P Cryptocurrency Trading, Cite Rising Fraud

Deccan Chronicle  

Hyderabad: Cyberabad cybercrime police advised people to refrain from peer-to-peer cryptocurrency trading, as they can fall prey to fraudsters. The police end up taking the funds from C’s account and transfer it to A.” “The direct victims in these situations are the investment fraud victims, but the indirect victims are the traders whom criminals are using as a medium to …

Fraud Victims Cyberabad Cyber P2P Cryptocurrency Trading
RBI Deputy Governor Criticizes NBFC Demands, Warns P2P Lenders
10 months, 2 weeks ago

RBI Deputy Governor Criticizes NBFC Demands, Warns P2P Lenders

Deccan Chronicle  

The Reserve Bank of India deputy governor M Rajeshwar Rao on Friday criticised the frequent demands from Non-Banking Finance Companies to convert into a bank or their demands to be allowed to accept public deposits.Speaking at the CII NBFC Summit, Rao clarified that the regulations for even entities in the top-most tier of NBFCs are not at par with universal …

Bank Rao Rbi Nbfcs Nbfc Public Deposits
How lendbox, a bootstrap-funded startup, is addressing the credit needs of over 6 million borrowers
10 months, 3 weeks ago

How lendbox, a bootstrap-funded startup, is addressing the credit needs of over 6 million borrowers

The Hindu  

Let’s go back in time, approximately 9-10 years. Lendbox, now a leading fintech player in the P2P lending segment, identified similar gaps in 2015 and started building for the potential borrowers of India who deserved credit but weren’t being served by the larger market. A peer-to-peer lending platform acts as an intermediary between two parties, overseeing key aspects of the …

India Credit Platform Borrowers Lending P2P Lendbox
‘Fed may maintain pause; OBPPs offer wide choice of fixed-income investments’
1 year, 1 month ago

‘Fed may maintain pause; OBPPs offer wide choice of fixed-income investments’

Live Mint  

Vishal Goenka, Co-Founder of IndiaBonds.com believes that the Fed will be in a long pause mode now and the long-end interest rates will be in a 4.50-5 per cent range. In an interview with Mint, Goenka said with the advent of regulated Online Bond Platform Providers, investors now have a wide choice of fixed-income investments. With the advent of regulated …

India Retail Investment Investments Interest Rates Bond Retail Investors
Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
1 year, 2 months ago

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study

Live Mint  

Worldline, a prominent player in payment services worldwide, has released its India Digital Payments Report for H1 2023. The total value of card transactions in H1’23 amounted to Rs 11.35 trillion, representing an 11.7 per cent increase from H1’22. Concerning transaction value, NB transactions in H1’23 totalled Rs 468.8 trillion, compared to Rs 442.4 trillion in H1’22, indicating a 5.9 …

India Payments Digital Payments Credit Cards Billion Cards Yoy
#Personal2Public campaign to encourage IT corridor to switch to metro
1 year, 5 months ago

#Personal2Public campaign to encourage IT corridor to switch to metro

The Hindu  

With an aim to reduce the usage of personal vehicles, the Bengaluru Political Action Committee, in consortium with World Resources Institute launched #Personal2Public campaign on Thursday, encouraging office goers to switch to metro rail at least twice a week. Srinivas Alavilli, a Fellow at WRI said, “2023 is a transformative year for Bengaluru’s public transportation system with metro lines reaching …

Bengaluru Transport Public Transport Survey Metro Public Electronics City
Explained | Who will benefit from the UPI-PayNow link?
1 year, 9 months ago

Explained | Who will benefit from the UPI-PayNow link?

The Hindu  

The story so far: On February 21, India’s Unified Payments Interface and Singapore’s PayNow were officially connected to allow for “real-time payment linkage”. The plan was first announced by the Reserve Bank of India and the Monetary Authority of Singapore in September 2021 to facilitate instant low-cost, cross-border fund transfer. The Ministry of External Affairs said this would help the …

India Singapore Payments Indian Bank Rbi Remittances
Inside BharatPe’s big lending rethink
2 years, 5 months ago

Inside BharatPe’s big lending rethink

Live Mint  

NEW DELHI : Ashneer Grover’s worst critics can’t accuse him of not dreaming big. BharatPe CEO Suhail Sameer, however, denied that it was either having second thoughts on the P2P lending products; or that it was looking for an exit from NBFCs it has partnered with. The pitch to the former was: “Save your money into BharatPe ‘interest account’ at …

Products Company Retail Investors Million Rbi Mint Grover
Can peer-to-peer lending work for you?
2 years, 7 months ago

Can peer-to-peer lending work for you?

Live Mint  

Earlier this month, Fi, a neobank announced that it would offer P2P lending to its customers with returns of up to 9%. P2P, or peer-to-peer, lending involves a digital platform aggregating borrowers and lenders, essentially performing the role of a bank. View Full Image Mint How it works P2P loans are personal loans and they generally fetch an interest rate …

Loans Interest Rate Mint Investor Cred Lending
What is a P2P network? How does it work?
2 years, 10 months ago

What is a P2P network? How does it work?

Business Standard  

It may come as a surprise to many that the Internet was built as a decentralised network of computers and devices for free dissemination of information. One among them is peer-to-peer networking, commonly called a P2P network. Therefore, each device on the network can download and upload the data simultaneously and does not require a central unit to enable data …

Networking Work Network Download Central Devices Type
Budget 2022: Make investments in P2P lending tax-free to solve ‘access to credit’ challenge
2 years, 10 months ago

Budget 2022: Make investments in P2P lending tax-free to solve ‘access to credit’ challenge

Firstpost  

In last year’s Budget, the finance minister announced pillars on which the proposals would be based – creating financial capital, improving human capital, kickstarting innovation and R&D, etc., to name a few. Since the Reserve Bank of India has created a new department to regulate and oversee fintech companies, there’s a good possibility that the government will emphasize the sector …

India Budget Fintech Sector Lending Peer P2P
P2P lending platform Finzy raises $2 million in bridge round
3 years, 1 month ago

P2P lending platform Finzy raises $2 million in bridge round

Live Mint  

BENGALURU: Peer-to-peer lending platform, Finzy, has raised $2 million as a part of a bridge round, the company said. To save excessive dilution at an early stage, we would limit our Series A raise to $10 million though we have demand for a much higher investment number,” said Amit More, chief executive officer and founder, Finzy Finzy claims to have …

Series Bharatpe P2P Finzy
Decoded: Should you try peer-to-peer lending to maximise your returns?
3 years, 2 months ago

Decoded: Should you try peer-to-peer lending to maximise your returns?

Business Standard  

The higher the risk, the higher the return. That’s what the new-age Indian fintech startups liek Cred and BharatPe are aiming to do with their recently launched P2P lending products. The unsecured nature of the loan is the reason for high interest rates Cred mitigates the possibility of a default by lending only to customers who have been using its …

India Investment High Borrowers Cred Lending Bharatpe
All you need to know about peer-to-peer lending
3 years, 3 months ago

All you need to know about peer-to-peer lending

Live Mint  

Fintech firms such as Cred and BharatPe have recently launched peer-to-peer lending offerings. P2P platforms carry out some basic background and credit checks on borrowers, and allow lenders to choose which borrowers to lend money to. If an investor lends more than ₹10 lakh, they have to submit a net worth certificate from a chartered accountant to the P2P platform …

Tax Loans Interest Platform Platforms Rate Rbi
Paytm closes account with crypto exchanges
3 years, 7 months ago

Paytm closes account with crypto exchanges

Live Mint  

Paytm Payments Bank has stopped providing banking support to cryptocurrency exchanges, such as WazirX, ZebPay, and CoinSwitch Kuber, the exchanges said in separate statements on Friday. The move is yet another setback for the crypto industry, which is struggling to find banking partners and comes in the wake of the Reserve Bank of India earlier this month informally asking banks …

India Crypto Bank Users Exchange Usdt
What Is WazirX P2P And How To Use It To Buy Bitcoin, Ethereum, Dogecoin And Other Crypto Coins
3 years, 7 months ago

What Is WazirX P2P And How To Use It To Buy Bitcoin, Ethereum, Dogecoin And Other Crypto Coins

News 18  

Investing in cryptocurrency in India doesn’t mean you only keep your eyes on the best prices and buy or sell crypto coins at the right time. The only available option, called WazirX P2P, allows you to buy and sell USDT directly with other buyers and sellers. WazirX P2P, allows you to buy and sell USDT directly with other buyers and …

India Payments Cryptocurrency Crypto Bank Coins Sell
WazirX Has Bad News For Users: No Bank Transfers, You Must Use WazirX P2P To Buy And Sell Crypto Coins
3 years, 7 months ago

WazirX Has Bad News For Users: No Bank Transfers, You Must Use WazirX P2P To Buy And Sell Crypto Coins

News 18  

If you are using the cryptocurrency exchange app WazirX to buy and sell Bitcoins and cryptocurrency in India, you need to note that one major payment option will no longer be available. In a communication sent out to all WazirX users, the platform has clarified that their Paytm Bank account will not be operational now, which means the bank transfer …

India Payments Cryptocurrency Crypto Bank Sell Users
Text messages become new source of disinformation in U.S. Presidential Election
4 years, 1 month ago

Text messages become new source of disinformation in U.S. Presidential Election

The Hindu  

Spread of disinformation has moved from social media networks to friendly peer-to-peer texting, according to a team of researchers at the University of Austin Texas. The team observed the trend during the U.S. Presidential Election in which P2P texting gave a valuable opportunity for campaigners to send private, personalised messages to voters. The team highlighted an example which constituted a …

Team Text Messages Message
25 Years of Internet: Cassette Tapes to Streaming Apps, Our Music Listening Habits Have Changed
4 years, 4 months ago

25 Years of Internet: Cassette Tapes to Streaming Apps, Our Music Listening Habits Have Changed

News 18  

Access to music has become seamless thanks to the internet. However, the arrival of music streaming apps and services have entirely changed the way we consume music today. Local players like Gaana and Saavn took the early advantage in India and started offering Bollywood, regional, and various other music categories under affordable as well as free tiers. Spotify, which is …

Music India Internet Streaming Streaming Apps Youtube Napster