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The responsibility to submit the reported payment fraud transactions shall be of the issuer bank/PPI issuer/credit card issuing NBFCs, whose issued payment instrument has been used in the fraud,
New Delhi [India], December 24 (ANI/PNN): Peer-to-peer deviates from the typical lending process in which borrowers request loans through conventional financial institutions. Individuals can borrow money from others using a P2P lender via an online marketplace. P2P lending is a relatively new type that offers investors an alternative to traditional assets like stocks and bonds regarding earning returns. P2P loans are sponsored by private investors who sign up for accounts and choose which loans to fund, unlike large financial institutions that fund loans with huge pockets. P2P lending, in laym...
With the advent of 'Digital India', the rapid growth of technology and digitization has carved a wide scope of market development. It is crucial to note that Peer to Peer platforms can only function legally if approved by the RBI (Reserve Bank Of India).