The Viewpoint: The Need for Facilitating Electronic Payments in the Peer To Peer Lending Sector

Bar & Bench September 28 2016

by Sharath Chandrasekhar

The peer to peer (“P2P”) lending sector, which currently remains largely unregulated, has undergone substantial growth and has eased the process of financing by facilitating borrowers and lenders (primarily individuals) to connect with each other conveniently on virtual platforms (“P2P Platforms”).

P2P Platforms offer an avenue for financing which is distinct from conventional methods like bank financing, by doing away with snags such as complicated application and appraisal processes. However, this sector is presently . . .

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