Alok Kumar Agarwal Alankit Delves into Peer-to-Peer Lending in Finance’s Future
Over the past ten years, big changes have been happening in finance. One exciting area is Peer-to-Peer (P2P) lending. This type of lending connects people who want to borrow money directly with those who want to lend it. It’s got a lot of attention from analysts, investors, customers, businesses, and regulators. P2P lending is growing worldwide and it’s becoming popular in India too.
In India, P2P lending works through online platforms. These platforms link up people or businesses who need money with investors who are looking to invest. They make lending money easier by skipping traditional banks. When someone wants to borrow money, they apply on these platforms and provide information about why they need the money and their financial situation. The platforms then check if they’re likely to pay the money back, using both traditional credit checks and other kinds of information.
