How SmartCoin & its NBFC Partners Solved for Co-lending Money Flow Post-DLG with RazorpayX Escrow+
Razorpay
JANUARY 9, 2024
Until now, SmartCoin and its NBFC partners were disbursing loans through RazorpayX Lite, however the Digital Lending Guidelines (DLG) announced in September 2022 blocked the use of any virtual or pool accounts in the money transfer process. Thus, tri-party Escrow accounts were the only feasible option for co-lending use cases.
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