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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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IT Accountant Money Lending Business 52
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What are E-commerce Payment Systems and their Types?

Razorpay

MAY 9, 2024

It is important to have a bank account before getting a debit card. The primary difference between a debit card and a credit card is that in a debit card, the amount gets deducted from the bank account, which is supposed to have enough balance. This chip can store money, as well as a person’s personal and work-related information.

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Accountant Bank Banking Electronics 52
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