P2P credit card payments

Is there anyone from Paytm who knows what's going on ?

- The Reserve Bank of India (RBI) has issued amended guidelines for Peer-to-Peer (P2P) lending platforms, aiming to enhance transparency and curb irregular practices. - The new rules prohibit NBFC-P2P entities from assuming credit risk, ensuring lenders are fully aware of the risks involved and responsible for any losses due to borrower defaults. - Stricter guidelines for escrow accounts mandate that funds be transferred within one day of receipt, ensuring timely processing of transactions. - Restrictions on cross-selling products, except for loan-specific insurance, aim to reduce conflicts of interest and focus platforms on their core function of matching lenders with borrowers. - Monthly disclosures of portfolio performance and non-performing assets (NPA) will help lenders make more informed decisions, with a call for standardized formats to facilitate easier comparisons across platforms. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/personal-finance/rbis-new-rules-for-p2p-platforms-a-net-positive-for-lenders-borrowers-say-experts-12801755.html)

https://m.economictimes.com/tech/startups/p2p-lenders-to-stop-liquid-funds-as-rbi-peers-into-business/articleshow/108686922.cms https://twitter.com/ravihanda/status/1771021456287088858

Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious. Is the system really fair to allow such moves by the rivals after penalising them? Or is the system that rigged to make sure their friends can get all the business to technically get the favors, funds, etc? Any thoughts on this? Whether is it too cruel and unfair that system just can't come into action to stop such moves otherwise how the startups anyway could rival the innovation that happens in the West if our own system anyway is there to cripple in such scenarios or do you think it's all fair in the name of business (you donot follow regulations, you will have to suffer eventually)? PS:- This is just to have a healthy discussion without any biases intended, with no political agenda in mind. I hope you'll keep the discussion healthy and interesting. Picture source:- stocktwits(ig)

I have put lots of my liquid money into P2P lending and get 1k daily from cred mint, mobikwik xtra and 12%. Reason- My bank pays interest which hardly can beat inflation. Question - Where should I park my liquid money ? PS - Markets at high and real estate is bound to crash.

PAYTM Payments Bank essentially asked to shut shop. Afaik here are the few implications 1. Stock market will react in a bad way to them 2. Worst affected are going to be FasTag users who bought from PayTM. 3. No deposits / credits allowed in any account. Withdrawal is allowed. 4. UPI not allowed after Feb

Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.