New Delhi, July 4 (KNN) Fintech start-up, BigWin Infotech (PaisaDukan.com) has become the first amongst all new players under NBFC-P2P lending category in India to receive the Certificate of Registration (CoR) from the Reserve Bank of India (RBI).

With this accreditation, ISO-certified BigWin Infotech will be able to commence Peer-to-Peer (P2P) lending business in India, paving the way for the launch of its Innovative Financial Platform -PaisaDukan.com.

Under the guidelines released by RBI in October 2017 to regulate the P2P lending sector, PaisaDukan got the principal approval on May8, 2018 to the response of application filed in December 2018.

After a comprehensive scrutiny process, company’s regulatory and operational infrastructure has met with the highest standards expected by the RBI which had resulted in milestone accreditation from the RBI.

Commenting over this achievement, Founder & CMD, PaisaDukan, Rajiv M Ranjan said, “To become the first fintech start up as a fully accredited new entrant in the P2P lending market, gives us further motivation to work for solidarity of financial inclusion.”

He said that amidst introduction of guidelines for operating in P2P lending sector, BigWin Infotech was incorporated in November 2017.

With technology as well as extensive moral backing from the government of India we have successfully created a robust, user friendly and hassle free platform by bringing together people, process, product and technology. This significant achievement has opened up ways for PaisaDukan to reach every last Indian and bridge the deficiency of credit in the nation, Ranjan added.

In India, Fintech sector is growing at a rapid speed and post demonetization fintech start-ups have registered a significant growth which has placed them on global charts.

Complementing the developments taking place in India with digitalization of economy, PaisaDukan is set to leverage the Indian benefit and transfer them directly to customers, he added.

He said, PaisaDukan trailblazers its presence by eliminating the middlemen cost and standardizing the flow of credit across India.

“Being a transparent, ethical and virtuous P2P lending platform, we responsibly abide to our philosophy “Right Money to Right People”, concluded Ranjan.