Highlighting its technological leadership and focus on delivering a superior user experience, Faircent.com, India’s leading peer-to-peer lending platform, has now integrated UPI with its payment gateway on the Lender dashboard, providing yet another layer of convenience to investors when transacting on the platform. In addition to this new payment feature, the platform also supports payments through National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS) and third-party transfer using net banking. With the integration of this feature, Faircent.com India’s first NBFC-P2P now provides its lenders the convenience to charge their escrow account using UPI – a popular digital payment interface supported by the Government of India.

Vinay Mathews – Founder and COO, Faircent.com, commented, “At Faircent.com, we pride ourselves for being on the forefront of technological innovation and on offering our users the highest level of functionality and ease-of-usage. With the UPI integration, we have made the process of investing through our platform even more convenient for our lenders and reiterated our commitment towards ensuring the most seamless experience for our users across each stage of the lending process.”

To use the payment gateway for recharging their escrow account, Lenders must click on the "Add Money" tab on their Faircent.com dashboard and choose UPI as the payment method. Once they enter the amount they wish to add to their Escrow wallet, the transaction details will be displayed on the next screen. Upon clicking ‘Submit’, a QR Code will be generated, which the lender can then scan using a mobile app that supports UPI payments. After the payment/deposit is made successfully, the screen will refresh with a notification for the fund transfer. Lenders can then continue investing on Faircent.com.