By: Sridhar Chitiyala

The peer-to-peer (P2P) lending model has arrived, and the market is becoming increasingly global. The market was led for years by the US and the UK, but China is already the largest P2P lending market globally, with more than 1,500 P2P platforms.

The UK has established itself as the leader among Western economies with $36 billion P2P loans granted in 2015 followed by the US with $22 billion.

Firms such as FairCent and others are emerging to occupy this space in India. They are addressing the under-served micro- and small-business segments due to large incumbent banks encumbered by NPAs on their balance sheets.

Click here for the full article

http://www.financialexpress.com/article/fe-columnist/peer-to-peer-lending-making-a-mark-in-the-fintech-market/239192/