Payment Security Mechanism

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

The case is based on a mid-March complaint that accused WhatsApp of bundling pay service within its messaging app to abuse its market position and penetrate India's booming digital payments space

The power ministry has made it mandatory for discoms to open and maintain sufficient letters of credit as a payment-security mechanism under power purchase agreements signed with generation companies

Payments for supplied power to private sector generators has been an issue, which is one of the main reason for their stress as they are not paid for more than six months in some cases