Mumbai: PaisaDukan, P2P Lending platform launched its web portal in Hindi and becomes the first major P2P lending operator to offer Loan & Investment services in Hindi. The new feature is in-line with the company’s ambitious plan of becoming country’s largest P2P lending platform.
The move is an attempt to make deeper inroads into the Indian market that is more comfortable in Hindi. The company is also exploring to extend its reach to more vernacular space to target customers beyond the metropolitans in India.
Speaking on the occasion, Rajiv M Ranjan, Founder & CMD, said “with over 460 million internet users, India is the second largest market, behind China and expected to have around 600 million by 2022. Needless to say, vernacular languages will play a crucial role in bringing next 150 million users online. The Hindi feature will connect PaisaDukan to users from smaller cities of North & central region and will help millions of customers who prefer Hindi.”.
Users can choose the Hindi option at home page of PaisaDukan.com website, which will be later set as default. The Hindi version will have the same features as available on English website. Users will not be able to read detailed product information in Hindi but will be able to do registration, filling application, manage their account information, track their loan applications etc. in Hindi as well.
“Our philosophy is to align our platform with the vision of financial inclusion to serve the unserved. Many people in such category find themselves comfortable with their native language and are not so conversant on the platform in English language. The move is part of our PAN India expansion plan and we want to bring every citizen to the financial system” concluded Ranjan.