Peer to Peer (P2P) lending is an alternative method for getting a loan from the bank or credit union. If a person goes to the bank for getting a loan, the bank will grant the loan by using some of its assets deposited by other customers.
The mobile apps that leverage the Internet of Things have been much more beneficial to the end users and highly lucrative to the business owners as well. They have been a game changers in sectors like healthcare, transportation, education, retail, etc. by streamlining the workflows and improving profit margins.