The issue today is that most of the bonds aren’t traded on the exchange, most of the deals happen through off-market or in the wholesale debt market and settled through the clearing corporations. There the issue is that, this is an entirely different flow and the clearing corporations only accept RTGS payments which means Rs 2 lakh is the minimum ticket size. Also, RTGS through payments gateways becomes a bit messy.
So, integrating GoldenPi doesn’t really solve the issue. We’ve been thinking about this a lot, and we’re trying to solve the payments bit first before we offer any sort of bonds. We had tried offering corporate bonds through a limited beta but we pulled the plug given how burdensome the process was.