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Beacon Trusteeship now wants to address the recurring issues posed by secure retail Peer-to-peer (P2P) transactions. The forthcoming digital retail escrow platform, BeaconTxn, is the company’s solution to effectively deal with issues like the secure execution of transactions in diverse sectors such as social commerce and rent payments, ensuring delivery and payment are always balanced.
“BeaconTxn is designed to secure retail transactions, providing peace of mind to both parties involved in a transaction,” said Pratapsingh Nathani, chairman and managing director of Beacon Trusteeship, “Our platform leverages our strong background in high-volume escrow services to make retail transactions safer and completely hassle-free.”
Currently, Beacon Trusteeship handles around Rs. 2,773 crore monthly escrow services with an annual volume surpassing Rs 33,000 crore ($ 4.4 billion).
By expanding its services through the introduction of BeaconTxn, the company will facilitate the secure transition of funds in various sectors in a way that boosts confidence and ensures a level playing field for both parties involved.
Beacon Trusteeship is a SEBI-registered Debenture Trustee firm delivering effective and reliable securitization services. It manages a cumulative Asset base of $180 billion including $25 billion of Assets under Alternative Investment Funds (AIFs).
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