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Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
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Zerodha's Nithin Kamath Warns Against "Shady" Loan Apps, Shares Key Red Flags
Founder and Chief Executive Officer (CEO) of Zerodha Nithin Kamath recently warned his followers about the alarming rise of predatory digital lending apps that demand extensive access to users' personal information.
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Work-From-Home, Part Time Jobs Scams Top Cyber Crimes In India
Work from Home or Part-time job scams contribute to highest number of cyber crimes reported in the country followed by illegal lending apps in 2023, as per the Indian Cybercrime Coordination Centre (I4C), a part of the Ministry of Home Affairs.
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FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
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Engineering Student Dies By Suicide Due To Inability To Repay Loan: Cops
A 22-year-old engineering college student allegedly died by suicide here after agents of a Chinese money lending app threatened to make public his intimate photographs on his mobile phone, for not repaying the loan.
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Google, Apple Representatives to Meet Parliamentary Panel to Discuss Cyber Security
The Parliamentary Standing Committee on Finance has called representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.
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Paytm UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
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Chase India Proposes Setting Up Self-Regulatory Body for Digital Lending Industry Amid Crackdown on Loan Apps
Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.
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PhonePe Raises $100 Million From General Atlantic, Investors During Ongoing Fundraise
PhonePe on Wednesday said it had raised an additional $100 million ((roughly Rs. 820 crores)) from General Atlantic and other investors as part of its ongoing $1 billion (roughly Rs. 82,063 crores) fundraise to expand into the lucrative lending space. General Atlantic had invested $350 million (roughly Rs. 287 crores) in the fintech during the same...
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PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
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Government Bans Over 230 Betting, Loan Lending Apps With Chinese Links After Complaints of Extortion
Central government has initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links on an 'urgent' and 'emergency' basis, top government sources said on Sunday. As per sources, the MHA recommended the MeitY this week to ban and block these apps, and the Ministry subsequently initiated the process as per commun...
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How DeFi Could Disrupt Centralised Finance and Help Build an Inclusive Financial Culture
Decentralised finance (DeFi) is beginning to have a global impact and is anticipated to disrupt the prevailing financial order in the markets to build an inclusive finance culture over the next decade. Here's what CoinDCX Pro's Gaurav Arora thinks about the impact and potential of DeFi, dApps, and Web3 technology in the country.
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Predatory Lending Apps: MHA Asks States, UTs to Take Urgent Action Against Illegal Apps
The Home Ministry recently asked law enforcement in states and Union territories to take urgent and strict action against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of death by suicide. The ministry said it was a form of organised cybercrime that ...
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Home Ministry Asks States To Take Action Against Predatory Lending Apps
The Union Home Ministry has sought urgent strict action by law enforcement agencies against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of suicides.
-
Don't Ignore These Red Flags Before Using Digital Lending Apps
Many fraud loan apps seek permission to your personal data and access to camera as well as contact list, which could be used later for harassment or blackmail.
-
Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
-
Zerodha's Nithin Kamath Warns Against "Shady" Loan Apps, Shares Key Red Flags
Founder and Chief Executive Officer (CEO) of Zerodha Nithin Kamath recently warned his followers about the alarming rise of predatory digital lending apps that demand extensive access to users' personal information.
-
Work-From-Home, Part Time Jobs Scams Top Cyber Crimes In India
Work from Home or Part-time job scams contribute to highest number of cyber crimes reported in the country followed by illegal lending apps in 2023, as per the Indian Cybercrime Coordination Centre (I4C), a part of the Ministry of Home Affairs.
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
Engineering Student Dies By Suicide Due To Inability To Repay Loan: Cops
A 22-year-old engineering college student allegedly died by suicide here after agents of a Chinese money lending app threatened to make public his intimate photographs on his mobile phone, for not repaying the loan.
-
Google, Apple Representatives to Meet Parliamentary Panel to Discuss Cyber Security
The Parliamentary Standing Committee on Finance has called representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.
-
Paytm UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
-
Chase India Proposes Setting Up Self-Regulatory Body for Digital Lending Industry Amid Crackdown on Loan Apps
Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.
-
PhonePe Raises $100 Million From General Atlantic, Investors During Ongoing Fundraise
PhonePe on Wednesday said it had raised an additional $100 million ((roughly Rs. 820 crores)) from General Atlantic and other investors as part of its ongoing $1 billion (roughly Rs. 82,063 crores) fundraise to expand into the lucrative lending space. General Atlantic had invested $350 million (roughly Rs. 287 crores) in the fintech during the same...
-
PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
-
Government Bans Over 230 Betting, Loan Lending Apps With Chinese Links After Complaints of Extortion
Central government has initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links on an 'urgent' and 'emergency' basis, top government sources said on Sunday. As per sources, the MHA recommended the MeitY this week to ban and block these apps, and the Ministry subsequently initiated the process as per commun...
-
How DeFi Could Disrupt Centralised Finance and Help Build an Inclusive Financial Culture
Decentralised finance (DeFi) is beginning to have a global impact and is anticipated to disrupt the prevailing financial order in the markets to build an inclusive finance culture over the next decade. Here's what CoinDCX Pro's Gaurav Arora thinks about the impact and potential of DeFi, dApps, and Web3 technology in the country.
-
Predatory Lending Apps: MHA Asks States, UTs to Take Urgent Action Against Illegal Apps
The Home Ministry recently asked law enforcement in states and Union territories to take urgent and strict action against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of death by suicide. The ministry said it was a form of organised cybercrime that ...
-
Home Ministry Asks States To Take Action Against Predatory Lending Apps
The Union Home Ministry has sought urgent strict action by law enforcement agencies against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of suicides.
-
Don't Ignore These Red Flags Before Using Digital Lending Apps
Many fraud loan apps seek permission to your personal data and access to camera as well as contact list, which could be used later for harassment or blackmail.
