WebOct 30, 2024 · MHA goes strict against Chinese lending apps, directs states, union territories to take action. In a communication to all states and union territories, 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 … WebFeb 8, 2024 · The IT Ministry is concerned about the past and current presence of Chinese investors on the cap tables of some lending apps in India, the officials said, according to a source familiar with the ...
lending its full support to the international - Translation into ...
WebSep 3, 2024 · What is the Chinese loan app case? Key points about ED raids. 2 min read . Updated: 03 Sep 2024, 08:31 PM IST Edited By Sounak Mukhopadhyay. Paytm Money … WebMar 21, 2024 · Following the ban on over 250 apps of Chinese origin ranging across categories such as social network, gaming, e-commerce, news, business, photo and … smart bulb not reponding to alexa
If Chinese lending apps get banned, this is what you can do
The Central Crime Branch of the Chennai Police on Sunday arrested two Chinese nationals in Bengaluru for operating predatory instant loan apps illegally. They were accused of running illegal lending apps and collecting exorbitant rates of interest from the borrowers. They also resorted to threatening and … See more P2P lending became a very popular option for Chinese borrowers in 2012. Thereafter, the industry grew rapidly with the number of lenders increasing … See more The recent cases of suicides in Hyderabad have happened due to the extreme harassment faced by borrowers. Like the case of Li Li in China, there have been multiple instances of the app representatives … See more A few of these mobile lending apps tested waters across many of the ASEAN countries before coming to India. Countries like the Philippines, Malaysia and Indonesia saw a multitude of apps before bringing in … See more Google Play Store played host to hundreds of such apps that mushroomed as India went into a lockdown. Ever since complaints started … See more WebFeb 9, 2024 · Apps like Alipay, WeChat, Xioami and more now offer a money lending service to their users. Tencent and Baidu launched their microlending service in 2015; JD, the ecommerce platform, in 2016. But … WebFeb 7, 2024 · In the ongoing crackdown on such apps over the course of last year, it has emerged that many of these Chinese lending apps take control of users’ phones and … hill town in north carolina