The signs were always there, yet investors fell for the oldest trick in the book. Was Dalal running a Ponzi scheme all along?
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A spree of unauthorized international transactions add to the woes of credit card customers impacted by the withdrawal of promised benefits. Will the private lender contain the fallout?
The government wants to tax credit card transactions abroad but is missing a potentially bigger misuse of the instrument at home—fake rent payments.
Despite a surge in cases, most Indian fintech startups have not focused on combating fraudulent user behaviour, safe in the knowledge that investors will keep pouring in money.