Instant digital loans: convenience comes with a heavy cost
After a crackdown on predatory Chinese loan apps, established local players like Paytm have entered the market for short-term loans—but with annualized rates as high as 50-60%.
29 August, 2023•13 min
0
29 August, 2023•13 min
0
More in Internet
Internet
Atlys is an ambitious gimmick
The online visa startup stands out for its on-time visa and refund guarantees, far from the standard industry practice. It might be enough to attract anxious travellers for now, but the real test lies in making money out of this model in the longer term.
You may also like
Internet
There’s more to Paytm’s optimistic results than meets the eye
Cost-cutting measures and growth from a low base make Paytm’s numbers appear better than they are. What comes next will be closely watched by investors who now have other fintech bets to consider.
Business
Why Kotak Mahindra Bank is in a hurry to swallow IDBI
As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.
Internet
An appreciation of the late-mover advantage
From electric vehicles to quick commerce, finance to retail, India continues to be a market where late movers can always catch up.