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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Predatory loan apps with links to China continue to flourish unabated. It’s time to pay attention to what’s aiding this unchecked rise.
Indian bankers and fintech executives should be worried. Predatory loan apps with links to China pose a national security challenge that could undermine our digital banking ambitions.
This is despite the finance ministry, the Reserve Bank of India, Google and India’s financial industry adopting several measures over the past couple of years to prevent such apps from duping unsuspecting Indians. New regulations, changes in Play Store policies, public awareness campaigns and the idea of a “whitelist” of legal loan apps to be prepared by the central bank are some of these steps.
But the phenomenon of fraudulent Chinese loan apps …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
