Regulation needed to monitor money-lending applications: Experts
Express News Service CHENNAI: Several digital lending applications that are unauthorised by financial regulators are available on Google Play Store. The apps which look legit offer short-term credits for a high interest but end up harassing the customer by accessing their contact list and sending unpleasant messages to their family and friends. "I got a list of apps – all of which use the same Chinese white label provided app or server with names that are similar to popular Indian apps like U...
Source: newindianexpress.com