Savethem India Foundation News Today

Cybercrimes: A malicious QR code is plastered across billboards or posters and flyers or through email links or on ecommerce sites with a wrong QR code, so the transactions are all routed directly to the fraudsters account. Sometimes the code is used to siphon off money or to install a link, which will help in orchestrating a bigger fraud.

A malicious QR code is plastered across billboards or posters and flyers or through email links or on ecommerce sites with a wrong QR code, so the transactions are all routed directly to the fraudsters account. Sometimes the code is used to siphon off money or to install a link, which will help in orchestrating a bigger fraud.

India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started

MobiKwik has been accused of resorting to ethically-dubious practices for securing the repayment of a loan availed from its platform.

(BLOOMBERG) - Technology has resulted in a new kind of financial scourge - digital loan sharks. . Read more at straitstimes.com.

Apps promising quick cash ballooned in the pandemic but many preyed on first-time borrowers with high interest rates.

When V. Rajapandian was pushed out of his job at a heat treatment plant in India, the reason had nothing to do with performance or falling revenue.

Governments and app store operators are cracking down on digital loan sharks, as the issue flares out of control in India.

During the pandemic, apps promising quick cash have mushroomed. Many capitalise on borrowers’ lack of financial literacy, charging interest rates as high as 500 per cent annualised and in some cases employing heavy-handed collection tactics that Indian activists have linked to a string of suicides.