Digital lending: Government blocks 27 fraud lending apps offering instant credit online
Following the ban on over 250 apps of Chinese origin ranging across categories such as social network, gaming, e-commerce, news, business, photo and video editing, and more, the government of India has now come down heavily on lending or loan apps offering instant credit over the internet. The Ministry of Electronics and Information Technology (MeitY) had received a request from the Ministry of Home Affairs for blocking 27 loan lending apps and after due process,
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