Loan Apps In India
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Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
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Married 47 Days Ago, Man Dies By Suicide Over Rs 2,000 Instant App Loan
Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old dying by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
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JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
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Telangana Student Dies By Suicide, Family Blames Loan App Executives: Cops
A 20-year-old engineering student died allegedly by suicide at his house in Hyderabad, even as family members alleged that he took the extreme step due to harassment from executives of an online loan app over repayment.
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FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
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Google for India 2023: AI-Powered Search Becomes More Visual and Local, New Services on Google Pay
Google is rolling out improvements to its AI search tool in India. Google is making search generative experience in India more visual and localised for better results. The company announced the updates coming to its AI search in the country at its Google for India 2023 event held Thursday.
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Kerala Man Dies By Suicide After Suspected Threats From Instant Loan App
A 44-year-old man was found hanging near his house at Bathery in Kerala, suspectedly due to unethical loan recovery tactics used by an instant loan app, police said on Saturday.
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Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August
Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.
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Chinese Loan App Sent Morphed Porn To Debtors' Families, India Head Arrested
The Economic Offence Wing (EOW) of Odisha Police arrested the India head of a Chinese earning App involved in an online ponzi scam, an official statement said.
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Paytm UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
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Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
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Chase India Proposes Setting Up Self-Regulatory Body for Digital Lending Industry Amid Crackdown on Loan Apps
Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.
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Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
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Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
-
Married 47 Days Ago, Man Dies By Suicide Over Rs 2,000 Instant App Loan
Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old dying by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
-
JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
-
Telangana Student Dies By Suicide, Family Blames Loan App Executives: Cops
A 20-year-old engineering student died allegedly by suicide at his house in Hyderabad, even as family members alleged that he took the extreme step due to harassment from executives of an online loan app over repayment.
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
Google for India 2023: AI-Powered Search Becomes More Visual and Local, New Services on Google Pay
Google is rolling out improvements to its AI search tool in India. Google is making search generative experience in India more visual and localised for better results. The company announced the updates coming to its AI search in the country at its Google for India 2023 event held Thursday.
-
Kerala Man Dies By Suicide After Suspected Threats From Instant Loan App
A 44-year-old man was found hanging near his house at Bathery in Kerala, suspectedly due to unethical loan recovery tactics used by an instant loan app, police said on Saturday.
-
Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August
Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.
-
Chinese Loan App Sent Morphed Porn To Debtors' Families, India Head Arrested
The Economic Offence Wing (EOW) of Odisha Police arrested the India head of a Chinese earning App involved in an online ponzi scam, an official statement said.
-
Paytm UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
-
Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
-
Chase India Proposes Setting Up Self-Regulatory Body for Digital Lending Industry Amid Crackdown on Loan Apps
Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
