Companies that have a tendency to disburse loans as much as Rs 50,000 spend money on formal payment gateways

The apps are typically hosted on Chinese servers. One revelation that is such at minimum 10 electronic financing apps sharing exactly the same Chinese backend — provided by Beijing-based Liu-Fang Technologies, which includes workplaces in Asia. This, industry sources state, is “completely illegal”. The smarter one’s tie-up with inactive NBFCs to give out loans to … Continued