The Chinese national and 20 other people, arrested for extorting money from people after offering instant loans, were funneling money to their handlers in China through shell companies, investigations have found. Chandigarh Police Superintendent (SP Cyber Crime Investigation Unit) Ketan Bansal said: “It has been discovered that the money which
The National Credit Regulator (NCR) was within its rights to open an investigation into instant loan company Dacqup Finance over reasonable suspicion that it violated the National Credit Act (NCA), according to a Supreme Court ruling appeal (SCA) rendered. Last week. Dacqup, trading as ABC Financial Services, a registered credit
The National Credit Regulator (NCR) was within its rights to open an investigation into instant loan company Dacqup Finances on reasonable suspicion that it violated the National Credit Act (NCA), according to a Supreme Court ruling in appeal made last week. Dacqup, trading as ABC Financial Services, a registered credit
Home loans and other personal loans made up 64 percent of additional credits over the past two fiscal years. Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world.
The company will use its AI-powered chat capabilities on WhatsApp to offer these pre-approved lines of credit. BOX claims to be the first fintech startup to offer instant credit lines without any documents, app downloads or form filling. Users can simply avail these loans by sending a “Hi” message to
As the second most populous nation in the world, India has always experienced a widespread need for credit. The onset of the global pandemic has further intensified demand for credit across the country as medical and financial emergencies have erupted. At a time like this, traditional financial institutions, with their
Slick Cash Loan makes it easy for anyone to get a loan with instant loans online with guaranteed approval. Slick Cash Loan, the leading online loan service renowned for its fast and reliable loan services, now offers online instant loans with guaranteed approval across the United States. Those short on
The FinTech environment has grown in popularity in recent years, especially after the pandemic. The banking, money services and insurance (BFSI) industry in particular has exploded with digital lending services transforming the lending process and disbursement methods. Digital lending is booming as an effective alternative to traditional lending (by financial
Buyers now have endless options when it comes to credit. BNPL has grown rapidly in recent years and fraudsters are looking to exploit it Many are drawn to the flexibility of buy now, pay later (BNPL) services, which have exploded in popularity during the pandemic. Over 17 million UK customers
Paytm, India’s leading digital payments and financial services company, is offering collateral-free instant loans of up to Rs 5 lakh to small traders in conjunction with regular commercial banks and NBFCs. The loans are available at a low interest rate and come with a unique daily EMI option, Mint reported.
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Fullerton India and One97 Communications Limited, the parent company of Inasmuch asPaymentInasmuch as, have partnered to provide loan products to micro, small and medium-sized enterprises (MSMEs). According to a press release, the initiative aims to specifically address the credit needs of MSMEs in small towns and villages to help them
Through Express press service HYDERABAD: The Enforcement Directorate (ED) has provisionally tied over Rs 72.32 Crore deposits lying in various bank accounts and payment gateway accounts of M/s Kudos Finance and Investments Private Limited, a non-bank financial company India (NBFC), and its various financial technology (Fintech) partner companies, in the
Sometimes we receive emergencies that require immediate cash flow, which we may not have at the time. Cash On Your Mobile, a friendly financial broker, started operations to allow customers to connect with fast money lenders. The company mainly serves the Sydney, Melbourne, Brisbane, Perth, Gold Coast and Sunshine Coast
New age fintechs are taking advantage of digital lending and making the process of getting loans faster and more convenient than traditional banks. They offer customized products to meet the demands of the borrowers. Instant Loan is one such product that a customer resorts to in an emergency. Instant loans
New Delhi, November 17 The Income Tax Department has today carried out search and seizure operations in Delhi and Haryana in the case of a fintech company providing instant short-term personal loans through a mobile app. The searches were carried out at commercial and residential premises in Delhi and Gurugram.
New Delhi, November 17 The Income Tax Department today conducted search and seizure operations in Delhi and Haryana in the case of a fintech company offering instant short-term personal loans through a mobile app. The searches were carried out on commercial and residential premises in Delhi and Gurugram. During the
LB Finance PLC, the country’s leading non-bank financial institution, recently introduced a revolutionary digital solution to boost its core gold lending business. With the latest solution, the company’s gold lending customers have the option of receiving instant digital top-up gold lending through the LB CIM (Cash-In-Mobile) smartphone app. This is
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GeM Sahay app launched to help MSME sellers get instant loans New Delhi, Jul 29 (KNN) In order to meet the challenges of accessing credit faced by MSMEs, the Government e Marketplace (GeM) has launched a mobile application called âGeM Sahayâ for business owners that will allow them to take
MSME-focused digital lending platform FlexiLoans.com announces its collaboration with Google Pay to provide flexible lending to their merchant base. The collaboration will help close the credit gap by providing instant loans to small traders and entrepreneurs across India who cannot access formal credit, FlexiLoans said in a statement. FlexiLoans aims
Paytm announced the launch of Paytm Postpaid Mini, an extension of its Buy Now, Pay Later service. The company says these “instant low-ticket loans” would give customers flexibility and manage household spending to maintain cash flow during the ongoing COVID-19 pandemic. The Paytm Postpaid Mini service was launched in partnership
In another groundbreaking development, Standard Lesotho Bank (SLB) this week introduced Instant Loans for Small, Medium and Micro Enterprises (SMMEs). The facility, which is part of the bank’s digital lending offering, is a value-added service that enables business clients, especially SMEs, to access “quick and hassle-free instant loans without queues.”
NEW DELHI : New To get approval for an instant personal loan, it is usually enough to have a good credit score and complete an online application form. Availing of personal medical loans, however, requires more than that. You will need to provide your employer’s contact details, salary slip, bank
Access to money is a constant need for many people, and fintech startups that provide solutions to this need are in high demand. In the field, Carbon, Evolve Credit, Branch, Kiakia and Renmoney have already created services that provide microloans to individuals and businesses in need. Changes in interest rates
Representative image. | Photo credit: iStock images Highlights Latest development follows Reserve Bank of India warning that malicious lending practices in the digital space have escalated To use many of these apps, customers need to give them access to sensitive information such as their phone book, pictures stored on their
9 December 2020, 09:36 (CET) Berlin, December 9, 2020 The digital investment banking platform Penta takes a big step forward to support individual businesses and small and medium-sized businesses during the COVID-19 pandemic. Customers can now apply for the KfW 2020 Instant Loan fully digitally through Penta, thanks to the
The process of obtaining a loan is filled with paperwork and back and forth to the bank or microfinance institute. eShagi is a fintech that promises instant loans made through a 100% online process. What is eShagi? eShagi is a Fintech that claims to be different from banks and microfinance
Listen to this article Home Credit India launched the Ujjwal card which will help its customers to access instant loans. In its official statement, the consumer credit provider said the newly launched card comes with a plethora of benefits exclusive to cardholders. The card can provide an instant limit to
MUMBAI : HDFC Bank on Wednesday announced a partnership with Apollo Hospitals through which its clients can benefit from unsecured loans of up to ??40 lakh to pay for medical expenses incurred in the health care chain. Loans will be disbursed almost instantly as cash is needed, and inpatients who
The mPokket lending platform announced on Monday that it will provide a loan of Rs 1,200 crore to students and young professionals in this fiscal year, an increase of more than 70% from 2019-2020. mPokket, an instant loan application, had disbursed around Rs 700 crore in the last fiscal year.
Browsing online during the lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price made the 30-year-old Ohio resident think twice. What persuaded her to click âbuy,â Friend said, was the short-term credit offered by Afterpay, which splits the $ 260 payment into four interest-free installments.
Companies Digital lenders will reduce instant loans in line with CRB directive Wednesday, April 15, 2020 Digital lenders will reduce instant loans in accordance with the CRB directive. PHOTO FILE | NMG By CONSTANT MUNDAMore from this author Summary Micro-businesses and individuals who depend on unregulated digital lenders for instant
There are various advantages which make Fintech platforms the most preferred option for obtaining instant personal loans. Instant loans mean that the funds are credited to the customer’s account immediately after their loan application. This includes a smooth customer journey and relaxed underwriting in many cases, in addition to lightning-fast
Banco Sabadell, a Barcelona-based bank, has entered into a partnership agreement with Nemuru – a Fintech which seeks to make it easier for professionals in the renovation sector to offer their customers instant loans at the point of sale. Banco Sabadell reports that the system is already in place and
Find out what types of specially designed loans are available for sale: Today, with applications and technologies determining how businesses are run, lenders have also taken a new approach to providing loans. Millennials or people in general today don’t wait long, saving little by little, before making a big purchase
As banks and financial institutions expand their retail lending business at a time when business lending looks poor, they are turning to technology. Most of the banks have launched instant loans and with this the time to get the loans has decreased considerably. But a bank’s desperation for business shouldn’t