A big percentage of instant loan apps have actually the same pc software backend вЂ“ but various frontend branding.
Chinese investors then bring these apps to Asia with proxy directors.
Bhumana Prasad, a resident of Hyderabad, took that loan of Rs 3,500 from вЂMy BankвЂ™ вЂ“ a lending that is digital вЂ“ in November 2019. Within per week, he repaid the total amount along side interest, and soon, took another micro-loan, of Rs 4,400, through the app that is same. Continue reading “вЂЌвЂЌвЂЌвЂЌвЂЌ How A Killer вЂInstant Loan AppвЂ™ Racket Spread In Asia?”