#killerloanapps — Public Fediverse posts

In our response to the regulator, we highlighted the regulator's failure to take moral responsibility and how the report does little justice to the dozen lifes lost to #KillerLoanApps

Full feedback - https://docs.google.com/document/u/1/d/e/2PACX-1vSd0qFhIKYWHLsgnordwVeBY0b_-LtpO0o2gywgBE5vTgnWN2VAVq06fPqCSqjd_fZYUH6CHqXKnR5g/pub

#CashlessConsumer #KillerLoanApps
https://medium.com/cashlessconsumer/digital-lending-observatory-feedback-on-report-of-working-group-on-digital-lending-70f4d26999a0

Feedback on Report of #RBI Working Group on #DigitalLending — need for observatory.

#BharatPe taking #AatmaNirbharBharat too seriously and filling in for the #KillerLoanApps from abroad.

#CreditKills
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RT @jaijanshaktin
इस लिंक पर जाकर वीडियो जरूर देखें और कमेंट में आप बताएं क्या यह सही तरीका है इनका
https://youtu.be/UyRvdvJtbuA
@bharatpeindia
क्या यह आप का सही तरीका है
@RBI @PMOIndia @G_media20 @JAIJANSHAKTI @HarshKumar8026 @AtulBkalpande
https://twitter.com/jaijanshaktin/status/1444471937036476417

#CashlessConsumer will continue to cover #KillerLoanApps and seek structural solutions. There is a lot more work to do. Please stay tuned.

The level of penetration of Chinese entities is quite starkling. I really wonder why the government which felt TikTok / Game apps as a threat (rightfully so) *did not* find even a single #KillerLoanApps from China as a threat. It still hasn't blocked them

The starting point of this research was to attempt to map the #FaaS player ecosystem powering digital lending ecosystem and we took our database of #KillerLoanApps and analyzed their relation to technology and capital.

#CashlessConsumer research based story on The Ken on Fintech as a Service (#FaaS) players aiding #KillerLoanApps market making it child's play to launch a loan app.

(Paywall) - https://the-ken.com/story/the-unregulated-tech-supermarket-powering-loan-app/

Excerpts on the #Thread with our research artefacts

#CashlessConsumer A compilation of all our work related to #KillerLoanApps -https://www.cashlessconsumer.in/post/killerloanapps/

Primarily centre says states are responsible for preventing abuse by digital platforms, including misuse of social media .

This is interesting development
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RT @logic
#KillerLoanApps #SansadWatch @GoI_MeitY washes its hands off citing 'police' and 'public order' are - STATE SUBJECTS - and further shares @GooglePlay policy as response to question by @Kanakmalbjp on action taken by the government on illegal payday loan apps.
https://twitter.com/logic/status/1357150698857631744

Primarily centre sys states are responsible for preventing abuse by digital platforms, including misuse of social media .

This is interesting development
---
RT @logic
#KillerLoanApps #SansadWatch @GoI_MeitY washes its hands off citing 'police' and 'public order' are - STATE SUBJECTS - and further shares @GooglePlay policy as response to question by @Kanakmalbjp on action taken by the government on illegal payday loan apps.
https://twitter.com/logic/status/1357150698857631744

Kerala FM @drthomasisaac in today's Budget speech announced state will modify Kerala Money Lending Act to address issues created by #KillerLoanApps in consultation with law department.

I wrote to FM on Jan 3 requesting this.

Thread
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RT @Banbreach
Reading in between the lines of Google's blog post today on predatory lending apps -- a 🧵

TL;DR Too little, too late. #KillerLoanApps
https://twitter.com/Banbreach/status/1349688920573837313

After a weeklong Series on #KillerLoanApps in Manorama TV , Now the daily carry in-depth investigation by @Jikkuvarghese . The findings are similar lines of Cashless Consumer and the @TheKenWeb findings of Chinese App invasion.

This is not limited to #KillerLoanApps. We are going to see similar invasions in Agri segment, Farm loans etc as well.

Ask why WhatsApp policy change mostly affect Indians - reason - WhatsApp pay gets Financial info including Real Names, now sharable with Facebook via UPI.