InvestorQ : What is this Chinese loan scam where Paytm has got embroiled?
Ria Jain made post

What is this Chinese loan scam where Paytm has got embroiled?

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Dia Deshpande answered.
4 weeks ago
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These refer to digital loans given by front companies backed by Chinese nationals. Paytm denied any links with the merchants under the ED scanner. Paytm confirmed it syndicates loans and does not originate them. None of the Chinese loan app scamsters were part of Paytm group or an associate. ED had confirmed raids at 6 premises of Razorpay, Paytm and Cash-free.

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