Chinese-Linked Loan And Betting Apps Banned By Government | Chinese Loan App Scam | English News

In a major move, the government has initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links on “urgent” and “emergency” basis, News18 has learnt.Sources confirmed that the Ministry of Electronics and Information Technology (MeitY) received a communication from the Union Home Ministry this week on the blocking these apps. Sources also confirmed that MeitY had initiated the process to block these apps.The Union Home Ministry had initiated the analysis of 288 Chinese loan lending apps six months ago, but found that 94 apps are available on e-stores and that others are working through third-party links.Top sources told News18 that these apps, often displaying predatory behaviour to trap individuals in massive debt, can also be misused as tools for espionage and propaganda, besides posing a security risk to the data of the Indian citizens.