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Chinese Scammers Exploiting India’s Real-Time Payment System
Identity Theft, Fraud, Scams
October 24, 2023
The Register
Chinese scammers are using fake loan apps and India's Unified Payments Interface (UPI) to deceive victims and launder money. The scammers pose as loan providers and promise easy repayments in exchange for a fee.
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Chinese scammers
Fake Loan Apps
Unified Payments Interface (UPI)
money laundering
Stolen Funds
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