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Scam Alert: Mobikwik Reinvested P2P Lenders Money Without Their Consent

Mobikwik Xtra is a peer-to-peer (P2P) lending platform that partners with Lendbox to facilitate P2P lending across the country. However, Mobikwik and similar platforms were somewhat misleading their customers by advertising these platforms as offering a 12% fixed income opportunity with the ability to withdraw money anytime. As a result, the RBI had to step in and introduce a new set of guidelines for such companies and their customers, effective from August 16, 2024. Article on TF Community: Mobikwik reinvested P2P lenders' money without their consent: https://www.technofino.in/community/t... Related Tweet: https://x.com/karna_ocw/status/183900... https://x.com/karna_ocw/status/183248... Join TechnoFino Community for more insights: https://technofino.in/community Apply Lifetime Free Credit Cards: ICICI Amazon Pay Credit Card: https://bit.ly/TFICICI Lifetime Free IDFC First Credit Cards: https://bit.ly/TFIDFCLTF Standard Charted Platinum Reward Credit Card: https://bit.ly/TFSCPLT AU Bank Credit Cards: https://bit.ly/TFAUBCC Upgrade Your Other Bank Credit Card To AU Bank Credit Card: https://bit.ly/TFAUSW Lifetime Free Axis Bank Neo & Other Credit Cards: https://bit.ly/TFAxis HSBC Platinum Credit Card: https://bit.ly/TFHSBCP Lifetime Free Indusind Legend Credit Card: https://bit.ly/TFIndus Lifetime Free BOB Credit Card: https://cutt.ly/aeiYbkWz Jupiter Edge Rupay Credit Card: https://cutt.ly/7eiYEfhC OneCard: https://1cardapp.page.link/SAoU Paid Cards: SBI Cashback Credit Card: https://bit.ly/TFSBICB HDFC Bank Millennia, Regalia, DCB, Infinia, BizBlack Credit Cards: https://bit.ly/TFHDFCC HDFC Bank TATA NEU Credit Card: https://bit.ly/TFTataNeu HDFC Bank Swiggy Credit Card: https://cutt.ly/xeiYh2JY Axis Atlas & Other Axis Bank Credit Cards: https://bit.ly/TFAxis Yes Marque Credit Card: https://cutt.ly/aeiYwzTj HSBC Cashback Credit Card: https://bit.ly/TFHSBCCB Indusind EazyDiner Credit Card: https://cutt.ly/AeiYy29e American Express Credit Cards: https://bit.ly/TFAMEXNPRR [* Zerodha Account Opening Link- https://zerodha.com/open-account?c=ZM... {Zerodha India's Number 1 Broker} If you want to open an account with Upstox, you can open using this link- http://upstox.com/open-account/?f=6TJG ________ Facebook -   / technofino   Twitter -   / technofino   Instagram -   / technofino   Telegram- t.me/technofino Disclaimer- Some contents are used for educational purposes under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. "TechnoFino" is a "Technology" and "Finance" related channel, where you can get information about the latest technology (Technology used in the finance sector ) and finance (Like- Credit Card, Banking, Banking Technology, Mutual fund, Stock Market, Investment, etc) in Hindi. Please SUBSCRIBE to " TechnoFino " { Click Here-    / @technofino   } Thanks जय हिन्द, वन्दे मातरम Jai Hind, Vande Mataram

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