Indian agency searches online payment firms in Chinese lending probe

Indian agency searches online payment firms in Chinese lending probe

Photo: Reuters

India‘s federal financial crime-fighting agency said on Saturday it was searching the premises of online payment companies as part of an investigation of Chinese-controlled firms and individuals suspected of illicit lending practices.

The payment companies included Razorpay Pvt Ltd, Cashfree Payments and Paytm Payment Services Ltd, the Enforcement Directorate said in a statement.

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