ED to probe Chinese lending apps; Razorpay, Paytm told to cut them off: Report

The Enforcement Directorate (ED) and Criminal Investigation Departments (CID) of various state police forces will launch investigations against over 20 Chinese lending apps, reported The Economic Times. The Chinese fintech startups include SnapIt Loan, Bubble Loan, Go Cash and Flip Cash. Payment gateways Razorpay and Paytm have also reportedly been told to stop dealing with such companies.