ED raids online payment gateways Razorpay, Paytm, Cashree

The Enforcement Directorate has raided online payment gateways such as Razorpay, Paytm, and Cashfree as part of an ongoing probe against ‘illegal’ instant smartphone-based loans ‘controlled’ by Chinese persons. These raids started on Friday at six premises in Karnataka’s capital city. The ED said that had seized Rs 17 crore worth funds kept in ‘merchant … Read more