Payday lenders turn tap off to new customers, conserve cash

EarlySalary, KreditBee and LoanTap are focusing only on servicing their existing clients and collect the loans back, in a bid to survive the economic downturn. Fintech lenders charge 1.4-2.5% per month.

from Banking/Finance-Industry-Economic Times https://ift.tt/2K9KUW5