Finance
EnglishNithin Kamath warns: Offshore betting apps can be risky!
Nithin Kamath, the CEO of Zerodha, warns that offshore betting apps using UPI could put your money at risk! These apps lure users with low entry fees and quick sign-ups, but cashing out winnings can be a nightmare. To keep your wallet safe, it's best to think twice before diving into these tempting but tricky waters!
few days ago | Amit Kumar
Quick rundown
1.Offshore betting apps exploit India's UPI system.
2.Nithin Kamath warns of financial risks from these apps.
3.Social media marketing fuels the growth of these platforms.
4.Users face difficulties withdrawing winnings from offshore operators.
5.Restricting UPI access could curb the spread of such apps.
