India’s extensive filtering against China
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According to Aetna from Isna, the value of the Indian digital payment company Paytm rose after the release of this news. According to the report of the Economic Times newspaper, the lending applications that are blocked include the competitors of this company.
Indian Prime Minister Narendra Modi’s government has banned Chinese tech giants from the Indian market since 20 Indian soldiers and a number of Chinese soldiers were killed in the Himalayan border clashes and banned hundreds of applications, including Tencent Holdings’ WeChat and ByteDance’s Tik Tok. has filtered
The Reserve Bank of India also made digital lending regulations stricter after realizing that some of these apps were harassing their customers.
According to a Bloomberg report, India has also restricted the presence of Chinese companies in other areas. In a move that will hit Xiaomi, the country plans to ban Chinese smartphone makers from selling phones cheaper than 12,000 rupees ($150) to support its domestic industry.