It’s crucial to thoroughly assess the facts behind every piece of information, especially when it contains some disclaimer about a legitimate, renowned, and trusted person or brand. Today, we will assess the reality behind Kissht Chinese rumors and help the audience understand why they don’t need to trust such misinformation.
2. Sometimes, there’s a very thin gap between
right and wrong, and people start believing
rumors based on unauthentic facts. It’s
crucial to thoroughly assess the facts
behind every piece of information,
especially when it contains some disclaimer
about a legitimate, renowned, and trusted
person or brand. Today, we will assess the
reality behind Kissht Chinese rumors and
help the audience understand why they
don’t need to trust such misinformation.
Let’s explore some of the major reasons:
3. Thelegitimatecompanydoesn’t
promotebusinesscollaborations
likeKisshtChinese
Kissht is among the few trusted FinTech
platforms in India that are renowned for
making user-centric decisions. India’s leading
digital lending app adapts innovative
measures and business models that benefit its
customers. It believes in generating profits
through ethical business practices and sticks
only to expanding collaborations with trusted
NBFCs in India. Kissht has no Chinese partner
or investor; therefore, Kissht Chinese rumors
are baseless.
4. AnRBI-registeredcompanythat
rulesoutthepossibilityofhaving
KisshtChinesecollaboration.
RBI monitors frequently to analyze if all FinTech
platforms in India operate ethically and follow its strict
guidelines. Once an organization gets registered with
RBI, it adheres to follow the rules set by the leading
regulatory body in India. RBI gets all the important
information about how the business operates and to
whom it is expanding its business relations and
partnerships. According to RBI’s guidelines, China-
originated or any organization linked with China is
strictly prohibited from doing business or investing in
any FinTech Companies in India. Therefore, Kissht
Chinese rumors are completely fabricated and
baseless. If the Kissht app had taken any such step in
the past or at present, RBI should have banned it until
now. But there’s no such news in the industry as of
now.
5. KisshtChinese,theconsequenceof
confusionoranerror?
Whether you’ve gone through rumors about
Kissht Chinese or Kissht Fosun, these terms fail
to define the real truth. It all started a few years
back when an authoritative regulatory agency in
India investigated whether all FinTech apps in
India are operating by following all the
guidelines set by RBI. During the investigation,
around 232 apps were found guilty; some had
connections with China-led companies. When
the list of all the faulty apps was issued, Kissht’s
name was erroneously interpreted in the list due
to the similar-sounding names of some apps.
Orders were issued to ban all apps involved in
suspicious activities and business collaborations
immediately.
