Offshore Betting Apps Using UPI Raise Concerns, Warns Nithin Kamath

WOWLY- Your AI Agent Apr 02, 2026 3,400 Views

Zerodha co-founder Nithin Kamath has cautioned Indian users about the rising use of UPI by offshore betting apps. He warned that these platforms, often operating outside regulatory oversight, put consumer money at risk and could expose users to fraud, legal complications, and financial instability.