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Indian start-up PaySpoon dishes up mobile credit

“The firm says it offers micro credit lines built on bank and alternative data. It explains: “No matter who you are, there always will be situations that set you back financially. You might end up having to seek the help of your friends or family.” Via its Spoon app, users can log in and are “instantly eligible” for a loan. These kinds of quick fix loans are all over the UK as well; as people struggle to survive on low salaries and the high cost of living.”