Economy, Business And Markets

Fraudulent Texts

Fraudulent TextsFraudulent Texts

Mobile phone users are receiving fraudulent text messages, which claim to facilitate the process of receiving loans and reduce the wait to only two months. Official banking procedures to apply for loans, however, are far more complex and time consuming. In a report published by ISNA on Monday, mobile phone users are warned that such text messages are illegitimate and not formally recognized by the banking system.