The Central Bank of Myanmar (CBM) has issued a stern warning regarding the Quick Loan application, which has been attempting to defraud individuals by misusing the CBM’s logo. 

Quick Loan application lacks the necessary licenses from the CBM. Despite this, they have been operating as an illegal financial service business, enticing people with the promise of loans.

The application has been collecting personal information and money from unsuspecting users under false pretenses. By misusing the CBM’s logo, they have created an illusion of legitimacy.

The CBM strongly advises the public to steer clear of Quick Loan application and similar fraudulent schemes. It warned not to fall victim of their deceptive tactics.

Moreover, CBM is actively collaborating with law enforcement agencies to bring the fraudsters to justice. 

Existing laws will be enforced rigorously against those involved in such activities.