Champcash | Earn Upto Rs. 5000 Per Day
"Champcash is an Android Application Through which Anyone Can be a Millionaire By Just Installing Some Apps in Mobile. Just Refer Champcash to Your Friends and Ask them to Complete the Challenge By installing 8-10 Apps in their Android phone, You will Get its payment instantly," the company says on its website.
The app is listed under entertainment on Google Play and its title is "Champcash Earn Money Free". Here is says, "Funda is Simple, We are Giving Money of Advertisement. Users Installs the Apps and Advertisers Pay us and We Pay Users. You can Earn Unlimited without investing any money..."
This may sound good for a gullible person in need of free money, but remember, it is not as easy as it sounds. There are two serious issues with this claim from Champcash. One, there is no clarity on which 10 apps that a user is bound to install, open and use for at least a minute and second, why would an advertiser pay money to anyone for installing a third party apps? Also, if Champcash app is free, then why the user needs to punch in a sponsor ID?
Now, I have been using, testing several mobile apps since past several years, and have yet to come across anyone who offers money to install an app. It is the other way around. If you use free apps, then there may be some advertising popping up while you use it. And if it is a paid version, then there would not be any advertisement besides providing your some more features of the app.
Since Champcash claims to receive and distribute money to everyone who uses its app, we asked a few questions around. First, we asked regulators, if Champcash is registered with them, since it is in money circulation business. In an email reply, an official from the Reserve Bank of India (RBI) clarified, "The company (Champcash or Champion Networks Pvt Ltd) is not registered with us - neither as an authorised entity under Payment and Settlement Act nor as an NBFC."
Now, I have been using, testing several mobile apps since past several years, and have yet to come across anyone who offers money to install an app. It is the other way around. If you use free apps, then there may be some advertising popping up while you use it. And if it is a paid version, then there would not be any advertisement besides providing your some more features of the app.
Since Champcash claims to receive and distribute money to everyone who uses its app, we asked a few questions around. First, we asked regulators, if Champcash is registered with them, since it is in money circulation business. In an email reply, an official from the Reserve Bank of India (RBI) clarified, "The company (Champcash or Champion Networks Pvt Ltd) is not registered with us - neither as an authorised entity under Payment and Settlement Act nor as an NBFC."
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