LazyPay, KreditBee, and more loan apps unbanned by Indian government: report
The Indian government recently shocked the fintech industry by banning 230 betting and loan lending apps with alleged Chinese links earlier this week. Since…
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Government Said to Revoke Ban on LazyPay, Kissht, Other Fintech Firms
The government will revoke the ban imposed on fintech firms LazyPay and Kissht after representations were made by these companies, a senior official said on…
Lazypay: Ban on lending apps LazyPay and Kissht removed; update on other blocked apps and websites
The government has good news for Indian lending apps LazyPayand Kissht. The ban imposed on these apps earlier this week is being revoked. The government…
IT ministry sets ‘2 day deadline’ for lending apps – Times of India
Five days after banning digital lending websites and apps, the IT ministry has given 48 hours for these platforms to prove their genuineness, a senior…
Here’s what Digital Lenders’ Association has to say on lending apps’ ban
The government recently banned 94 lending apps, including those of Indian companies. Now, the Digital Lenders’ Association of India (DLAI), which represents…
India bans 200-plus Chinese mobile apps in boon for Paytm – Times of India
India has issued orders to block a further 232 apps and websites, most of which were linked to China, in a sign that relations remain fraught between Asia’s…
PayU’s LazyPay and other non-Chinese apps banned by the government – Times of India
PayU’s LazyPayis among the apps that India’s IT ministry has blocked in the ongoing crackdown on lending apps. Earlier this week the government banned 94…
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) this week issued a notice to all non-bank prepaid payment instrument (PPI) issuers in the country to restrict them from…
RBI Orders to Limit Lending by Fintech Companies: All Details
The Reserve Bank of India (RBI) this week issued a notice to all non-bank prepaid payment instrument (PPI) issuers in the country to restrict them from…
Explained: Why RBI’s new rules are bad news for ‘buy now, pay later’ customers,…
On Monday, 20 June, the Reserve Bank of Indiaissued a notification forbidding operating non-bank institutions or fintech companies, including many of the…