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    Loan App Ban

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    • MeitY exploring verification process for loan apps with RBI, Finance Ministry: Rajeev Chandrasekhar

      These statements come at a time when the government blocked over 138 betting apps and 94 lending apps for alleged Chinese connections

    • Digital lending platform Mintifi to raise $60 mn at $350 mn pre-money valuation

      Mintifi’s deliberations are still ongoing and fairly at an early-stage, with the company being involved with at least four investors. The final funding amount and the valuation can go a notch higher as well.

    • Loan app blocking is a national security issue, says Ashwini Vaishnaw

      As many as 94 digital lending platforms, including Kissht and PayU-backed Lazypay, were spiked after blocking orders were issued on an 'urgent' and 'emergency' basis under Section 69A of the Information Technology Act 2000.

    • Relief for digital lending startups; MeitY to revoke ban post review

      MeitY officials have revoked the ban on Kissht, LazyPay, Buddy Loan, Faircent, and CashTM and will be informing the hosting platforms like Google to revoke the ban and let the apps run as usual.

    • Loan apps ban: Industry insiders call it a good move to remove bad actors

      Fintech startup founders weigh in possibilities of illegal cross border data sharing and cybersecurity threats

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