Chinese loan apps ban: Government lifts ban on PayU’s LazyPay, Kissht, KreditBee
Shortpedia
Content Team
Image Credit: IANS
The Ministry of Electronics and Information Technology (MeitY) has lifted the ban on some digital lending apps like PayU's buy-now-pay-later (BNPL) service LazyPay, Kissht, KreditBee and others, after it blocked nearly 138 gambling apps and 94 loan apps over "Chinese linkage" concerns. The IT Ministry was recently instructed by the Union Ministry of Home Affairs (MHA) to ban such apps, which operate through a third party link.
