Indians’ payment landscape is changing rapidly with the latest news of India’s central bank, Reserve Bank of India (RBI), lifting the freeze on mobile payments and lending apps. PayU’s lending platform, LazyPay, as well as some other lending apps such as LoanFace, MoneyVest, ZipLoan, HomeCredit and KrazyBee, were banned by the Reserve Bank of India… Continue reading India lifts ban on PayU’s LazyPay and some other lending apps
Category: lending
Pakistan cracks down on sketchy digital lending
In a major effort to protect citizens and curb the unchecked lending practices of unregistered financial institutions, the government of Pakistan has taken steps to crack down on sketchy digital lending. The government’s effort is part of a larger digitalization movement to make banking and payment services more easily accessible to its citizens, but unfortunately,… Continue reading Pakistan cracks down on sketchy digital lending