News India blocks 138 betting apps, 94 lending apps with Chinese links; some non-Chinese apps also targeted This is the first time a large scale action to block lending and gaming apps has been ordered by the government Sarvesh MathiFebruary 7, 2023
News Explained: What is the National Financial Information Registry? India will set up a National Financial Information Registry to “serve as the central repository of financial and ancillary information.” Sarvesh MathiFebruary 2, 2023
News MHA Asks States, UTs To Take Strict Action Against illegal Lending Apps, Offers Support The Home Ministry wrote that a large number of illegal digital lending apps are operational in the country, leading to data theft and even... Akshit ChawlaNovember 1, 2022
News Why the US wants to regulate the Buy Now, Pay Later (BNPL) industry The US Consumer Financial Protection Bureau published a report detailing the consumer harms associated with the "rapidly growing" BNPL industry Sarvesh MathiOctober 4, 2022
News RBI Will Issue Whitelist of Lending Apps Allowed On Google Play and Apple App Store: Finance Ministry RBI will prepare a whitelist of legal lending apps and MeitY will ensure that only these apps are hosted on Google Play and Apple... Sarvesh MathiSeptember 9, 2022
News Summary: What are RBI’s new rules for digital lending apps and service providers? The RBI released a new regulatory framework to govern digital lending including lending through online platforms and mobile apps Sarvesh MathiSeptember 6, 2022
News Predatory loan apps: Chartered Accountants under scrutiny, IT Ministry in consultation with Google Play Store The probe by ICAI for allegedly enabling these predatory loan apps comes along with MeitY working with Google Play store to curb them Sarvesh MathiAugust 23, 2022
News RBI cancels registrations of five NBFCs for predatory lending practices This sends a strong message to others in the digital lending space. Sarvesh MathiMay 26, 2022
News TLDR: Airtel, WhatsApp, Twitter, QAnon, CarDekho, bitcoin, legal tender, fintech Airtel grabs minority stake in cloud networking solutions firm Bharti Airtel has become a minority shareholder (7 percent stake) in cloud-based networking solutions provider... Karan HMApril 28, 2022
News TLDR: RBI, Amazon, Flipkart, Dogecoin, Starlink, digital lending, non-personal data Govt to unveil non-personal data framework in 10 days: IT Minister A framework comprising the use of non-personal data will be released by the... Karan HMApril 26, 2022