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In what appears to be a fresh crackdown on digital lending apps in India, PayU’s LazyPay, and Vertex Growth and Brunei Investment backed Kissht are among the lenders who are impacted due to this latest directive from the government. MeitY recently blocked 138 betting apps, and 94 loan apps with links to China and alleged involvement in money laundering.

Lazypay, Kissht, other prominent digital lenders face app & website ban in India in fresh crackdown
According to sources, MeitY recently blocked 138 betting and 94 loan apps with China links for their alleged involvement in illegal activities. The exact reason for the move is not clear, but it is speculated that they are part of the list of apps with links to China.