#QuickTakes By

Indian Gov Blocks Payu’s Lazypay, Kissht, Faircent And More

Scribbled Arrow

TRENDING GLOBALLY

-: FOLLOW US :-  @theinsaneapp

The Indian IT Ministry is cracking down on apps to curb misuse of consumers’ data and protect the nation’s integrity.

-: FOLLOW US :-  @theinsaneapp

The LazyPay app and Kissht have been blocked by internet service providers in India.

-: FOLLOW US :-  @theinsaneapp

LazyPay has disbursed over $260 million in short-term loans to customers in India.

-: FOLLOW US :-  @theinsaneapp

Kissht is valued at over $450 million and has raised $125 million to date.

-: FOLLOW US :-  @theinsaneapp

Faircent is also among the blocked apps.

-: FOLLOW US :-  @theinsaneapp

The reason for the blocking of LazyPay and Kissht is unclear.

-: FOLLOW US :-  @theinsaneapp

India is in the process of blocking 232 apps, including some with links to China, that offer betting and loan services to prevent misuse of citizens’ data.

-: FOLLOW US :-  @theinsaneapp

Over 90 of the blocked apps provide unauthorized loan services, and nearly 140 are in the betting and gambling category.

-: FOLLOW US :-  @theinsaneapp

The IT Ministry's move was prompted by the Ministry of Home Affairs.

-: FOLLOW US :-  @theinsaneapp

The ministry has not identified all the apps it is blocking.

#GIVEAWAY BY INSANE

Do you know that we give away around $250 USd in cash prizes every week?

Let’s grow together!