Fintech players confused after app ban, say clueless about govt's reasons

Companies approach MeitY for answers and report cloned platforms on red list; Google reviewing directive to restrict apps on Play Store

Confusion prevailed in the Indian lending application and fintech ecosystem on Tuesday after the Ministry of Electronics and Information Technology (MeitY) began to block over 200 apps and websites earlier this week, even as some hinted at the Centre listing cloned versions among those being struck down.

The Digital Lenders’ Assoc­iation of India (DLAI) said it was unaware of such action. “As of today, we as an association have not received any formal communication from MeitY on restricting any digital lending app or any warning on any fraudulent practices,” said the industry body in a statement.

“We are clueless. We tho­ught there