Kissht to LazyPay: Centre revokes order blocking seven loan apps

Decision after reviewing documents justifying compliance, says official

The government has revoked blocking orders against at least seven money-lending platforms affected by the recent crackdown on 94 loan apps, after reviewing their documents justifying compliance with internet and finance-related laws, multiple sources said. 

The ministry gave a verbal confirmation on the relief to the players late on Thursday, while internet service providers confirmed it on Friday. Though the platforms await a written communication, it was confirmed that the websites and mobile apps of Kissht, LazyPay, and Indiabulls Home Loans have been removed from the blocking order.

“The decision has been taken after receiving presentations from the platforms according