Page 7 - Digital Lending

MoneyTap launches 'buy now pay later' facility for digital borrowers

Digital lending platform MoneyTap on Wednesday said it has unveiled a 'buy now pay later' facility for its borrowers

No data on number of companies giving online app-based loans, says govt

Anurag Thakur informed the Parliament that the MCA does not capture the data of registered companies providing online lending services

Fraud in fintech being fought with regulatory tech

It has been estimated that more than 1,200 lending apps are active in India. While some have been shut down or removed from Google or Apple platforms, others can pop up with frightening speed

RBI working committee in favour of setting up NPCI-type agency for fintechs

RBI panel favours new structure for better supervision

RBI to crack whip on recovery agents, calls for restricting messaging apps

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans

Immobilise unregistered digital lending apps

Forget lack of faith, there is fear of the law enforcement machinery even among educated, sophisticated, middle-class people

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Regulated digital lenders support move; Google reviews "hundreds of personal loan apps", removes violators of its user safety policies from Play Store

RBI constitutes working group to develop and regulate digital lending

The six-member panel comprising four RBI internal members and two external members is expected to submit its report within three months

RBI sets up panel to suggest measures for promoting digital lending

Amid rising incidents of harassments relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending.

RBI forms working group on digital lending as frauds come into sharp focus

The group will suggest steps to regulate digital lending including online lending platform and mobile lending

Best of BS Opinion: Fifty shades of media, digital dangers, and more

Here's a selection of Business Standard opinion pieces for the day

Digital dangers

Unauthorised lending apps must be stopped

Borrow from RBI-registered lending apps to avoid unscrupulous operators

Digital Lenders' Association of India (DLAI) has come out with a few guidelines

Fintechs show interest in becoming SFBs, but transitions involve risks

The fintech model is conceptualised as asset-light, which, in fact, played a huge role in Fino Payments Bank's early breakeven

RBI warns public about shady digital lending apps promising quick finance

Informs public about exorbitant rates of interest charged by such apps, and use of muscle power to recover dues; guides on reporting rogue service providers

Some lending apps following unfair recovery practices: Former RBI DG

Former RBI deputy governor R Gandhi on Wednesday said some lending apps have been indulging in wrongful recovery practices for loans

Brand 'N' Digital - Leading Forward with Technologies to offer Holistic Consultation Services

Beginning with the Founder - Col Anil Kumar NR

Unicorn tag just a pit stop, hungry for many more laps: Razorpay co-founder

By end of FY21, the firm expects two new streams to contribute to 35% of its overall revenue, with a 100% increase in its count of partner businesses

Start-ups to get priority sector tag as RBI revises lending norms

It intends to align them with emerging national priorities and bring a sharper focus to inclusive development

Google foraying into digital lending space by roping in fintech players

ZestMoney is now integrated on Google Pay digital store's Spot platform to offer credit to customers