Digital lending companies meet MeitY over apps ban

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Several digital lending apps affected by the Ministry of Electronics and Information Technology’s (MeitY) unexpected ban met with ministry officials on Wednesday (February 8) to discuss the issue.

According to a Mint report, MeitY officials met with around 15 major digital lending companies in Delhi yesterday. Companies were given 30-minute time slots to make individual representations, as well as group representations. According to the publication, digital lending companies at the meeting were strictly forbidden from sharing details outside of the meeting room. According to a fintech founder cited by Mint, Google received a list from MeitY but has yet to act on it.

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Digital lending companies meet MeitY over apps ban

Several digital lending apps affected by the Ministry of Electronics and Information Technology’s (MeitY) unexpected ban met with ministry officials on Wednesday (February 8) to discuss the issue.

According to a Mint report, MeitY officials met with around 15 major digital lending companies in Delhi yesterday. Companies were given 30-minute time slots to make individual representations, as well as group representations. According to the publication, digital lending companies at the meeting were strictly forbidden from sharing details outside of the meeting room. According to a fintech founder cited by Mint, Google received a list from MeitY but has yet to act on it.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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