on easy credit given by fintech firms has led to a crash in an industry that had raised US$ 700 million in the past year and registered millions of users.
Digital payment firms like LazyPay, Slice, Uni Cards, Ola Postpaid, and MobiKwik had ventured into digital lending, tying up with banks or non-banking financial institutions to offer credit against their prepaid cards or digital wallets.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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