Along with the Chinese loan app, the ban also affected the domestic app, the work of these apps came to a standstill.


highlights

You can shop for personal loans and EMIs through the Lazypay app
Kissht App is India’s online loan giving app.
It is not known whether the reason for the stalling of the app is related to the action taken on China or not.

On February 5, the central government has banned many Chinese apps doing digital strike, 138 betting and 94 loan giving. It has been learned that after the implementation of this decision, not only China but also many domestic apps have been affected.

Many apps have given information that after the decision, their functioning is being affected. One of these is also LazyPay, which has been blocked. LazyPay supported by PayU has informed that their website and app has stopped working and they are taking all possible steps to resolve the issue.

What is LazyPay app and how does it work?
Lazypay App provides online facilities like Personal Loan, Buy Now Pay Later, No Cost EMI and Scan & Pay Later to the customers. Through this, you can shop on personal loan and EMI and also take advantage of Pay Later facility like Flipkart Pay Later.

According to the report, Kissht is also affected. However, at the moment it is not known whether the reason for the app not working is related to the action taken on China or not.

What is Kissht App and how does it work?
Kissht App is India’s online loan giving app. Through this app one can easily buy goods like fridge, TV, mobile, laptop on EMI.

Kissht Loan App mainly gives 3 types of loans.
Loan against purchase of online shopping, quick personal loan and revolving line of credit. It offers a Revolving Credit Limit, in which you can use your credit limit in 2 or 24 months.

Why did the government ban the apps?
The government has taken the action of banning the app after the news in which the matter of misbehaving with the common people through the loan app has come to the fore.

Tags: app, loans, tech news, tech news in hindi



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