Indian fintech Uni to suspend card services amid central bank’s guidelines

Indian pay-later cards startup Uni plans to temporarily suspend its card services in the South Asian market following the local central bank’s guidelines on digital lending, it said in a notice to users seen by TechCrunch, in a move that will impact millions of users.
“This means your card will be inactive for now. We are working with our banking partners to resume the card services as soon as possible and will keep you posted. However, there will be no change to your billing and repayments,” wrote the startup, which is valued at $350 million, in the notice.
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