Ambitious fintech now gropes for a comeback after new RBI rule10 min read . Updated: 20 Sep 2022, 10:05 AM IST
- Uni’s business is in limbo ever since the RBI barred loading credit lines on pre-paid cards. What lies ahead for Uni?
NEW DELHI : In early June, everything was going right for Uni, one of India’s most popular card fintechs in the BNPL (buy-now-pay-later) space. Led by Nitin Gupta, the co-founder of PayU, the fintech had just acquired a company licensed to operate prepaid instruments (PPI), a deal that would have made it less dependent on banks. More aggressive plans were on the way. The team was raring to go.
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