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Chinese fintech Due to rules from the central bank, Uni suspends card services

Source: admet.net admet.net
News Snapshot:

Following the local central bank’s rules on digital lending, the Indian pay-later cards startup Uni has temporarily discontinued its card services in the South Asian market, affecting millions of customers. That implies your card is now disabled. We’ll keep you informed while we work with our banking partners to restore card services. The $350 million startup said in the warning that there would be no impact on invoicing or payments. Uni, backed by General Catalyst, Elevation Capital, and Lightspeed Venture Partners, has issued a statement confirming the company will be temporarily suspending card services for its products (the Uni Pay…

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