Unicard UPDATE - SUSPENDED DUE TO RBI GUIDELINES
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Hello everyone received this sms and then checked on app also.
Important announcement:
Due to the latest RBI guidelines on digital lending, we have temporarily suspended card services. 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.
Can you still use Uni? Yes.
Your Uni Cash will work as usual. It's the quickest way to transfer your credit line directly to your bank account. To avoid any inconvenience to you, we are extending a zero-charge limit on Uni Cash till 21st September, 2022. Check your Uni app for more details.
Meanwhile, we are building something really exciting for you. Like always, it's first-of-a-kind and never been done before.
Stay tuned!
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Hope BNPL card like this never comes back.
Meanwhile, we are building something really exciting for you. Like always, it's first-of-a-kind and never been done before.
What's cooking? Another recipe to deceive and extort less informed people?
i guess lazypay, slice, uni and all they are trying to work with nbfc or banks to became like proper credit card like onecard..
lazypay and slice are in talk with bank and nbfc, also by the looks of your post, it is clear that unicard is also going to became a proper credit card instead of credit line...
so don't close them yet wait for some months because existing customers will get the benifits early..
Good move, instead of bnpl give proper super premium credit card without any income verification like they're doing now
When will the mobidick zip-trap close. The app became unusable due to their continuous popups to trick the user into falling in the zip-trap.
@panchabhut I just look for the cross mark once I see the word ZIP...
This BNPL services should be banned for the greater good.