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Unicard UPDATE - SUSPENDED DUE TO RBI GUIDELINES

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reviveme

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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Deal Lieutenant Deal Lieutenant
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This BNPL services should be banned for the greater good.

Finance Mentor Finance Mentor
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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?

Mobile Guru Mobile Guru
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LazyPay, Slice found ways to keep the active, this one too will (Meanwhile Ola excluded PayLater limit from OlaMoney Prepaid cards).. There seem to be a lot of loopholes to exploit and it will take couple more months or years to come up with any notifications restricting these BNPL services smile 
Finance Ninja Finance Ninja
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Nothing like this showing in my app , where to find?
Beacon Beacon
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Strange that this service suspension is selective. I talked to their cc and they told me that not every customer's services are going to be suspended. Mine still working.
Finance Ninja Finance Ninja
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I guess those that are not with SBM bank have been suspended. Mine is with SBM and working perfectly fine
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Helpful Helpful
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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..

Helpful Helpful
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Good move, instead of bnpl give proper super premium credit card without any income verification like they're doing now

Deal Subedar Deal Subedar
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lol
Super Stud Super Stud
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E to sala hona hi tha.jpg
Benevolent Benevolent
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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. 

Finance Mentor Finance Mentor
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@panchabhut I just look for the cross mark once I see the word ZIP...

Comrade Comrade
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Is it working?
replyuser
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