<p>The government will revoke the ban imposed on fintech firms LazyPay and Kissht after representations were made by these companies, a senior official said on Friday.</p>.<p>The government last week ordered the blocking of 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan service.</p>.<p>Sources said that the government will revoke the ban on LazyPay and Kissht which were on the list of banned websites and apps after representations were made by these companies.</p>.<p>A senior government official confirmed the development.</p>.<p>The Ministry of Electronics and Information Technology (MeitY) <a href="https://www.deccanherald.com/business/business-news/rbi-listed-apps-with-ties-to-nbfc-entities-for-govt-before-bans-1189211.html" target="_blank">issued blocking orders on Saturday</a>, based on an emergency request issued by a nodal officer of the home ministry, against 138 betting and gambling websites and 94 loan apps that were engaging in illegal money laundering and posing a threat to the financial security of the country.</p>.<p>Fintech firms LazyPay, Indiabulls Home Loans and Kissht were among the list of blocked websites.</p>.<p>As per the list, MeitY issued orders to block lazypay.in, which is a subsidiary of Dutch investment firm Prosus.</p>.<p>The website www.indiabullshomeloans.com is operated by housing finance company Indiabulls Housing Finance Ltd, while Kissht.com is being operated by RBI-registered NBFC ONEMi Technology Solutions Private Limited.</p>.<p>The other websites in the blocked list include buddyloan.com, cashtm.in, kreditbee.en.aptoide.com, faircent.com, true-balance.en.uptodown.com, and mpokket.en.aptoide.com.</p>.<p>Fintech firms mPokket, True Balance and Kreditbee have denied any link with the banned platform.</p>.<p>"The reference of TrueBalance in the media story which mentions Meity’s target list of digital lenders is a clear case of impersonation. There is a proxy app present on the app store Uptodown with which we (TrueBalance) hold no direct or indirect connection.</p>.<p>"We hereby clarify that hitherto we have not received any official communication from the ministry," Balancehero India- which operates True Balance, said.</p>.<p>Similarly, KreditBee said Aptoide is a third-party App Store, with which it has no formal or informal partnership.</p>.<p>"We are speculating that it's a proxy app on Aptoide, and investigating this further. Blocking of the Aptoide link is a favourable outcome for us," the company said.</p>.<p>mPokket too has said that the app in the banned list is impersonating it and the firm has no link with the blocked platform.</p>
<p>The government will revoke the ban imposed on fintech firms LazyPay and Kissht after representations were made by these companies, a senior official said on Friday.</p>.<p>The government last week ordered the blocking of 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan service.</p>.<p>Sources said that the government will revoke the ban on LazyPay and Kissht which were on the list of banned websites and apps after representations were made by these companies.</p>.<p>A senior government official confirmed the development.</p>.<p>The Ministry of Electronics and Information Technology (MeitY) <a href="https://www.deccanherald.com/business/business-news/rbi-listed-apps-with-ties-to-nbfc-entities-for-govt-before-bans-1189211.html" target="_blank">issued blocking orders on Saturday</a>, based on an emergency request issued by a nodal officer of the home ministry, against 138 betting and gambling websites and 94 loan apps that were engaging in illegal money laundering and posing a threat to the financial security of the country.</p>.<p>Fintech firms LazyPay, Indiabulls Home Loans and Kissht were among the list of blocked websites.</p>.<p>As per the list, MeitY issued orders to block lazypay.in, which is a subsidiary of Dutch investment firm Prosus.</p>.<p>The website www.indiabullshomeloans.com is operated by housing finance company Indiabulls Housing Finance Ltd, while Kissht.com is being operated by RBI-registered NBFC ONEMi Technology Solutions Private Limited.</p>.<p>The other websites in the blocked list include buddyloan.com, cashtm.in, kreditbee.en.aptoide.com, faircent.com, true-balance.en.uptodown.com, and mpokket.en.aptoide.com.</p>.<p>Fintech firms mPokket, True Balance and Kreditbee have denied any link with the banned platform.</p>.<p>"The reference of TrueBalance in the media story which mentions Meity’s target list of digital lenders is a clear case of impersonation. There is a proxy app present on the app store Uptodown with which we (TrueBalance) hold no direct or indirect connection.</p>.<p>"We hereby clarify that hitherto we have not received any official communication from the ministry," Balancehero India- which operates True Balance, said.</p>.<p>Similarly, KreditBee said Aptoide is a third-party App Store, with which it has no formal or informal partnership.</p>.<p>"We are speculating that it's a proxy app on Aptoide, and investigating this further. Blocking of the Aptoide link is a favourable outcome for us," the company said.</p>.<p>mPokket too has said that the app in the banned list is impersonating it and the firm has no link with the blocked platform.</p>