Update Uni Credit line Cards are working Again !!!

[Ghost477]

Uni Cards stopped working @TechnoFino

 

[BankExpertIndia]

As RBI Has Stopped Loading Credit Lines Into Prepaid Cards... Which I Was Saying For A Long Time "Stay Away From BNPL"... So Now They Are Thinking Of To Launch Their Own Credit Cards Like OneCard.

 

[BUDHRAJ]

they will launch credit card like onecard..
lazypay, slice, unicard all are in talk with bank and nbfc for credit card...
if you can wait.. just wait for lauch as you will get early access to their new product..
so wait some time before closing them..

 

[BankExpertIndia]

they will launch credit card like onecard..
lazypay, slice, unicard all are in talk with bank and nbfc for credit card...
if you can wait.. just wait for lauch as you will get early access to their new product..
so wait some time before closing them..

I Am Thinking The Same... I Will Wait For Their New Products To Come And Then Decide Weather To Close Them Or Not.

 

[BUDHRAJ]

I Am Thinking The Same... I Will Wait For Their New Products To Come And Then Decide Weather To Close Them Or Not.

you should wait.. as existing customer will get access early to their new products... and as we all know during starting phase there will be many offers

 

[CMG]

Is RBI is looking into SBM regarding FD based cards of Onecard, Paisabazaar?

 

[Abhishek012]

Slice also suspended card services ?

 

[Credit Karma]

Is RBI is looking into SBM regarding FD based cards of Onecard, Paisabazaar?

More trouble for Slice: SBM Bank India to stop onboarding new customers for credit on PPI

The bank had sent a communication to Slice, Uni and PayU's LazyPay on pausing new customer onboarding after the Reserve Bank of India (RBI) approved the first set of guidelines on digital lending on August 10. Uni and LazyPay had stopped onboarding new customers since June.

www.moneycontrol.com

I think SBM is trying to wait out the situation. Not all the banks were keen to work with fintechs. RBI might be taking it as a potential sign of fraud or non- compliance to its guidelines.

Upcoming months will be crucial for startups offering cc like onecard etc in partnership with SBM

 

[Ghost477]

Slice also suspended card services ?

Not yet

 

[romancingtheplanet]

Uni card works for me. About a month back they asked me to upgrade the card and I did it.

 

[ashwink]

Uni card works for me. About a month back they asked me to upgrade the card and I did it.

What upgrade?

 

[romancingtheplanet]

What upgrade?

They changed the card before expiry to a new one. Previously it was RBL, now it's SBM.

 

[ashwink]

They changed the card before expiry to a new one.

Isn't it a prepaid card?

 

[Credit Karma]

There is a rumour that PayU and UNI will have to come up with a proper credit card or charge cards.

Is there any truth to it?

Certainly there must be a queue at the RBI door for credit card business approvals. Then why would RBI entertain them anyways!

 

[Batmanbaba]

Lazypay card working fine like old times.... But they are now giving 0.5% cb.... Earlier 90% of times 1% cb was assured...

 

[Strange]

Uni Card has started working again even after suspending our cards on 19th Aug.

 

[ashwink]

Uni Card has started working again even after suspending our cards on 19th Aug.

Majaak banake rake hai😝🤣

 

[rjsudeep]

Uni card was working fine for me all the while, and I didn't receive this intimation mailer either!