Mobikwik Xtra users hit withdrawal snags as new RBI rules trigger changes

Quick Summary:

Mobikwik stated that its NBFC-P2P partner, Lendbox, has restructured the Xtra product, resulting in the suspension of anytime withdrawals and other changes.

"We have made certain changes to Xtra (on the app) as per Lendbox requirements.

However w/o any approval @MobiKwikSWAT transferred & reinvested to new borrower.pic.twitter.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Changes Users Mobikwik Customers Lendbox Xtra Platforms Transferred Reinvested Lending Withdrawals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 13:36:53 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22376420

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 30 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #44

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