RBI releases full list of legal digital lending apps on its site

MUMBAI: The Reserve Bank of India (RBI) has published a comprehensive list of legal digital lending apps (DLAs) on its website, allowing consumers to verify whether a particular app is associated with a regulated entity. The list, which features around 1,600 DLAs, includes prominent fintech platforms such as Google Pay, BharatPe, Axio, LendingKart, Navi, Paytm and PhonePe.

The move follows the RBI’s 2023 digital lending guidelines, which proposed the public display of all verified DLAs to promote greater transparency in the sector.