India's central bank ban on loading non-bank prepaid payment instruments using credit lines has created panic among Indian fintech startups (Manish Singh/TechCrunch)

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Manish Singh / TechCrunch:
India's central bank ban on loading non-bank prepaid payment instruments using credit lines has created panic among Indian fintech startups  —  Fintech startups in India have raised over $15 billion from high-profile foreign investors in the past two years.  —  For nearly all fintech startups, lending has long been the end game.

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