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UNI Card Suspends its Two Service: If you are a customer of prepaid payment card company Uni Card, then this news is of your use. Following the Reserve Bank of India’s directive issued in June, Uni Card Company has decided to discontinue two of its services (UNI Suspends its Two Services). Let us tell you that the Reserve Bank had asked companies to discontinue the facility of giving credit on cards to customers i.e. Prepaid Payment Instruments (PPI).
Since then, Uni has decided to discontinue two of its cards which used to give loans to customers. While discontinuing these two services, the company said that keeping in mind the RBI guidelines dated June 20, 2022, the company has closed two card services Uni Pay 1/3rd Card and Uni Pay 1/2 Card.
Discontinued the service of Uni Pay 1/3rd Card and Uni Pay 1/2 Card
Let us tell you that on Friday, Uni Pay company issued a statement saying that their two cards Uni Pay 1/3rd Card and Uni Pay 1/2 Card works on the lines of prepaid payment instruments. On these cards, customers used to get loan facility. In such a situation, following the guidelines of RBI, the company has stopped the service of both its cards. The process of closing this card will be completed on 22 August 2022.
The facility of UNI Cash will continue to be available to the customers.
Giving information on this matter, Nitin Gupta, Founder and CEO of Uni Card, has informed that on August 22, the service of the card will be stopped, but with this he has told that the facility of UNI Cash of the company will continue. There will be no obstruction in this. Let us tell you that many people use UNI Cash to pay their important bills. UNI Cash is a type of credit line access facility.
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