India Bans 200-Plus Chinese Mobile Apps in Boon for Paytm
India has issued orders to block a further 232 apps and websites, most of which were linked to China, in a sign that relations remain fraught between Asia's two largest countries years after a deadly border skirmish.
The federal tech ministry has given orders to remove 138 betting and gambling apps, and 94 credit services, a person familiar with the matter said. The order originated from the interior ministry, which oversees domestic affairs such as national security, the person said, asking not to be identified as the orders haven't been made public. The blocked apps, which include several of Indian origin, were suspected of transferring data to China, the person said.
Indian digital payments leader Paytm soared its most on record on Tuesday on the news, which was first reported by local media including the Economic Times. The lending apps to be banned included its rivals such as Naspers Ltd.-backed PayU's LazyPay, the newspaper reported, citing anonymous sources.
Shares of Paytm parent One 97 Communications Ltd., which is backed by Ant Group Co., soared as much as 20% in early trade. On Monday, the Economic Times reported the government had blocked scores of lending apps and other services linked to China. The news that emerged just days after Paytm reported narrower losses.
“Due to unavoidable circumstances our website and app are currently unavailable via a few internet service providers. Please be assured that we are doing everything to resolve the issue,” PayU said in an emailed statement, referring to LazyPay and declining to elaborate. PayU's South African backer Naspers is also known for being the largest shareholder of Chinese gaming giant Tencent Holdings Ltd.
India's tech ministry didn't respond to a
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