Why Simpl is Banned by RBI? | What if You Don’t Pay Simpl Bill? | RBI Rules for BNPL Explained

Is your Simpl Pay Later not working? ❌
Many users are reporting that Simpl is not working after the recent RBI action. In this video, we explain why Simpl Pay Later has been affected, the reason behind RBI’s ban on Simpl, and what it means for your outstanding bills.

👉 Key Points Covered:

Why Simpl Pay Later is not working

RBI’s rules for BNPL companies in India

What happens if you don’t pay your Simpl bill

Does Simpl report to CIBIL?

Difference between Simpl and other BNPL apps like LazyPay

If you are a Simpl user, this video will help you understand everything about the recent changes and RBI guidelines.

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Disclaimer: Paise Ki Baat is not a SEBI-registered financial advisor or IRDA-licensed insurance advisor. Content is for education only, not financial/insurance advice. Please consult certified experts before any decisions. Investments & insurance are subject to risks.

Видео Why Simpl is Banned by RBI? | What if You Don’t Pay Simpl Bill? | RBI Rules for BNPL Explained канала Paise Ki Baat