Friday, 24 March, 2023

Google Clamps Down On Illegal Loan Apps In Kenya, Nigeria

<p>Loan applications in Kenya are being asked by Google to provide documentation of their business licences before they can continue to be distributed digitally through Play Store. Those who can show proof that they have applied for licensure with the Central Bank of Kenya may also be exempt. Google&#39;s response, on the other hand, has been slow, arriving two months after the Digital Credit Providers Regulations went into force to safeguard borrowers from rogue applications.</p>