Tag: digital lenders
Loan Apps delisted by Google and Nigerian regulator, lessons for Ghana
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) is taking some serious action to protect customers from loan application bullies. Techpoint reports that the regulator...
Illegal Loan Apps: 420 suspected operators arrested
A swoop by the Cyber Security Authority, in partnership with the Bank of Ghana and the Economic and Organized Crime Office (EOCO), has led...
BoG cautions public against 97 illegal loan Apps
The Bank of Ghana (BoG) is cautioning the public against patronizing the services of some 97 illegal mobile apps mainly on Google Play Store...
DatesCash App imposes loan on user, demands 80% interest in two...
A personal quick loan app called DatesCash on both Google Play and Apple stores is in the practice of imposing loans on app users...
Google bans personal loan apps from accessing user contacts
Google is banning Android apps offering personal loans from accessing users’ sensitive data, such as photos and contacts.From the end of May, Google Play...
Kenya licenses more digital lenders
The Central Bank of Kenya (CBK) has officially licensed an additional 10 digital lenders to operate in the country, bringing the total number of...
Digital lenders in Kenya to be audited
The Kenyan government has taken its crackdown on the rampant data abuse in the digital lending space to another level by commissioning an audit...
Kenya gives digital lenders ultimatum
The Central Bank of Kenya (CBK) has given all digital lenders up to Saturday, September 17 to apply for operational licences or risk being...
Digital lenders in Kenya face 20% tax
The Kenyan government has announced plans to introduce a 20% excise tax on fees charged by digital lenders.Earlier this week, Kenyan legislators proposed an amendment to...