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Google To Ban All Unlicensed Loan Apps In This Country

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Google's latest policy requires online lenders from Kenya to provide proof of their license to operate Bank Apps within Kenya. 

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The East African country takes effect this morning.

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The goal of the policy is to crack on fraudulent loan applications that are prevalent across the country.

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It means there are only those that have been granted licenses by the country's top bank.

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The Central Bank of Kenya will be featured on the Play Store, Google's digital distribution service.

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Digital lenders whose applications have not yet been approved receive approval from the CBK.

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