-: FOLLOW US :- @theinsaneapp
Google's latest policy requires online lenders from Kenya to provide proof of their license to operate Bank Apps within Kenya.
-: FOLLOW US :- @theinsaneapp
The East African country takes effect this morning.
-: FOLLOW US :- @theinsaneapp
The goal of the policy is to crack on fraudulent loan applications that are prevalent across the country.
-: FOLLOW US :- @theinsaneapp
It means there are only those that have been granted licenses by the country's top bank.
-: FOLLOW US :- @theinsaneapp
The Central Bank of Kenya will be featured on the Play Store, Google's digital distribution service.
-: FOLLOW US :- @theinsaneapp
Digital lenders whose applications have not yet been approved receive approval from the CBK.