Google has removed hundreds of loan apps from its Play Store in Kenya since the implementation of its new policy requiring digital lenders in the East African country to present proof of license, which went into effect in January.
The policy came into force last year under Kenya’s Digital Credit Providers (DCP) regulations, which required entities providing loans digitally to obtain a license to operate from the Central Bank of Kenya, reports TechCrunch.
While it is not clear how many loan apps were blacklisted, the report said that earlier around 500 apps in the finance category on the Play Store were removed.
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