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Fintech Loan apps are currently faced with more challenges as Google, the global search engine, which provides the digital infrastructure, tightens regulations by cutting off access to sensitive data including users’ contacts, photos and location.
By Ezeja Victor OPay, PalmPay, Kuda excluded in FG's aewly approved loan Apps to operate in Nigeria as new measure for digital lending raises hope of fair deal for Nigerians just As FG bars Illegal apps. In its quest to promote fair, transparent and alternative lending opportunities, the Federal Competition and Consumer Protection Council (FCCPC) OPay, PalmPay, Kuda excluded in FG's aewly approved loan Apps to operate in Nigeria as new measure for digital lending raises hope of fair deal for Nigerians just As FG bars Illegal apps.
The Federal Consumer and Competition Protection Commission has welcomed the policy by Google, to bar digital loan apps from accessing customer contacts and
The Nigerian government has announced that loan apps on the Play Store will no longer be able to access their users' contacts
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023, the Federal Government has said.