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In August, G gle announced a worldwide crackdown on Android apps offering short-term loans, saying it wished to protect customers from exactly what it called вЂњdeceptive and exploitativeвЂќ terms.
But five months later on, payday -style applications providing money that is fast one or fourteen days continue to be simple to find in numerous nations on Bing Enjoy, the companyвЂ™s marketplace for Android os apps. Some fee rates of interest that may go beyond 200% annualized.
Lending apps are specially popular in developing countries such as for instance Nigeria, Asia and Kenya, where thousands of people donвЂ™t have actually bank reports or charge cards but do have mobile phones. Continue reading “G gle Ban Does Not Stamp Out Short-Term Payday Lending Apps”