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African payday lenders face distribution problems if Google acts

Access to credit in Africa is difficult because banks consider retail loans risky. But payday lenders are filling this gap, promising instant loans with no collateral. While they provide credit, they have high interest rates and repayment periods can force customers into a debt cycle. In response to these concerns, Google updated its policies. Introduced The post African payday lenders face distribution problems if Google acts appeared first on TechCabal.
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Added January 23, 2020
from Tech Cabal