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Despite Google ban, many payday lending apps providing short-term loans
short by Anushka Dixit / on Sunday, 26 January, 2020
Five months ago, Google had announced a global ban of Android apps that gave short term loans to users, however, such applications are still being used in countries like Kenya, India and Nigeria. The apps are offering 61-day loans at an annualised interest rate of over 200%. Google had banned the apps to protect customers from "deceptive and exploitative" terms.