Bing ban doesn’t stamp down short-term payday lending apps

Bing ban doesn’t stamp down short-term payday lending apps

  • Lending apps are specially popular in developing countries such as for instance Nigeria, Asia and Kenya
  • The epicenter is Kenya, where an explosion in mobile financing and small federal government oversight has made Bing the arbiter of which apps customers can choose

In August, Bing announced a international crackdown on Android apps offering short-term loans, saying it wished to protect customers from exactly exactly exactly what it called “deceptive and exploitative” terms.

But five months later on, payday-style applications providing money that is fast one or fourteen days will always be simple to find in a lot of nations on Bing Enjoy, the company’s marketplace for Android os apps. […]

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