The Federal Government has approved 173 digital lending applications to operate in the country.
The FG, through the Federal Competition and Consumer Protection Commission gave full approvals to 119 applications and conditional approvals to 54 others.
Some of the approved loan apps listed by the commission include Branch International Financial Services Limited, Fairmoney Micro Finance Bank, Pivo Technology Limited, Renmoney Microfinance Bank Limited, Carbon Microfinance Bank Limited, Creditwave Finance Limited amongst others.
This approval means loan apps without FCCPC’s approval will be removed from Play Store by Google and unavailable for download.
