SCIENCE & TECHNOLOGY

Google will block unlicensed lending apps, Says SECP

2023-03-01
Google will block unlicensed lending apps, Says SECP

According to a senior SECP official, Google has agreed to remove non-licensed digital lending apps from the Pakistani Play Store.


Khalida Habib, the executive director of SECP, said during a workshop on Tuesday that the commission has released guidelines to address issues with data breaches and coercive recovery techniques of registered digital lending companies.


She continued by saying that the dominant search engine has consented to block all illegal digital lending apps from Pakistan's Google Play, commonly known as the Google Play Store, even though the majority of these apps are run from abroad.



The SECP and the State Bank were consulting on the matter, and after that, Ms. Habib stated, the list to delete the apps will be finalised.