Sci & TechThe firms, under the aegis of the Digital Lenders Kenya Association, have in the past expressed their willingness to be regulated. NAIROBI, KENYA: Digital lenders association has put two loan app operators on notice over uncomfortable ways of reaching out to borrowers to pay back credit. Some critics have argued that Njoroge’s hard-stance against the digital credit providers is anti-innovation, claiming that innovation always comes before regulation. However, Njoroge has been adamant that the continued existence of digital lenders poses a major risk to the country’s financial system. The firms, under the aegis of the Digital Lenders Kenya Association, have in the past expressed their willingness to be regulated.

Source: Standard Digital June 08, 2020 14:37 UTC