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Lending Platforms
Launch digital lending, micro-credit, or buy-now-pay-later (BNPL) services. We help you secure DCP licenses and adhere to consumer protection laws.
Regulatory Challenges
- Shifting licensing requirements for digital credit providers (e.g., CBK regulations)
- Strict interest rate and fees capping controls
- Prohibitions on invasive data collection for credit scoring
- Strict fair debt collection and consumer privacy rules
How TechLaw Africa Helps
- ✓DCP license preparation and central bank filings
- ✓Structuring data privacy policies for credit assessment tools
- ✓Drafting consumer loan agreements and fair disclosure policies
- ✓Creating compliance checklists for automated debt collection workflows
Q&A
Frequently Asked Questions
Q: What data are digital lenders permitted to collect from user phones?
Under modern data protection laws (e.g., Kenya's ODPC guidelines), digital lenders cannot collect phone contacts, call logs, or private pictures for credit scoring or debt collection. Data collection must be proportional, consented, and explicitly justified.
Launch Your Platform Compliantly
Get a tailored analysis of the licensing requirements and timelines for your launch markets.