Shaibu Haruna calls for stronger consumer protection to back Africa’s fast-growing digital lending
Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, has called for stronger consumer protection frameworks to underpin Africa’s fast-growing digital lending ecosystem. He warned…
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The useful update
- Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, has called for stronger consumer protection frameworks to underpin Africa’s fast-growing digital lending ecosystem
- Shaibu Haruna calls for stronger consumer protection to back Africa’s fast-growing digital lending
The stakes
- But we must ask ourselves—did the borrower understand the interest rates, the penalties, and the terms?
- The practical value is the source trail: MyJoyOnline (GH) is the place to check before acting on prices, dates, availability, or local implications
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Original report Shaibu Haruna calls for stronger consumer protection to back Africa’s fast-growing digital lending
Publisher: MyJoyOnline (GH) · Published May 13, 6:16 am · myjoyonline.com
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The short version
Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, has called for stronger consumer protection frameworks to underpin Africa’s fast-growing digital lending ecosystem. He warned…
He warned that financial inclusion without safeguards could do more harm than good
What happened
- Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, has called for stronger consumer protection frameworks to underpin Africa’s fast-growing digital lending ecosystem
- Shaibu Haruna calls for stronger consumer protection to back Africa’s fast-growing digital lending
- He warned that financial inclusion without safeguards could do more harm than good
- Delivering a keynote address on responsible digital lending and consumer protection at the opening of the 3i Africa Summit in Accra, Mr Haruna stressed that the speed of digital credit must be matched with transparency, accountability, and trust
- “In the time it takes to complete a sentence, a digital lender in Accra, Kampala, or Dar es Salaam can approve thousands of loans
Why this matters
- But we must ask ourselves—did the borrower understand the interest rates, the penalties, and the terms?
- The practical value is the source trail: MyJoyOnline (GH) is the place to check before acting on prices, dates, availability, or local implications
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Original articleShaibu Haruna calls for stronger consumer protection to back Africa’s fast-growing digital lending - MyJoyOnline
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Image from MyJoyOnline via the original article.
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