{"id":48123,"date":"2024-09-11T11:52:48","date_gmt":"2024-09-11T06:52:48","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=48123"},"modified":"2024-09-11T11:52:48","modified_gmt":"2024-09-11T06:52:48","slug":"secp-shares-whitelist-of-approved-lending-apps-in-pakistan","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/secp-shares-whitelist-of-approved-lending-apps-in-pakistan\/","title":{"rendered":"SECP shares whitelist of approved lending apps in Pakistan"},"content":{"rendered":"<p>ISLAMABAD: The <a href=\"https:\/\/dailyausaf.com\/en\/business\/latest-currency-exchange-rates-in-pakistan-today-september-11-2024\/\">Securities and Exchange Commission of Pakistan (SECP)<\/a> has released a list of approved digital lending apps, cautioning borrowers about the risks of high interest rates and over-indebtedness.<\/p>\n<p>The SECP warns that digital nano loans are short-term loans with high interest rates and additional charges, emphasizing the importance of responsible borrowing.<\/p>\n<p>As of September 2024, nine &#8220;<a href=\"https:\/\/dailyausaf.com\/en\/business\/united-motorcycles-unveils-70cc-bike-with-26-new-features-details-inside\/\">Nano Lending Apps<\/a>&#8221; and seven other lending apps have been whitelisted by SECP.<\/p>\n<h2><a href=\"https:\/\/dailyausaf.com\/en\/business\/pkr-gains-14-paise-against-usd-in-interbank-market\/\">Whitelisted Nano Lending Apps<\/a><\/h2>\n<ul>\n<li>JingleCred Digital Financial Services Limited (Paisayaar).<\/li>\n<li>Sight Finance Services (Pvt) Limited (Aitemaad).<\/li>\n<li>Walee Financial Services (Pvt) Limited (Hakeem).<\/li>\n<li>Pakisnova Microfinance Company (Pvt) Limited (Fauri Cash).<\/li>\n<li>Goldlion Financial Private Limited (SmartQarza).<\/li>\n<li>JazzCash Private Limited (JazzCash Android JazzCash IOS (Digital Lending Tool).<\/li>\n<li>Zanda Financials (Pvt) Limited (Money Tap).<\/li>\n<li>VisionCred Financial Services (Pvt) Limited (Pakcredit).<\/li>\n<li>Finleap Financial Services (Private) Limited (Daira).<\/li>\n<\/ul>\n<p>Borrowers are advised to carefully read terms and conditions, understand the potential risks, and only take loans that can be comfortably repaid within the agreed timeframe to avoid financial difficulties.<\/p>\n<h2><a href=\"https:\/\/dailyausaf.com\/en\/technology\/this-list-of-apps-can-steal-your-data\/\">Other Approved Lending Apps<\/a><\/h2>\n<ul>\n<li>Abhi Private LTD (Earned Wage Access)-Google Play: Abhi \u2013 Your Salary Now! Apple App Store: Abhi \u2013 Your Salary Now!.<\/li>\n<li>Tez Financial Services Limited (Buy Now Pay Later)-Google Play \u2013 ZoodPay &amp; ZoodMall\u00a0Apple App Store \u2013 ZoodPay &amp; ZoodMall.<\/li>\n<li>Cashew Financial Services Limited (B2B Financing) (Muawin).<\/li>\n<li>QistBazaar Pvt Limited (Buy Now Pay Later) (QistBazaar).<\/li>\n<li>CreditBook Financial Services Limited (B2B Financing) (Tijara).<\/li>\n<li>Edufi Financial Services (Private Limited (Study Now Pay Later) (Edufi).<\/li>\n<li>Taleem Finance Company Limited (Education Finance) (Taleem Connect).<\/li>\n<\/ul>\n<p>The SECP prioritizes the financial well-being of the public and encourages caution when using digital lending services.<\/p>\n<p>By approving these apps, the SECP aims to promote transparency and accountability in the digital lending industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released a list of approved digital lending apps, cautioning borrowers about the risks of high interest rates and over-indebtedness. The SECP warns that digital nano loans are short-term loans with high interest rates and additional charges, emphasizing the importance of responsible borrowing. As of September [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":48128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21597,21596,18176,21598],"class_list":["post-48123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-digital-nano-loans","tag-nano-lending-apps","tag-securities-and-exchange-commission-of-pakistan-secp","tag-whitelist-nano-apps"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/48123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=48123"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/48123\/revisions"}],"predecessor-version":[{"id":48130,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/48123\/revisions\/48130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/48128"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=48123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=48123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=48123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}