Google imposes new rules on personal loan apps in India

Google’s new policy will affect apps that offer loans directly, lead generators, and those who connect consumers with third-party lenders. Loan apps have to complete Google’s Personal Loan App Declaration for India and submit the necessary documentation. Google tightened its personal loans policy for apps on Play Store last month.

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Kenya’s Chumz is helping users save and invest from their mobile money accounts

June 1, 2023

Kenyan startup Chumz has built a goal-based mobile app that helps users save and invest money from their mobile money accounts, with as little as US$0.05. The platform works by channeling funds collected from a user’s mobile money account to a licensed fund manager, who then offers a return to the fund. Earned interest is then redistributed to individual clients. One of the unique features of Chumz is that it encourages users to save based on their behaviour.

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STT GDC invests Rs 2,000 Cr ($244M) in Pune data centers, boosting India’s digital infrastructure

June 1, 2023

STT Global Data Centres’ India division, has recently unveiled its ambitious proposal to invest around Rs 2,000 crore (US$244 million) in the establishment of two state-of-the-art data centers at its current campus located in the Dighi area of Pune. The upcoming data centers will be constructed adjacent to the company’s operational data centers in Pune on a 5.4-acre property.

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