Islamabad: Pursuant to Google’s updated policy for digital lending apps from Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has published Whitelist of Digital Lending Applications on its website.

The Whitelist will serve as reference point for Google to validate regulator’s approved apps before listing them on Play Store with effect from May 31, 2023. The list will be updated as and when an app gets approved or rejected by SECP.

The Whitelist contains the names of approved apps owned by licensed Non-Banking Financial Companies (NBFCs), as well as the apps of licensed NBFCs which were operating as on December 27, 2022 and have applied for approval. Cyber security certification from a PTA approved firm, certifying that the apps don’t get access to customers personal data.

Circular 15 mandates compliance with digital lending standards, inter-alia the placement of adequate cybersecurity measures and controls to ensure confidentiality, integrity and the restriction from accessing borrowers’ phone books or photo galleries.

SECP encourages all NBFCs engaged in digital lending activities to comply with the updated requirements specified in Circular 15 and submit requisite documentation for app approval at earliest to avoid any inconvenience. Potential borrowers are also encouraged to verify the app status from SECP’s Whitelist before taking any exposure with the any digital lending app.

SECP remains committed to promoting a secure and transparent digital lending ecosystem in Pakistan. The Whitelist can be accessed at