Google Removes Hundreds of Bogus Personal Loan Apps to Protect Consumers in India | Personal finance news
New Delhi: Google said Thursday it has reviewed hundreds of personal loan apps in India and has removed several that violate its app policies.
Google said apps that violate its user safety policies were immediately removed from the Store. Google has asked the developers of the remaining identified applications to demonstrate that they comply with applicable local laws and regulations. Apps that don’t will be removed without notice, Google said.
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“We have reviewed hundreds of personal loan applications in India, based on metrics submitted by users and government agencies. Apps that violate our user security policies were immediately removed from the Store, and we asked developers of other apps to demonstrate that they comply with applicable local laws and regulations. Apps that do not will be removed without notice. Additionally, we will continue to assist law enforcement agencies in their investigation of this issue, ”said Suzanne Frey, Vice President, Product, Android Security and Privacy.
Google has stated that to further ensure that users make smart choices, we only allow personal loan applications that are required to be fully repaid within 60 days or more from the date of issuance of the loan. ready.
“We believe that transparency of information about the features, fees, risks and benefits of personal loans will help people make informed decisions about their financial needs, thereby reducing the risk of exposure to financial products and services. deceptive, ”Frey wrote.
To protect user privacy, developers should only request permissions that are necessary to implement current features or services. They should not use permissions that grant access to user or device data for any undisclosed, unenforced, or prohibited purpose, Google said.
Google Play users expect a safe, secure, and seamless experience, and developers come to Play for powerful tools and services that help them grow and grow their business. Our policies help us meet those expectations, and we continue to work hard to make sure Google Play is a platform that supports the entire ecosystem, Frey wrote.