Google has removed hundreds of personal loan apps in India from the Play Store for violating user security policies. According to Google, they have reviewed hundreds of personal loan applications in India, based on metrics submitted by users and government agencies. However, Google did not specify the number of apps that had been removed.
The company in a January 14 blog post said the move was based on flags submitted by users and government agencies.
Google said apps that violated company user security policies were immediately removed from the Store, and developers from others were asked to identify apps to demonstrate that they comply with applicable local laws and regulations. . applications that do not will be deleted without notice, Google said. Additionally, Google has said it will continue to help law enforcement investigate the issue.
Google has once again reiterated that providing a safe and secure experience through Google’s products is its top priority. Google said its comprehensive product policies were designed and implemented with this in mind, and that they are always striving to improve their practices to enhance user safety.
Google took the step following reports that several companies were targeting vulnerable borrowers in the country and then went to great lengths to get their money back.
A 28-year-old man from Telangana lost his job during lockdown. He took out a loan and fell into the debt trap. To repay, he took out loans from different apps offering quick loans. Soon the recovery agents were after him, texting and calling everyone on his call list. Humiliated, he committed suicide last December.
A woman from Indore, who took out a 20,000 rupee loan from an app, was harassed for missing an IME by one day. “They started sharing my photos, calling me a scammer. They threatened me and said they would notify the police and send debt collectors to my house. They harassed people on my contact list. “
Cyberabad and Hyderabad Police arrested 19 people from Hyderabad and Gurgaon as part of the nationwide scam of an instant money lending app in December 2020.