In a major blow to fraudulent loan apps operating in India, Google has removed them from its Playstore for violating safety policies.
The tech giant had removed the bogus loan apps after several of their users and government agencies flagged the issue of safety violations.
Google India has now asked the remaining loan apps to prove their compliance with the required safety net and privacy policies, failing which they stand a fair chance to get removed from its Playstore
Google India in a blog post made it quite clear that its priority has always to provide a safe and secure experience across its (Google) products.
“Providing a safe and secure experience across Google’s products is our top priority. Our global product policies are designed and implemented with this goal in mind, and we’re always working to improve our practices to enhance user safety,” said Suzanne Frey, Vice President, Product, Android Security and Privacy of Google.
Reserve Bank of India on Wednesday had announced that a working group will be constituted for the purpose of suggesting regulatory measures to promote orderly growth of digital lending amid the spurt in fraudulent online lending cases.