Tech giant Google said that it had examined hundreds of personal loan applications in India reported by users and government agencies and immediately removed those that violated user security guidelines from Play Store removed.
Google has asked the developers of the remaining identified applications to demonstrate that they comply with applicable local laws and regulations. Otherwise those apps will be removed as well.
“Providing a secure experience for all Google products is a priority for us. Our general product guidelines have been developed and implemented with this in mind. We are constantly working to improve our practices to improve user safety.” Google said blog.
Google did not reveal the names of the removed apps.
“We reviewed hundreds of personal loan applications in India based on metrics submitted by users and government agencies. The applications that violated our user security policies were immediately removed from the store, and we were the developers of the remaining identified persons who have asked the apps to demonstrate that they comply with applicable local laws and regulations, ”the blog says.
Apps that don’t will be removed without notice. In addition, Google will continue to help law enforcement investigate this issue.
On Wednesday, the Reserve Bank of India (RBI) announced the creation of a task force to propose regulatory measures to encourage the orderly growth of digital lending amid the growing hassle of online lending.
The recent rise and popularity of online mobile lending platforms / apps has also been found to raise serious concerns that have broader systemic implications. Last month, the RBI warned the public not to fall victim to the growing number of unauthorized digital credit platforms and mobile apps.