GOOGLE, a popular California-based technology company, has reportedly announced that it has taken action against approximately 3,500 loan apps for violating Play Store policies. Previously, it was speculated that the tech giant would restrict personal loan providers' access to the user's sensitive information, including media files.
The company also revealed that it has already stopped 1.43 million policies-violating apps from being published and that Google Play has banned 173,000 bad accounts, preventing over USD 2 billion in fraudulent and abusive transactions in 2022.
"In India, we reviewed and took necessary enforcement action, including app removal, on more than 3,500 personal loan apps in 2022 for violations of the Play policy requirements. We continue to raise the bar in this area by regularly updating our policies and review processes," Google wrote in a blog post.
It's interesting to note that the company updated the Play Store developer guidelines in 2021, specifically for financial service applications that now include standards for personal loan apps in India. By September 2021, shortly after the revision, the policy went into effect. It included the submission of paperwork, checking to see if they had an RBI loan licence, and submitting the licence. Additionally, through the declaration, the names of the developers and accounts must be matched with the related registered business.
Meanwhile, the company has removed over 36 applications from the Android Google Play Store after McAfee discovered them. However, some of the harmful applications were updated, and others were declared to be capable of carrying out actions that do not even require the device owner's input.
READ: 'Teen Patti, Rummy': Govt Bans 138 Betting And Loan Apps With Chinese Links; Complete List
Google has banned the following applications due to security concerns: Snake Ball Lover, Swipe Brick Breaker 2, UBhind: Mobile Tracker Manager, Bounce Brick Breaker, Infinite Slice, Compass 9: Smart Compass, and others. The listed apps have been removed from the Play Store, and it is recommended that you delete them due to security concerns.
Google Bans Over 3,500 Loan Apps In 2022 Over Policy Violation: Report - Jagran English
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