Google has banned over 2000 harmful personal loan apps from Play Store in India this year.

Google says it has pulled more than 2,000 personal loan apps from India’s Play Store and is working on some policy changes at a time when the local central bank is cracking down on predatory practices. Is.
Google Asia Pacific senior director and head of trust and security Saket Mitra said at an event in New Delhi on Thursday that the apps in question were targeting Indian users and that they had blocked the apps after consulting with local law enforcement agencies. was removed. .
In a few weeks, Mater said, the company plans to make some changes to its policy to create broader protections against such apps.
Google and dozens of other firms have waged a war in India to crack down on predatory lending apps, which in some cases charge consumers exorbitant fees and push ethical boundaries in their collection efforts. . Local authorities have reported that some firms are also using the business of lending to Chinese companies to launder money.
The Android company had introduced hundreds of personal loan apps in India earlier last year, and the loan apps had to give users at least 60 days for repayment.
The Reserve Bank of India has taken several steps in recent quarters to curb bad behavior by lending firms and fintech startups. In guidance published earlier this month, the central bank sought to limit lenders’ access to customer data and disclose more interest charged to them.

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