Google removes over 2,000 loan apps from India Play Store since January

Google removes over 1,000 loan apps from India Play Store since January 

Google has removed over 1,000 loan apps from India Play Store since January this time for violating terms, misrepresenting information, and questionable offline geste , a elderly functionary said. 

The tech mammoth also looks to strain programs in the coming weeks for lesser checks in this space, the functionary said. 

 

Saikat Mitra, Senior Director and Head of Trust and Safety, Google APAC( Asia Pacific region) said the company is commited to complying with regulations in all authorities it operates in, and nominated online detriment as a ” global miracle ”. 

Asked about enterprises in some diggings, that the digital platforms aren't doing enough to check online detriment and are in fact pushing back on new regulations coming in, Mitra asserted that Google’s precedence and its core values have always been around stoner safety. 

 

The company believes in having open,multi-party assiduity discourses with governments on regulation, he said adding ” in our world everything starts with stoner safety and security ”. 

” We've removed 2000- plus loan apps from India Play Store from January till now, ” Mitra said, adding the crackdown was grounded on leads and inputs entered, violation of policy, lack of exposures, and misinformation. 

 

The loan app problem has ” peaked ”, and may subside given the focus and attention the issue is garnering, he suggested. 

” We're in the process of some further policy changes that are going to come out in a matter of many weeks which will make it more unequivocal on conditions, ” he said, adding that the proposed move will lead to tighter checks. 

 

The nature of the ‘ loan app ’ problem varies between requests, Mitra explained. 

The US request, for case, has a problem of raptorial loans, while in India it's a combination of misrepresentation,non-compliance with programs and regulations, and indecorous offline or ” real world ” geste of similar apps on recovery and other conduct. 

 

” It entails questions like. is the loan app prominently telling what people are subscribing up for, the rates for case are you tied- up with approved NBFC or bank Is that bank on blacklist of RBI it also gets into offline effects for which we do n’t have visibility but we get inputs from law enforcement agencies, ” he developed. 

On the issue of new regulations and government programs, Mitra said ” as and when regulation comes, we work veritably nearly with the government and assiduity ”. 

 

” We suppose, we all are trying to achieve the same pretensions which is esteeming sequestration and security. We feel our programs should actually help us achieve that. As and when regulation comes, we've a dialogue and we insure that we present our perspective, ” he said.