Google kills over 2,000 personal loan apps from India’s Play Store



(Photo: KIRILL KUDRYAVTSEV/AFP via Getty Images) A ​​photo taken on November 8, 2021 in Moscow shows the logo of American multinational internet technology and services company Google on the screen of a smartphone. – A Moscow court on Nov. 8 ordered new fines on U.S. tech giant Google and Russia-based encrypted messaging service Telegram, accusing the companies of failing to remove illegal content. Russia has imposed fines on the world’s biggest tech companies in recent months, with authorities accusing them of failing to properly moderate their content and interfering in the country’s affairs.



Google announces €1 billion investment in Germany, including renewables
(Photo: Sean Gallup/Getty Images) BERLIN, GERMANY – AUGUST 31: A Google company logo hangs in the offices of Google Germany on August 31, 2021 in Berlin, Germany. Google has announced that it will invest €1 billion in various projects in Germany, with the bulk of the money going towards 23 wind and solar power projects to be operational by 2030. The effort aims to provide electricity from renewable sources to Google’s German data centers. .

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(Photo: KIRILL KUDRYAVTSEV/AFP via Getty Images)
A photo taken on November 8, 2021 in Moscow shows the logo of U.S. multinational internet technology and services company Google on a smartphone screen. – A Moscow court on Nov. 8 ordered new fines on U.S. tech giant Google and Russia-based encrypted messaging service Telegram, accusing the companies of failing to remove illegal content. Russia has imposed fines on the world’s biggest tech companies in recent months, with authorities accusing them of failing to properly moderate their content and interfering in the country’s affairs.

At a time when the local central bank is aggressively cracking down on exploitative tactics, Google says it has removed more than 2,000 personal loan apps from its Play Store in India and is working to change its policy, according to a TechCrunch report.

The removed apps were targeted at Indian consumers, according to Saikat Mitra, senior director and head of trust and safety at Google Asia-Pacific. They said so at an event in New Delhi on Thursday, August 25.

“A large portion of Play Store lending apps have been removed…I would say over 50% of them (were in violation of Google policies),” Mitra said in a statement.

Read also: Android users should remove these popular apps now as they face malware risks

Predatory loan applications

The tech giant had to remove the apps after speaking with local law enforcement. According to Mitra, the company intends to make some policy changes in the coming weeks to create greater safeguards against such apps.

Google and several other companies are rushing to take action against predatory lending apps in India that have proven successful in some cases where the apps charge customers exorbitant fees and go beyond acceptable limits in their collection operations .

TechCrunch noted that local officials claimed some companies were also using the loan apps to launder money for Chinese companies.

Last year, the creator of Android banned hundreds of personal loan applications in India and required loan apps to give users at least 60 days to repay their loans.

In recent months, the Reserve Bank of India has also taken a number of steps to end inappropriate behavior by lending companies and fintech startups.

Additionally, India’s central bank has attempted to limit loan companies’ access to customer data and increase transparency about the interest rates they charge in a directive announced earlier this month.

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(Photo: Sean Gallup/Getty Images)
BERLIN, GERMANY – AUGUST 31: A Google company logo hangs in the offices of Google Germany on August 31, 2021 in Berlin, Germany. Google has announced that it will invest €1 billion in various projects in Germany, with the bulk of the money going towards 23 wind and solar power projects to be operational by 2030. The effort aims to provide electricity from renewable sources to Google’s German data centers. .

Also read: “List of app permissions” no longer shows on Google Play Store on web and mobile app

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Written by Joaquin Victor Tacla

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