Tag: loan apps

Crackdown on loan apps: When Google Play slashed count from 4000 listings to just 200
1Dec By adminNo Comments
Technology

Crackdown on loan apps: When Google Play slashed count from 4000 listings to just 200

[ad_1] In a recent interview, Saikat Mitra, Vice President and Head of Trust and Safety for Asia-Pacific at Google, shed light on the challenges faced in addressing the issue of fraudulent loan apps on the Google Play Store. Mitra explained that the delay in addressing these concerns stemmed from the fact that the apps, while not containing malware or harmful content, exhibited problematic business practices in the real world. When developers submit apps for listing on the Play Store, Google scrutinises them extensively, considering factors like code integrity and content safety.Mitra in an interview with Indianexpress.com emphasised that the company's commitment to investing significantly in ensuring app security against malware and data theft. Google's Collaboration With Regulatory Au...
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120 illegal personal loan apps removed from Google, Apple stores in Pakistan
19Aug By adminNo Comments
Technology

120 illegal personal loan apps removed from Google, Apple stores in Pakistan

[ad_1] A total of 120 illegal personal loan apps have been removed from Google and Apple stores in Pakistan to protect the public from falling into debt traps, Dawn newspaper reported. Dawn is a Pakistani English-language newspaper.The measure was taken by the Securities and Exchange Commission of Pakistan (SECP), in collaboration with Google, Apple, and the Pakistan Telecommunication Authority (PTA), in view of the recent proliferation of illegal personal loan apps, raising concerns of misuse, data privacy violations and coercive recovery practices. As per the SECP, it has not only strengthened its regulatory framework for licensed Non-Banking Finance Companies (NBFCs) but has also taken effective measures in coordination with relevant authorities to shut down unauthorised and illegal ...
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Google took action against over 3,500 loan apps in India for violating norms in 2022
28Apr By adminNo Comments
Technology

Google took action against over 3,500 loan apps in India for violating norms in 2022

[ad_1] Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday.Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 173,000 bad accounts preventing over USD 2 billion in fraudulent and abusive transactions in 2022. "In India, in 2022, we have reviewed and taken necessary enforcement action, including removal of apps, on more than 3,500 personal loan apps for violations of the Play policy requirements. We continue to uplevel our efforts in this area by regularly updating our policies and review processes," Google said. The company announced that it will adopt a more privacy-friendly approach to advertising in 2023.Google will roll out the fir...
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India Bans 200-Plus Chinese Mobile Apps in Boon for Paytm
8Feb By adminNo Comments
Technology

India Bans 200-Plus Chinese Mobile Apps in Boon for Paytm

[ad_1] India has issued orders to block a further 232 apps and websites, most of which were linked to China, in a sign that relations remain fraught between Asia's two largest countries years after a deadly border skirmish. The federal tech ministry has given orders to remove 138 betting and gambling apps, and 94 credit services, a person familiar with the matter said. The order originated from the interior ministry, which oversees domestic affairs such as national security, the person said, asking not to be identified as the orders haven't been made public. The blocked apps, which include several of Indian origin, were suspected of transferring data to China, the person said. Indian digital payments leader Paytm soared its most on record on Tuesday on the news, which was first re...
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Chinese loan apps: ED freezes fresh ₹9.82 cr worth funds; check list of names
29Sep By adminNo Comments
Technology

Chinese loan apps: ED freezes fresh ₹9.82 cr worth funds; check list of names

[ad_1] The ED has frozen ₹9.82 crore worth funds kept in merchant IDs with certain online payment gateways The ED has frozen ₹9.82 crore worth funds kept in merchant IDs with certain online payment gateways as part of an ongoing money laundering investigation against a "Chinese-controlled" investment token app.This is the second time that the ED has frozen funds kept in merchant IDs with certain online payment gateways. "Various Chinese-controlled entities like Comein Network Technology Private Limited and others, in service agreements with various NBFCs (non banking financial companies) were also operating multiple suspicious loan/other apps such as Cashhome, Cashmart, Easyloan etc. and they indulge in receiving funds from...
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After Andhra Couple’s Suicide, Chief Minister Orders Action Against Loans Apps
9Sep By adminNo Comments
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After Andhra Couple’s Suicide, Chief Minister Orders Action Against Loans Apps

[ad_1] Rs 5 lakhfinancial aid has been ordered for each of the children of the victim. (Representational)Rajahmundry: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has directed officials to take stringent action against online money-lending apps for harassment and blackmailing users.This comes after a couple from Rajahmundry in the East Godavari district died by suicide on Wednesday due to harassment by the agents of a loan app.Chief Minister Reddy directed East Godavari district Collector Madhavi Latha to hand over financial assistance of Rs 5 lakh each to the children of the victim."Andhra Pradesh Chief Minister YS Jagan Mohan Reddy directed officials to take stringent action against online money lending apps for the harassment and blackmailing at the hands of online money lending...
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