{"id":167529,"date":"2021-01-14T11:57:02","date_gmt":"2021-01-14T11:57:02","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=306651"},"modified":"2021-01-14T11:57:02","modified_gmt":"2021-01-14T11:57:02","slug":"google-culls-india-lending-apps","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/14\/google-culls-india-lending-apps\/","title":{"rendered":"Google culls India lending apps"},"content":{"rendered":"

<\/p>\n

\tGoogle removed a number of personal loan apps in India from its Play Store, a move designed to protect users from using deceptive financial products and services.<\/p>\n

In a blog, Suzanne Frey, Google VP product, Android security and privacy, said the company had reviewed “hundreds\u201d of personal loan apps in India, based on concerns raised by users and government agencies, and removed those which violated user safety policies.<\/p>\n

\u201cWe have asked the developers of the remaining identified apps to demonstrate that they comply with applicable local laws and regulations,\u201d said Frey. \u201cApps that fail to do so will be removed without further notice.\u201d<\/p>\n

Google added it would continue to assist investigations by law enforcement agencies.<\/p>\n

Its move comes after the country\u2019s central bank established a task force to look into digital lending practices, with the aim of identifying risks posed by unregulated services and products.<\/p>\n

Transparency
\nFrey explained the Google Play developer policy requires financial services apps which offer personal loans to disclose key information including repayment periods, maximum annual percentage rate and a representative example of the total loan cost.<\/p>\n

\u201cWe believe transparency of information around the features, fees, risks, and benefits of personal will help people make informed decisions about their financial needs, thereby reducing the risk of being exposed to deceptive financial products and services,\u201d added Frey.<\/p>\n\n

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Google removed a number of personal loan apps in India from its Play Store, a …<\/p>\n

The post Google culls India lending apps<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Google culls India lending apps - ITTeacherITFreelance.hk","description":"Google removed a number of personal loan apps in India from its Play Store, a ... The post Google culls India lending apps appeared first on Mobile World Live ."},"footnotes":""},"categories":[12,8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/167529"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=167529"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/167529\/revisions"}],"predecessor-version":[{"id":167530,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/167529\/revisions\/167530"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=167529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=167529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=167529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}