Google removed 3,500+ loan apps from Play Store!

Chennai: Last year, Google removed more than 3,500 loan apps from Play Store in India. These apps have been removed from the Google Play Store for violating the rules. In 2021, it introduced policies for financial services-based apps in India. Google regularly updates these policies from time to time.

Apps that offer loans to users through mobile phone apps must be licensed by RBI from 2021. It is also Google’s policy to submit a copy of that license. Otherwise, licensed lenders must ensure that their app is only a platform. Google has implemented this kind of policy all over the world.

Google Play Store is often used by Android phone users to download apps on their phones. This site is working reliably for android users.

As a result, Google will identify and remove apps from the Play Store that may compromise user security. Google has taken similar steps in the past. In addition to this, Google is also implementing user protection measures. That’s how over 3,500 loan processors were removed last year alone.