Google removes 3500 loan apps in India for misleading users, violating Play Store guidelines

 Google has taken action against more than 3,500 loan apps in India during 2022 for breaking the rules of the Play Store, as per Play protect report.

In Short

• In 2021, Google updated its policy for financial services apps in India, including those offering personal loans.
• Google added more requirements for app developers offering personal loans as facilitators for non-banking financial companies (NBFCs) and banks.
• Google is regularly updating its policies and review processes to ensure that all apps in the Play Store comply with its rules.
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• By FactMania18 : There are too many apps on Google Play Store that promise to lend loans but not all of them are legitimate. And sometimes, using these apps without proper knowledge and verification can land users in trouble. In order to safeguard users from falling for such apps, Google has taken action against more than 3,500 loan apps in India during 2022 for breaking the rules of the Play Store, as per Play protect report.This means that Google has removed these apps from its app store.