There must have been a lot of smartphone personal loan apps. One issue is that mobile apps that provide loans breach people’s privacy while also charging them the amount they desire.
Google has also taken action in this area, blocking roughly 2,000 personal loan apps from its app store in India. All of these apps, according to the corporation, were against Google’s rules.
A significant remark regarding the company’s move was made by Saikat Mitra, Senior Director of Google Asia-Pacific. “I can say that more than half of such apps are no longer available on the Play Store,” the speaker claimed.
According to Saikat Mitra, Google has been collaborating with several linked parties for a while. The government, the press, and user recommendations are a few of these.
In addition, Google has established a system using artificial intelligence (AI) to monitor users who disobey Play Store policies.
Based on the flaws this technique exposed, action has been taken.
Google has stated that the apps that have been removed from the Play Store cannot necessarily be blamed for being restricted owing to exorbitant interest rates, expensive processing costs, or unfair terms.
The business has its own rules for removing them, which makes it extremely risky from a security standpoint.
To read our blog on “Google Play Store draws out the Pakistani online loan scam app,” click here.