Connexionblog
Monday, September 25, 2023
  • About Us
  • Home
No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
No Result
View All Result
Connexionblog
No Result
View All Result
Home Bussiness

Alert! Google has removed 3500 apps from the Play Store, is it installed on your phone?

by Ananya Dewan
April 29, 2023
in Bussiness
0
Alert!  Google has removed 3500 apps from the Play Store, is it installed on your phone?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


New Delhi. In the last few years, there was a flood of quick loan apps on the Google Play Store, but most of them were doing the work of wrongly giving and recovering loans without verification. Taking action on thousands of such apps, Google removed about 3500 loan apps from Play Store in India and its information is given in the company’s Play Protect report. It has been revealed that the reason for the action taken on these apps in the year 2022 was due to non-compliance of Play Store rules by the apps, but the matter is not only that.

Advertisement: “GOOD INVESTMENT OPPORTUNITY IN JAIPUR” JDA APPROVED PLOTS JDA APPROVED PLOTS ONLY IN 4 LAKH VATIKA TONK ROAD CALL 8279269659

Users used to rely on such apps in case of need of money and these apps were giving loans at arbitrary interest rates. Not only this, in case of non-payment of loans taken by these apps, cases like threatening many users and even suicide on behalf of some users had come to the fore. The Government of India and the Reserve Bank of India had also taken action against these apps to protect users from unsafe and illegal banking practices.

Also read this news: ‘Granddaughter born from grandmother’s womb’ 56-year-old woman became the mother of her own son’s child, know what is the whole matter

Google had changed the policy
In the year 2021, its policy related to financial services in India was updated by Google, which also applies to personal loan apps. After this policy came into force in September 2021, it became mandatory for app developers to confirm whether they have received a license from the Reserve Bank of India or not. These developers were asked to submit a copy of the license. In the event of not being able to do so, Google had asked to take action against them and remove the app.

Also read this news: Female teacher fell in love with student, got married after getting gender changed

Last year tightened the screws on apps
Last year, in 2022, while further improving and changing the existing rules, Google placed several conditions in front of developers who are offering loan apps in partnership with non-banking financial companies (NBFCs) and banks. The developers were asked to disclose the names of their partner banks and NBFCs. Along with this, they were also asked to share the links of those websites where they have been listed with their official agents. Thousands of apps were affected by this change.

Also read this news: ‘My boyfriend gave birth to a child, he didn’t know she was pregnant’

Reliance on fake loan apps will be over
Before taking a loan from any kind of app, it is necessary to be trustworthy and the apps should be tested. You can look up the name of the app developer and research about it, as well as see reviews from other users. Both Google and Apple are realizing the dangers associated with such unofficial apps and ensuring that only official apps become a part of the platforms. Apps access users’ sensitive data and ask for documents before giving loans, in such a situation, users can be harmed through them.

Download app: To read the latest news of your city, download the Sanjeevani Today app


<

ShareTweetPin

Related Posts

Moneycontrol - Hindi Business News
Bussiness

These 4 stocks will bring profit in the falling market, you will earn by betting on these four stocks

September 25, 2023
Moneycontrol
Bussiness

Learn earning strategy from leading brokerage firms on Bajaj Finance and NALCO

September 25, 2023
Moneycontrol - Hindi Business News
Bussiness

Religare made a splash on this open offer, shares fell by more than 7%

September 25, 2023
Moneycontrol - Hindi Business News
Bussiness

Chavda Infra IPO Listing: Entry of shares at 40% premium, retail investors had invested a lot of money

September 25, 2023
Moneycontrol - Hindi Business News
Bussiness

Delta Corp: Shares fall 15% due to tax notice of Rs 16822 crore, game over or the story is yet to come

September 25, 2023
App Install Banner
Bussiness

Sensex opened 73 points higher at 66,082, opportunity to invest money in 2 IPOs from today. Sensex opened 73 points higher at 66,082, opportunity to invest money in 2 IPOs from today

September 25, 2023
Next Post
Boy Burns After Attempting Dangerous TikTok Challenge

Boy Burns After Attempting Dangerous TikTok Challenge

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Connexionblog 2023. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology

© Connexionblog 2023. All Rights Reserved.