Over the previous few days, a number of customers said that apps with names like White Kash, Pocket Kash, Golden Kash had began exhibiting up on the Top Finance Apps chart.
In a reply to ET’s queries on Friday, Apple confirmed that it has eliminated the apps for violating its insurance policies.
“The App Store, and our App Review Guidelines, are designed to ensure we are providing the safest experience possible to our users. We have removed the apps in question for violating our Apple Developer Program License Agreement, and guidelines. We determined that these apps were falsely representing an association with a financial institution,” mentioned Apple in its reply.
In April this yr, Google mentioned it had eliminated over 3,500 private mortgage apps from its Play Store in India for coverage violations.
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News web site Techcrunch first reported about Apple pulling these predatory lending apps on Friday night.
Apple had mentioned earlier that its App Store stopped over $2 billion fraudulent transactions in 2022, rejected practically 1.7 million app submissions for failing to satisfy Apple’s requirements of high quality and security, and terminated 4,28,000 developer accounts for doubtlessly fraudulent exercise.
In February this yr, the Indian authorities had issued orders to block 138 betting and playing apps, and 94 quick-loan apps, on an “urgent” foundation for “improper data storage and transfer” to different nations, and for cash laundering.
Among the 94 quick-loan apps had been some Indian ones like Naspers-owned PayU’s LazyPay, and Kissht, which led to fintech corporations reaching out to numerous authorities departments for readability. Eventually, the ban on a few of these legit gamers was reversed.
Source: economictimes.indiatimes.com