New Delhi: The government is currently tracking loan applications on Apple app stores and Google Play Store, informed the Union minister Rajeev Chandrasekhar. The Centre has issued an advisory to both Apple and Google asking them not to onboard unsafe applications. This comes in the wake of several incidents of lending apps harassing their borrowers.
“It is the government’s objective and mission to keep the Internet safe and trusted for all ‘digital nagriks’…We intend to have the earliest meeting with the RBI to make sure there is a whitelisting that means to make a norm of only allowing permitted loan applications on these two stores,” Chandrasekhar asserted.
In July Apple had removed several lending apps from its App Store in India following reports of them harassing and threatening borrowers came into light. Such loan apps allegedly offered fast-track loans to the customers but levied heavy charges. As per customers, the lenders often employed blackmailing tactics to intimidate borrowers into repaying the amount.
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