1 year, 9 months ago

Apple removed these loan apps from App Store. Delete them from your iPhone now

Technology behemoth Apple has removed several lending apps from the App Store in India after reports of them harassing the borrowers came into light. Recently, the App Store had stopped more than $2 billion in fraudulent transaction last year and rejected nearly 17 lakh app submissions for having failed in meeting the company's standards of quality and safety. Fintech sector surge linked to rise of predatory apps The rising fintech sector in India has also witnessed the rise of such predatory loan apps. The TechCrunch report claimed that Google's Android mobile operating system has been the primary platform for predatory lending apps in India.

Hindustan Times

Discover Related