Posts in tag

play store


On Friday, March 11, the Federal Competition and Consumer Protection Commission (FCCPC) raided at least seven digital loan companies operating in Lagos on “possible violation” of consumer rights. The operation led by the boss of the commission, Babatunde Irukera, responded to several complaints of embezzlement on the part of lenders. Babatunde Irukera, the head of …

The Federal Competition and Consumer Protection Commission has ordered Google LLC (Play Store) and Apple Inc. (Apple Store) to disable unauthorized online banking and loan applications. The federal government agency asked Google and Apple to remove apps when evidence established inappropriate conduct or use of the app in violation of consumer rights. The agency also …

While Nigerians have been quick to embrace digital loan apps, their interest is at exorbitant rates. Loan applications listed on the Google Play Store offering short-term loans are mandated by Google’s policy rules to give borrowers no less than 60 days from date of issue to repay any loan. The three loan apps owned by …

When V. Rajapandian was fired from his job at a heat treatment plant in India, the reason had nothing to do with performance or declining income. Instead, his boss came up with a peculiar explanation: After Rajapandian defaulted on a loan from a mobile app, salvage agents demanded that the factory pay on his behalf. …

By – Kritika G Everything is done in a snap today. Long queues, many application forms, long waiting time, everything is sort of disappearing. The way we do our banking today is nothing like it was ten years ago. It’s more paperless, takes less time, has no direct meetings involved, and so many more protocols …

Nigerian loan apps that send messages to their debtors’ contacts could be sued for privacy breaches in the future. In an announcement last week, the National Information Technology Development Agency (NITDA) said it had received 40 petitions from the public about companies abusing user data and it appears the agency has started donating following these …

In its concern to always meet the requirements of its customers, Zavron Finserv, a non-bank financial institution recently launched its application for an instant personal loan called. Developed in-house and powered by cutting-edge fintech technology, the app gives every customer instant access to personal loans whenever they need it, at their fingertips. From high disbursement …

ANI | Update: October 19, 2021 11:57 AM STI Pune (Maharashtra) [India], Oct. 19 (ANI / NewsView): Anxious to always meet the demands of its customers, Zavron Finserv, a non-bank financial institution recently launched its application for an instant personal loan called ZinCash.Developed in-house and powered by cutting-edge fintech technology, the app gives every customer …

The Nigerian fintech space is growing exponentially, attracting the attention of foreign and local investors and attracting new entrants in the various subsectors of the ecosystem. Many of them have found gold by offering unsecured loan facilities to Nigerians, but at staggering interest rates. Of this cohort, it would appear that some met and agreed …

“I thought if this doesn’t stop, the next step for me will be suicide,” Nama Karan, 26, from Indore told Media. It all started when he installed an instant loan app in October 2020 after seeing an ad on Youtube. Faced with financial difficulties, Karan took out a loan of Rs. 3000 with a repayment …

During the pandemic, as debts grew, app representatives got mean as Ajith and another businessman Rajeshkumar KR found them in horror. Several borrowers posted their experiences using the hashtag #OperationHaftaVasooli on Twitter and Facebook. Rajesh delayed his payment due to technical issues. He spoke to the app rep, who assured him of a one-day extension. …

Banks around the world may experience a similar ordeal to monarchies after the turn of the 20th century. They run the risk of becoming outdated and a little less relevant unless they upgrade their businesses. However, as the tech sector begins to encroach on basic banking facilities in India and elsewhere, bank “upgrades” now appear …

Image by Darwin Laganzon from Pixabay Loan applications JuanHand, Pesopop, CashJeep and Lemon loan were convicted of violating borrower data privacy laws and ordered to shut down. The National Privacy Commission said on Wednesday, August 25 that the apps will be taken off the internet and removed from the Google Play Store as a result …

The Covid-related downturns have hit personal finances and businesses extremely hard, with the idea of ​​’instant money’ at the click of your phone screen being enticing to many. Sensing blood, desperation, and heightened discouragement, loan sharks are now swimming in your devices disguised as seemingly legitimate financial apps to lend and borrow money. But the …

Whether it is during financial difficulties or emergencies, many people today apply for loans for personal and professional purposes, to pay their bills and cover their expenses. Today, the loans are taken out of the reserve and the exclusive responsibilities of the banks. Many lending platforms and institutions now offer quick and easy access to …

While loan applications can be a fantastic way to get a loan quickly, it is essential to protect yourself against many fraudulent fintech loan applications. After the outbreak of the Covid-19 pandemic, many people faced job losses or wage cuts as businesses took a hit. Transitioning to a lower pay scale overnight is almost impossible …

Google is tackling personal loan applications in India and Indonesia with new guidelines for each country. App developers will need to comply with the updated policy by September 15, 2021, and the rules include new mandatory eligibility criteria in order to stay on the Play Store. The announcement comes after concerns were raised about how …

Google is stepping up monitoring of loan applications in India. In a July 28 announcement, Google said Indian loan applications will need to complete a “Personal Loan Application Declaration” form and provide supporting documents such as a license from the Reserve Bank of India (RBI) or proof that the app is only an intermediary platform …

Instant personal loan through apps has grown, bringing a whole new borrowing experience Tired of applying for personal loans, but no luck? Did you take a pay cut this month? Whatever the reason, more and more people of all ages are turning to instant loan applications these days for their urgent need to finance their …

In times of financial crisis, it is the loans that give you the much-needed respite and help you out of the bad times. Fintech lenders provide convenient access to credit to a diverse set of consumers, including new credit customers and other underserved sections. However, in the midst of financial crisis and desperate times, borrowers …

Are you good with your money? Good for you, you are an anomaly. Figures reveal that thousands of Kenyans are listed by CRB for as little as KES 200 in delinquent loans. Many of us have HELB debt of over KES 200,000. It is a considerable amount of money. And the country, for context, owes …

Mangalore: Last year India faced aggressive measures from China in border areas. Despite the disruption and distractions posed by the Covid-19 pandemic, India has raised the stakes for China and forced it into a retreat. However, India must also focus on building its capacity to deter the non-traditional threats that are simultaneously emerging from China. …

HYDERABAD: At the request of the Telangana police, Google has removed from its Play Store up to 290 loan sharks that harm the lives of innocent borrowers. The malicious apps, hosted on the US-based Amazon Cloud and China-based Ali Cloud, are linked to Chinese companies and work in association with certain non-bank companies in India, …

The Hindi films of yesteryear portrayed the pawn shops as evil characters, whose sole purpose in life was to torture the righteous hero who is unable to repay the loan his father took. A little later, they declared that bank loans are not available to everyone, so poor villagers are trapped in the hands of …

Google’s policy that will prevent apps from accessing high-risk information from other apps This policy may seriously affect Indian digital lenders who rely on data from other apps to assess creditworthiness Google requires developers to explicitly state the reason for acquiring such high-risk permissions from May 5, 2021 Google has announced major changes to its …

HYDERABAD: Police stumbled upon China-backed FinTech companies, with which non-bank financial corporations (NBFCs) had linked to disperse loans via apps, allegedly giving out fake addresses while making deals with of NBFCs. The issue has been brought to the attention of police by representatives of several NBFCs across the country since their bank accounts were frozen …

Thane: The Thane Police Tuesday warned citizens against several loan applications available on google Play at the store and urged them to be careful when registering. In a notice published by the Thane Police Department officials have informed that in recent times several apps have appeared in app stores, which claim to provide loans to …

OKash is one of the digital lending platforms for Kenyans. Just a few months after its launch, the app has become one of the most downloaded on the Google Play Store. Now reports say OKash has disbursed loans of around $ 1 million (around Ksh100 million). If you want a piece of this pie, you …

Six years ago, Alice Njeri Maina was shocked to find her name registered with a credit bureau for defaulting on a loan she never took out. The account was registered in his son’s name. Njeri, puzzled, therefore went to his bank branch in Nakuru to follow up on the matter. The bank has promised to …

Bombay: The Reserve Bank of India (RBI) reached out to Google, the Digital Lenders Association (DLAI), the fintech association FACE and several non-bank lenders for information on how to regulate digital lenders, three people familiar with the report said. development. RBI’s Digital Lending Task Force has asked Google for details on its criteria for integrating …

RBI Digital Lending Task Force Seeks Input From Google And Other Stakeholders To Regulate Digital Lending Applications Constituted in January of this year, the Working Group was asked to submit its report within three months Google previously removed more than 500 loan apps, citing breaches of its policies Digital lending applications, new age mahajans (lenders) …

Documents required for instant loans through apps Here we have listed the best apps for instant personal loans along with Google ratings. Documents required for instant loans through loan applications You need the following documents to apply for a personal loan: Aadhaar card / PAN card Photograph Bank details and statements Salary statements Fill out …

To reduce the number of fraudulent loan apps available online, Google has removed around 100 instant loan apps from the Google Play Store. Read also – JioPhone Next releases this Diwali: Main features to know before buying the Jio-Google smartphone These apps were involved in the alleged collection of personal data and its misuse and …

Google has so far removed about 100 instants loan applications of his Play store in the country who have been involved in the alleged collection of personal data and its misuse, fraudulent and illegal practices of physical threats and the use of other coercive methods for loan collection, according to the Department of Electronics and …

The Department of Informatics said about 100 of these apps were removed by Google between December 2020 and January 20, 2021. Google has so far removed around 100 instant loan apps from its Play Store in the country that were involved in the alleged collection of personal data and its misuse, fraudulent and illegal practices …

The Telangana High Court called on the chief police officer to take immediate action to block illegal instant loan applications that had become infamous in the state and elsewhere in the country. The court said the police should take strong action to verify loan applications engaging in illegal practices. A division bench led by Chief …

Hyderabad: A panel of two Telangana High Court judges, including Chief Justice Hima Kohli and Judge B Vijaysen Reddy, ordered the state government to take immediate action to arrest perpetrators running online loan applications and block these applications. The court also ordered the state to file a report on action taken in this regard. The …

Hyderabad: Google has removed around 100 instant online loan applications from December 2020 to January 20, 2021, the central government said. It comes after several cases of “suicides” were reported in Telangana, Andhra Pradesh and other Indian states due to harassment from online pawn shops. The Department of Electronics and Information Technology has seized Google …

While loan sharking, charging astronomical interest and disguising it as processing fees (to beat the loan sharking law) continue to wreak havoc among desperate borrowers, the Union government has washed its hands on the question. In a written response to the Lok Sabha, the Ministry of Electronics and Information Technology (MeitY) states that police and …

Hyderabad: A month after Telangana police began cracking down on illegal instant loan applications following the suicide of five people, the investigation showed a deeper Chinese connection to the scam. After arresting at least four Chinese nationals for using illegal apps, cops are now investigating the roles of other Chinese. In the latest incident, Cyberabad …

Investigating authorities have also ordered payment gateways such as Razorpay and Paytm to stop processing transactions through those apps. About 95% of money lending apps use Razorpay as payment gateway, report says This month, RBI formed a task force to propose regulatory measures to promote the orderly growth of digital lending. As scrutiny intensifies into …

The scourge of predatory loan applications is not unique to India. Other low-income countries, including Kenya and Nigeria, have also been targeted. Instant loan apps also gained popularity in China in 2016. Next, students turned to borrowing from predatory lending apps, with a number of people committing suicide after being publicly humiliated. In the Chinese …

Instant loan apps offer quick and easy loans without collateral, but many of these apps operate without any regulatory oversight. In fact, some of these apps turned out to be run by Chinese nationals, processing transactions worth millions of dollars. The latest arrest in such a case was made by Rachakonda police in Telangana on …

App-based personal loans that turn out to be deadly traps have long gone unnoticed as they fall outside of Reserve Bank of India (RBI) regulation. But as the predatory nature of these apps is exposed, there is a growing call to regulate them. bccl / file the The Delhi High Court has called for answers …

Bombay: Google has started removing money lending apps that do not comply with the country’s banking regulations from its Android Play Store following instructions from the Reserve Bank of India (RBI) to monitor the glut of hosted fintech apps. on the platform of the search giant. In an exercise that began Wednesday night, more than …

Google India has reviewed hundreds of personal loan apps in India and removed those that violate user safety rules from its Play Store. The company did not disclose the exact number or names of the apps it had removed. In a blog post published Jan. 14, the tech giant said it made the move after …

Madurai’s Madras High Court on Wednesday ordered Center and State notification of a PIL petition to ban online instant loan applications. The petitioner, Madurai’s lawyer S. Muthukumar, complained that the apps were not regulated by RBI and that companies were charging outrageous interest rates. He said several people have taken their own life as a …

The Central Crime Branch (CCB) of Greater Chennai Police has issued a notice urging people not to provide access to loan applications and notify the police if they fall prey to such online fraud. Police said there were about 60 unauthorized online loan applications on Google Play Store, which are not registered or recognized by …

Four people, including a Chinese national, were arrested by Cyberabad police on Friday in their crackdown on illegal app-based instant microloan companies. Police raided a call center in Hyderabad named “Cubevo Technology Private Limited”, whose head office, “Skyline Innovations Technologies India Private Limited”, is located in Delhi. Police said they have so far identified two …

Crackdown on illegal app-based instant microloan loan companies, Hyderabad police arrested 11 people from Delhi, Gurgaon and Cyberabad police arrested six more here. Based on complaints, Hyderabad and Cyberabad police have registered 16 and 7 cases against these companies respectively. In the past two weeks, three people, including an unemployed technician and an agricultural extension …

Taking seriously the various mobile application companies that offer instant loans, Telangana Police said on Friday that there are at least 60 such loan applications available on Google Play Store which are not registered or recognized by the Reserve Bank of India as NBFC and their operations were illegal. Response from Telangana DGP office comes …

Bank South Pacific (BSP) clients will no longer need to go to a branch to apply for a personal loan, as everything can now be done from the comfort of their home or office. Dennis Konu, deputy general manager of customer experience and support, said this was made possible by the launch of the latest …

BSP PNG | Bank South Pacific (BSP) clients will no longer need to go to a branch to apply for a personal loan, everything can now be done in the comfort of their home or office. According to Dennis Konu, Deputy Managing Director – Customer Experience and Support, this is made possible by the launch …

The instant loan app said customers can get a moratorium by requesting one via email or Twitter. However, the client claims that he was never informed of this. Hyderabad resident Shrikar Manne, self-employed in the real estate industry, on April 15 missed an EMI loan payment of a loan he took over on an instant …

This site may earn affiliate commissions from links on this page. Terms of use. Anyone who browsed the web in the early 2000s probably has some Opera experience. At that time, Opera was a great alternative to Internet Explorer, but today it has a different business model. According to a new report, Opera has launched …

Getting a loan online was not that easy until smartphone apps came into this realm. AND in the same context, here are some best apps to issue instant loan using the phone. Technology has directly or indirectly influenced almost everything in our lives and there is no doubt about it. It has made our life …

The institution of payday loans is predatory capitalism at its worst. Pixabay A specific circle of hell is in store for those running payday loan companies. Take Scott Tucker. He made a pact with the devil. Tucker, a former professional race car driver, built an illegal payday loan empire and is currently serving a 16-year, …

Google has fought predatory lending for a while, but now it’s fighting that fight in its app store. the the wall street journal at learned that Google recently banned Play Store apps with “deceptive or harmful” personal loans with an APR of 36% or more, like many payday loans. A spokesperson said the expanded financial …