Apple’s Indian App Store bans 6 loan apps charging excessive fees, etc

Apple's Indian App Store bans 6 loan apps for excessive fees, etc

【Phoneauto News】According to Indian media 91mobiles, Apple has removed some harmful loan applications from the Indian App Store. These applications are notorious for engaging in predatory behavior. These applications include Pocket Kash, White Kash, Golden Kash, and OK Rupee.

Many users have commented that these applications charge excessive and unnecessary fees. Lenders use unethical means to force borrowers to repay loans.

In recent weeks, applications that provide quick loan services to Indian consumers have become popular and have entered the top 20 of the App Store’s financial rankings.

Some users have reported receiving messages containing personal photos and contact information. This information includes threats to publicly disclose their loan status to their contacts if they do not repay on time. These applications created by individuals with suspicious identities and websites have received numerous similar comments. Some of these comments even detailed threats from the lenders.

Therefore, in response to these concerns, these loan applications have been removed from the app store for violating the rules and guidelines outlined in Apple’s Developer Program License Agreement. Some of these applications were found to falsely claim association with financial institutions.

These actions indicate the urgent need for stronger regulation and supervision in the digital lending industry to protect users from exploitative practices.

In February, following the recommendation of the Ministry of Home Affairs (MHA), the Ministry of Electronics and Information Technology in India banned 138 gambling applications and 94 loan applications with Chinese links. Many people complained of extortion and harassment after obtaining small loans through these mobile applications.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Morning News Samsung S23 FE may be released in September, Dong Mingzhu responds to Gree's failure to make the Fortune Global 500 list

【Phoneauto Morning News】There are reports now that Samsung will launch the S23 FE in September; Dong Mingzhu, Chair...


Making money does not rely on mobile phones! Samsung's tablet computers have higher profits than smartphones

【PhoneAuto News】According to reports, Samsung is making more money from its Galaxy tablets than its smartphones Not...


Morning News Samsung's foldable screen smartphone domestic price announced, OnePlus' new flagship exposed

【Phoneauto Morning News】On the evening of August 3rd at 1900, Samsung officially held a new product launch event fo...


Samsung Galaxy S24 series screen details exposed expected to debut with M13 screen

【Phoneauto News】Recently, foreign media have exposed the details of the screen of the Samsung Galaxy S24 series It ...


The latest top ten popular mobile phone rankings are out, with Samsung taking the top spot and Xiaomi closely following

[Phoneauto News] On August 14th, phoneauto learned that a foreign website has released the latest top 10 popular mobi...


Still looks great! The appearance of the Samsung Z Fold5 Thom Browne version has been exposed

[Phoneauto News] Samsung has a tradition of collaboration with American menswear brand Thom Browne Previously, the Th...