Google has been cracking down on phoney lending apps in India, and now Apple appears to be having the same problem with the country’s App Store. Many iPhone customers have complained about problems caused by App Store loan apps, which appears to have alerted the business, which has apparently removed approximately six of those loan apps from the App Store in recent weeks.
The lending apps have proven to be predatory in character, threatening users by demanding access to their intimate images and sharing them with people on their contact list.
Among the apps featured in the news are White Kash, Pocket Kash, and Golden Kash. These apps have normally been verified by Apple’s tough App Store regulations, but it appears that some fraudulent copies have slipped through security, causing concern for the business and millions of iPhone users in the country.
Apple has reportedly taken action against these predatory loan apps, which appear to have real reviews but have dubious developer data on the App Store, including fake-sounding names and websites.
According to a TechCrunch report, Apple confirmed these apps were “falsely representing an association with a financial institution,” which was a clear violation of its App Store policies, and ascertained that “we do not tolerate fraudulent activity on the App Store, and have stringent rules against apps and developers who attempt to cheat the system.”
Loan apps have become a big concern for these digital firms, and even with strict policies in place, some apps manage to bypass Google and Apple’s censors.
In fact, Google has experienced more difficulties and has required cooperation from law enforcement to act on these developers, who appear to have produced a swarm of phoney lending apps targeting those who just needed quick financial aid during the pandemic in the last three years.