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Using shame, lending apps in India squeeze billions out of the desperate

Using shame, lending apps in India squeeze billions out of the desperate
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Collective releases list of 426 'rogue' lending apps available on Google PlayStore

Collective releases list of rogue lending apps available on Google PlayStore
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Collective releases list of rogue lending apps available on Google PlayStore
Anam Ajmal / TNN / Updated: Dec 29, 2020, 17:23 IST
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NEW DELHI: A citizen collective, engaged in raising awareness around digital payments, has released a list of 426 lending apps, many of them rogue, available on Google PlayStore. The rogue apps, researchers say, indulge in abusive lending practices” and seek wide-ranging intrusive permissions from users. TOI has sent a detailed questionnaire to Google about the list but the technology giant had not responded till the filing of this report. ....

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Google pulls down another 'rogue' lending app | India News

NEW DELHI: A rogue lending app, Udhaar Loan, which thrived using a name resembling another app, was taken down from Google PlayStore on Tuesday for violating the technology giant s “trademark” policies.
Udhaar Loan used to offer credits at extremely high interest rates and resembled the name of a genuine Indian startup, Udhaar, to build its credibility, a phenomenon that researchers say is quite common. Udhaar provides alternate credit scoring mechanisms for “underserved individuals.
Udhaar s co-founder Ravi Sethia had filed a complaint with Google nearly a month ago about the “rogue” lending app, stating it copied the name of his organisation, which the company s founders had trademarked in 2016. A Google spokesperson confirmed to TOI that the app was taken down. ....

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