Google is banning Android apps offering personal loans from accessing users’ sensitive data, such as photos and contacts.
According to TechCrunch, there have been multiple reports of debt collectors using information such as contacts to harass borrowers.
In a policy update, Google states: “For the purposes of this policy, we consider financial products and services to be those related to the management or investment of money and cryptocurrencies, including personalized advice.
“If your app contains or promotes financial products and services, you must comply with state and local regulations for any region or country that your app targets – for example, include specific disclosures required by local law.”
In Kenya, Google removed hundreds of loan apps from the Play Store, while in India, more than 2000 apps had to be taken down following alerts from law enforcement and central banks.
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