Apple Facing Similar Bad Loan Apps Problem in India as Google

In India, Google has been cracking down on fraudulent loan apps, and now Apple is encountering a similar problem with its App Store. Numerous iPhone users have expressed concerns regarding loan apps downloaded from the App Store, prompting the company to take action. It has been reported that Apple has removed approximately six of these loan apps from the App Store in the past few weeks.

Loan apps have proven to be predatory in nature, threatening users by claiming to have access to their nefarious photos and sharing them with their listed contacts.

Some of these apps mentioned in the news include White Kash, Pocket Kash and Golden Kash. Apple’s strict App Store policies have usually vetted these apps, but it seems some fake versions have slipped their way through security, worrying the company and millions of iPhone users in the country.

Apple is reportedly cracking down on these predatory loan apps that appear to have genuine reviews, but their developer information is murky due to fake names and websites on the App Store.

Apple has responded in the strongest possible way, and according to a TechCrunch report quoting the company, Apple confirmed that these apps “falsely represented an association with a financial institution,” a clear violation of its App Store policies, assuring that , “we do not tolerate fraudulent behavior on the App Store, and we have strict rules against apps and developers who try to cheat the system.”

Loan apps have become a serious problem for these tech companies, and even with strict policies in place, these apps somehow manage to pass the filters set by Google and Apple.

Google has actually faced more problems and needed support from law enforcement to act on these developers. They appear to have created a series of fake loan applications targeting people who just needed quick financial help during the pandemic over the last three years. .