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Google deletes over 2000 loan apps from playstore

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Google has reportedly deleted 2,200 fake loan apps from Play Store.

The organization has also updated its policy regarding the enforcement of loan apps on Play Store.

This action follows the government’s continuous efforts to combat fraudulent loan apps and protect consumers from financial scams, PTI reported.

In response to queries raised in Parliament, Minister of State for Finance Bhagwat K Karad highlighted the government’s collaboration with regulatory bodies such as the Reserve Bank of India (RBI) to tackle the proliferation of deceptive loan apps.

According to the Ministry of Electronics and Information Technology (MeitY), Google reviewed approximately 3,500 to 4,000 loan apps from April 2021 to July 2022, suspending or removing over 2,500 of them from the Play Store. During the subsequent period from September 2022 to August 2023, Google continued its crackdown by eliminating more than 2,200 fraudulent loan apps.

Only apps published by Regulated Entities (REs) or those collaborating with REs are now permitted on the platform.

The tech giant has also implemented additional policy requirements and strict enforcement measures specifically tailored for loan apps in India.

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BREAKING! Many Injured In Hoodlum Clash In Ile-Epo Lagos Market

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Many have sustained injuries following clashes between hoodlums in the Ile-Epo district of Lagos State.

According to reports from Punch Metro, the altercation commenced in a local market on Wednesday night and persisted into Thursday morning.

Several shops were engulfed in flames, and merchandise was damaged during the chaos.

Despite attempts by law enforcement to intervene early, the hoodlums hindered their efforts.

A punch correspondent who visited the scene of the incident gathered that an early intervention by the police was restricted by the hoodlums.

A fire service truck that drove into the market this morning was also forced to reverse after being pelted with stones.

Furthermore, a fire service vehicle dispatched to the scene this morning faced resistance, forcing it to retreat after being targeted with projectiles.

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Wema Bank Celebrates Remarkable Journey of 79 years

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  In a remarkable celebration of heritage and innov ation, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT today announced a joint celebration marking Wema Bank’s 79th years and ALAT’s 7 years anniversaries.

This significant celebration not only commemorates nearly eight decades of exceptional service and innovation in the Nigerian banking sector but also celebrates the bank’s seven years of digital excellence with ALAT.

Since its inception in 1945, Wema Bank has been at the forefront of financial innovation, constantly adapting to meet the evolving needs of its customers.

Over the decades, the bank has evolved from a regional bank to a national bank, adapting continuously to meet the dynamic needs of its customers and establishing itself as a pillar of trust and reliability for millions of individuals and businesses across Nigeria.

According to the MD/CEO Wema Bank, Mr. Moruf Oseni, the bank’s evolution from being Nigeria’s oldest indigenous bank to being at the forefront of innovation, pioneering Africa’s first fully digital bank, ALAT, has been a true story of resilience and transformation.

“At 79, Wema Bank stand stronger than ever, and this achievement would not have been possible without the support of our customers and employees. We thank them for believing in the Wema vision, for entrusting their financial security to us, and for allowing us to contribute to their personal and professional aspirations. Their faith in us is deeply cherished, and we are honored to serve them.”

“As we mark our 79th year today, we reaffirm our commitment to empowering lives through innovation, and exceeding our customers expectations with unparalleled banking experiences tailored to their needs. Our pledge is to stand by our customers through every stage of life, offering enabling platforms to accelerate their growth and propel them to extraordinary heights.”

“While the past 79 years have been remarkable, we anticipate that the coming decades will be even more inspiring. With the partnership of our customers and employees, Wema Bank is poised to set new standards in financial services and redefine the future.” He concluded.

As part of the anniversary celebrations, Wema Bank and ALAT are rolling out a series of customer-focused activities designed to reward loyalty and enhance the customer experience. Throughout the anniversary month, customers will enjoy various promotions, including discounts on transactions, cash prizes, special loan offers and much more.

This anniversary is more than a celebration; it’s a reaffirmation of Wema Bank’s resilience and ongoing commitment to innovation and customer satisfaction in a competitive industry. Both Wema Bank and ALAT are poised for further growth, with strategic initiatives designed to enhance customer-centric services and expand the reach yearsw capability of digital banking solutions.

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