This review has resulted in the removal of 2,200 apps from Google’s app store. Around 3,500 lending apps remain after the review.
The government is taking further measures to address concerns about financial fraud, and a second review meeting on cybersecurity and financial frauds is scheduled for February 9.
The DFS Secretary, Vivek Joshi, stated that the RBI’s whitelist has helped identify responsible stakeholders and that Google has tightened its uploading policy for lending apps.
The Centre is also focusing on strengthening cybersecurity and has notified 40 institutions in the BFSI sector as critical information infrastructure.
The DFS is working with the telecom ministry to develop a system for customers to block and report suspicious or fraudulent phone calls.
For more information visit at https://happenrecently.com/zepto/?amp=1
