News

Apple removes several predatory lending apps from its App Store in India

Apple is among 110 companies authorized by India to import laptops, tablets and personal computers under a new system aimed at monitoring shipments, two government sources told Reuters.

Apple removed several predatory lending apps from the App Store in India this week, days after users and media questioned the legitimacy of those services, reports TechCrunch.

Pocket Kash, White Kash, Golden Kash, and OK Rupee are among the apps that Apple yanked. The apps offered fast-track lending to consumers in India, climbing to the top 20 of the finance list on the App Store in recent weeks. 

However, they also levied outrageously superfluous charges, according to hundreds of user reviews, notes TechCrunch. The lenders also employed downright unethical tactics to get the borrowers to pay back, the article adds..

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Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.