India Bans over 200 Betting and Loan Apps

Feb. 6, 2023

As part of another app-banning spree, the Indian Government has banned more than 200 betting and loan apps, which are said to have ‘Chinese links‘ with an aim to protect user privacy and security. Here are the details to know.

India Bans New Set of Apps!

Prasar Bharti News Services and Digital Platforms’ Twitter account reveals that the move has been made on an ‘urgent and emergency basis‘ by theMinistry of Electronics and Information Technology (MeitY)as directed by the Ministry of Home Affairs.

This has taken placeunder Section 69 of the IT law, which aims to protect and integrity and privacy of the country. AreportbyANIsuggests that this move is based on several complaints filed by users who have been harassed by people behind the various mobile lending apps due to non-payment of debts. The apps are said to lure people into availing of loans but charged huge interest, often causing a failure to repay.

This has also led people into committing suicide, following which the MHA even conducted an investigation of 28 loan apps six months ago. It was found that 94 loan apps were working through third-party links.

The decision to ban betting and loan apps in India comes after the Reserve Bank of India (RBI) recently released somenew guidelinesfor digital lending firms. These guidelines restrict lending firms from increasing users’ credit limits without their permission and require lending apps to take permission before acquiring any data, among other things.

However, there’sno word on the names of the banned apps. Neither MeitY nor the Ministry of Home Affairs has commented on this.

We should get more details on this. So, stay tuned, and do share your thoughts on this in the comments below.

Started off as a stranger but tech is more like a good friend, thanks to over 5 years in the industry. While everything is attractive about tech, phones, social media, and quirky gadgets attract me the most. When not working, I find my solace in shopping and everything that concerns doggos!