
India plans to mandate which loan apps are allowed on app stores in the country, the latest in a series of recent steps from the world's second largest internet market to crackdown on sketchy and unethical lenders. The Reserve Bank of India, the country's central bank, will prepare a "whitelist" of all legal apps and the nation's IT ministry will ensure that only whitelisted apps are hosted on app stores, the Finance Ministry said in a statement.
Link: India to control which lending apps are permitted to app stores in latest crackdown
via techcrunch.com
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