At least six scam loan apps have been removed from Apple’s official App Store in India after it was revealed that they engaged in a range of outrageous tactics, from fees of up to half the loan value, to threatening to send fake nudes to the contact lists of borrowers.
Four of the apps made it into the top 20 financial apps in India before Apple removed them …
Background
Apple has long argued that antitrust regulators should not force it to allow third-party app stores, as only the official store can protect iPhone users from malware and scam apps, though it does now appear to have accepted the inevitable in Europe at least.
