After the Centre banned nearly 138 gambling apps and 94 loan apps on Wednesday due to concerns about “Chinese linkage,” many digital betting and lending apps that were operating in India issued clarifications.
Market, one such platform, stated that the domain on MeiTY’s list is a clear example of “impersonation” and has no connection to mPokket at all.
We have no formal or informal partnership with Aptoide, a third-party app store. We are investigating the possibility that it is a proxy app on Aptoide. Customers and lenders alike benefit from blocking these apps. Some well-known loan apps, such as PayU’s buy-now-pay-later (BNPL) service LazyPay, Kissht, RupeeRedee, and Faircent, were also seen as being part of a “partial” ban list that was being tossed around. We at mPokket continue to bring the best service to our customers without any disruptions.
In a statement, Sunny Mittal, VP-Compliance at RupeeRedee, stated that they have not received any official information regarding the ban of the questionable app version from Google or government sources.
“Having said that, Aptoide, a third-party Android app store, and we have no formal or informal partnership. On Aptoide, we are speculating that it is a proxy application. Since our official website and Google Play Store are the primary sources of a dependable customer base, blocking the Aptoide link is a positive outcome for us. There appears to be a questionable app on Aptoide. We have not received any communication from Google to this point. “On the instructions of the Union Ministry of Home Affairs (MHA), the IT Ministry began the process of banning 138 betting apps and 94 lending apps that had Chinese links after receiving complaints.
The MHA recently instructed the Ministry of Electronics and Information Technology (MeitY) to ban apps that use a third-party link.
According to sources, all of these apps were found to have content that posed a threat to India’s sovereignty and integrity and violated Section 69 of the IT Act.
According to sources, these apps are used to force financially strapped individuals into a debt trap by increasing loan interest rates by up to 3,000 percent. The problem was brought to light after Andhra Pradesh and Telangana reported a number of suicides by borrowers of these apps.