Jackie Wang, Country Director of Google Thailand, said, “The new policy will help to protect users in Thailand from potential abuse by fraudulent personal loan apps. Our objective is to eradicate bad apps from the Play Store. Therefore, we are implementing proactive measures by establishing rigorous criteria for Digital Lending Apps to minimize financial risks and protect consumers.”
According to the new regulations, Digital Lending Applications are forbidden from accessing sensitive data, including external storage, media images, contacts, and precise location information. Additionally, apps that provide short-term personal loans and necessitate full repayment within 60 days of the loan issuance will be prohibited.
Thailand is among a group of countries in Asia Pacific where Google has enforced supplementary prerequisites for Digital Lending Applications.
