Google to verify trading and investment apps on Play Store in India
Google is introducing investment application verification labels on its Play Store in India to combat online financial scams and protect retail investors. The initiative, in collaboration with the Securities and Exchange Board of India, will display a 'verified' badge for registered brokers and intermediaries, helping users identify legitimate trading platforms.
Google is launching a verification system for investment apps on its Play Store in India. The move aims to combat rising online financial scams. In collaboration with the Securities and Exchange Board of India, registered brokers and intermediaries will display a 'verified' badge. This label will help users identify legitimate trading platforms. A visible warning will be displayed for unverified apps, alerting users to potential risks. The initiative has already verified hundreds of financial service applications. Google's goal is to create a secure online investment environment, aligning with regulatory bodies and reducing online financial fraud in India's growing retail investor market.
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