(C) Reuters. A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad
NEW DELHI (Reuters) – Alphabet (NASDAQ:GOOGL) Inc’s Google on Friday removed the mobile app of SoftBank and Alibaba-backed Indian fintech firm Paytm from its Android store over violations of its gambling policy.
“We don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting,” the U.S. tech company said in a blog post.
“This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of our policies.”
The blog post did not name Paytm, but Google separately confirmed the removal for policy violations.
Paytm said on Twitter that its Android app was temporarily unavailable on the Google store for downloads or updates.
“It will be back very soon,” the company said, assuring users that their money was safe.
Paytm, a pioneer in India’s digital payments market, sells everything from digital gold to insurance and also allows for money transfers on a state-backed payments network.
Google removes Paytm mobile app from store over policy violations
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.