Google removes Paytm mobile app from store over policy violations

Credit: REUTERS/SHAILESH ANDRADE

Alphabet 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.

NEW DELHI, Sept 18 (Reuters) - Alphabet Inc's GOOGL.O Google on Friday removed the mobile app of SoftBank 9434.T and Alibaba BABA.N-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.

(Reporting by Sankalp Phartiyal; Editing by Christian Schmollinger)

((sankalp.phartiyal@thomsonreuters.com; +91-11-49548064;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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