QUICK LOAN ARENA can authoritatively reveal that after several policy violations by EasyMoni, following series of indicting stories we reported about them, Google has finally removed the rogue, fraudulent loan app from its Play Store.
The tech giant, Google, has been cracking down on unauthorised and rogue loan applications that were violating the data privacy right of borrowers in Nigeria in recent times following QUICK LOAN ARENA series of indicting and blackmailing reports about the offending apps. We reported last week that Google has removed at least 5 digital lending apps in Nigeria from Play Store including BorrowNow, LendCash, GotoCash, PalmCash and GotCash for the same reason. We understand other yet to be confirmed predatory loan apps have also been removed.
EasyMoni which is owned by Chinese and managed from China and Honkong but deceptively hosted as a Nigerian loan company in Google Play Store. has been terrorising and blackmailing the country’s borrowers for a long time.
EasyMoni finally yanked off Google Play Store after several policy violations
QUICK LOAN ARENA was the first to expose EasyMoni loan app as fraudulent and deceptive in our report of September 13, 2021: EasyMoni: Stop Sending Threats To Customers’ Contact List: Do Your Homework If You’re Real! Read extract below:
“Little is known about the supposedly loan app online. Quick Loan Arena did an intense search on EasyMoni online but we couldn’t find any website or remarkable trace of the quick loan app in the digital space. This calls to question about their integrity and legitimacy…”
We advised the regulatory authoroties in that article: The regulatory authorities should get to work and check the influx and proliferation of these quick loan apps in the country as many of them are only perpetrating fraud and scam in the name of giving out quick loans without any legal framework or check on their processes.
In November 12, we proceeded with an investigative story and exposed some rogue loan apps hosted on Google Play Store and asked the Nigerian government to crack down on them for infringing on their customers’ data privacy. Then the government promised to prosecute the offending lending platform. to EasyMoni was one of the loan apps we indicted.
In November 25, we investigated and found out EasyMoni was owned and managed not by Nigerians or Nigeria respectively but managed in faraway China by Chinese loan sharks..
In October 19, 2021, we did another indicting story on EasyMoni questioning their legitimacy and credibility to operate in our financial space: Is EasyMoni Loan App Legit?.
Few of the terrible reviews coming against EasyMoni by their customers before they were banned from Play Store.
I got debited twice for one repayment and there is no means of reaching you people. No phone number, no valid email address, nothing. I’ve tried using the live chat but, it’s not working. It is bad for a financial service company not to have a feedback mechanism, too bad. Please, let it be on record… Orok Etim
Do Not DOWNLOAD. Its a total failure and Time Waisting App. It will show you a promise of N2, 000,000:00 Loan and authorize N2000 for you as minimum. If you back out once and tap “Immediate Loan” again, it will show you maximum you can borrow to be N3,000:00 only. And at the end of the hectic registration, Loan Failure is the response you get. Useless!…Abel J. Olusegun
This is d worst app I Ave ever seen. I made payment a day before my due date d next day d agents started calling me that my money is due I showed them d evidence of payment through WhatsApp they still keep on telling me they Ave not received it that they will send messages to my contacts. If u don’t want thunder of God.to strike u ND ur generation don’t try anything stupid. Stupid people….David Bukola
This is the worst and useless app I’ve ever come across, after defaulting for four days they started publishing me on fbk sending text to my contacts that am a criminal, I run away with company’s money and police are looking for me. I now pay them the 5000.00 I collected from them and send the proof, still they find it difficult to clear it , is till there on d app. Easy Moni your services are bad. People run away from them o they don’t deserve 0 star at all. I respect branch….Lydia Dulla.