Google today preannounced a safety section in Google Play, which will roll out next year. The new section will give users information about how much data the app collects or shares and how it's stored. This is quite similar to Apple’s privacy labels for apps.
This is how it will work: Developers will be asked to share what type of data is collected and stored by the app like the user's location, contacts, name, email address, photos, and videos, and how that data is being used like for app functionality or personalization.
The security section will highlight these elemnets in addition to the data an app collects or shares:
All the new app submissions and app updates will be needed to include the new privacy information. "We’re committed to ensuring that developers have plenty of time to prepare. This summer, we’ll share the new policy requirements and resources, including detailed guidance on app privacy policies. Starting Q2 2022, new app submissions and app updates must include this information." google stated in a blog.