In 2020 Google claimed it was supposed to be limited to a single region in partnership with a single carrier. And was never meant to be put up on Play Store.
A spokesperson from Google reached out to clarify some details about the Device Lock Controller app. To start with, Google says they launched this app in collaboration with a Kenyan carrier called Safaricom.
Google has confirmed that the Device Lock Controller app should not be listed on the Google Play Store for users in the U.S., and they will work to take down the listing.
Source: https://www.xda-developers.com/google-device-lock-controller-banks-payments/
Of course, it was a lie since it's still on Play Store an of today and in use.