Is it true that mobile phone IOUs borrow money?

Mobile phone IOUs are credit loan products launched by China Mobile. Users can apply for a loan through the mobile phone application. The loan amount depends on the user's credit rating and personal information, generally ranging from several thousand yuan to tens of thousands of yuan. Mobile phone IOUs are legal credit loan products, but users need to carefully choose the loan amount and repayment period to avoid repayment difficulties caused by excessive loans. At the same time, users need to read the relevant agreements and terms carefully before borrowing, and understand the loan interest rate, handling fees and other expenses.