The well-known browser Opera is suspected of illegal lending: there is even a collection phenomenon

Opera is an old browser. Although the market performance is poor under the dominance of Chrome, it still has many users. However, it has recently been involved in the loan software crisis.

Recently, according to a research report released by Hindenburg Research, Opera submitted multiple loan apps to Google Play, and their loan terms and interest rates violated store regulations.

It is reported that Opera has launched two loan apps - OKash and OPesa in Kenya, CashBean in India, and OPay in Nigeria.

Google Play stipulates a minimum loan period of 60 days, but Opera bypasses this restriction. The APP shows that the loan period is 61-365 days, but the email sent to users shows that it only provides 15 days. -Short-term loan of 29 days.

According to reviews on the Play Store, these loan apps also have collection practices. Once users fail to repay on time, they will be flooded with text messages and phone calls, threatening to take legal action or put the user on loan. into the blacklist.

Moreover, the profits gained through the loan APP did not enter Opera. The research company found that all the money flowed into the affiliated companies of Opera’s chairman. Previously, Opera was acquired by a Chinese investor group in 2017. Become a listed company.

This report was released on January 16. Since its release, Opera's share price has plummeted from US$9 to US$7.06.

Source: Kuai Technology