Opera: Difference between revisions
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===Fraudulent Loaning Services (2019-2020)=== | ===Fraudulent Loaning Services (2019-2020)=== | ||
Between 2019 and 2020, Opera released multiple short-term loaning apps in developing countries, including OKash and OPesa. These apps were made available in Nigeria, Kenya and India and would let users take short-term loans. However, the interest rates on those loans ranged from 365-876% per year, and loan terms from 7-29 days. Opera also falsely advertised longer loan terms and lower interest rates in the app descriptions, because the Google Play Store had rules against predatory loan services. | Between 2019 and 2020, Opera released multiple short-term loaning apps in developing countries, including OKash and OPesa.<ref name="spacebar">{{Cite web|url=https://www.spacebar.news/stop-using-opera-browser/|title=Stop using Opera Browser and Opera GX|date=2024-01-24|first=Corbin|last=Davenport|work=Spacebar|access-date=2025-11-02}}</ref> These apps were made available in Nigeria, Kenya and India and would let users take short-term loans. However, the interest rates on those loans ranged from 365-876% per year, and loan terms from 7-29 days. Opera also falsely advertised longer loan terms and lower interest rates in the app descriptions, because the Google Play Store had rules against predatory loan services. | ||
In addition, OKash and OPesa asked for permission to the phone contacts during the setup process, violating the user's privacy. The service would also recur to scare-tactics by sending threatening messages to the user's contacts when a borrower was late on their payments. | |||
The money from these loan apps amounted to 42.5% of Opera's revenue by mid-2019, meaning that Opera was making profit from scamming people in developing countries. | The money from these loan apps amounted to 42.5% of Opera's revenue by mid-2019, meaning that Opera was making profit from scamming people in developing countries.<ref name="qz">{{Cite web|url=https://qz.com/africa/1788351/operas-okash-opesas-predatory-lending-in-nigeria-india-kenya|title=A Chinese super app is facing claims of predatory consumer lending in Nigeria, Kenya and India|first=Yomi|last=Kazeem|date=2022-07-20|access-date=2025-11-02}}</ref> | ||
===Telemetry=== | ===Telemetry=== | ||
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==References== | ==References== | ||
<references /> | <references /> | ||
[[Category:{{PAGENAME}}]] | [[Category:{{PAGENAME}}]] | ||