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OPPO and Realme smartphones to stop sales of devices pre-installed with loan app

OPPO and Realme smartphones to stop sales of devices pre-installed with loan app

14 Sept 01:51 Key points summarised by AI
  • OPPO and Realme have ceased selling smartphones with the third-party "Fineasy" loan app pre-installed, effective immediately.
  • Existing OPPO smartphone users will receive an Over-the-Air (OTA) update on January 16 to remove the pre-installed loan application.
  • The Office of the Consumer Protection Board has summoned OPPO representatives for an explanation and is investigating potential damages to users.
  • Legitimate loan service providers, True Money and Essence Money, clarified their applications are legally registered and require voluntary user downloads, prioritizing user protection.
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