Opera Software (formerly owned by a Norwegian company and now owned by a consortium of Chinese companies) has revealed that during their few months’ beta stage run in Kenya; they have loaned out a total of $1 million (Ksh. 100 million) to Kenyans through their loan app OKash.
OKash, which was formerly running in beta but now it is in stable, is a byproduct of Opera’s FinTech product Opay; an e-wallet and merchant payment system running on mobile. More details on OPay at this link.
The OKash app now boasts of over 20,000 downloads from Google Play Store. Unlike most other loan apps in the market, this app is minimalistic in design. The APK is about 3 MB, and when installed it takes up about 7 MB space in your local storage.
Opera, famed for their Opera Mini browser that uses industry-leading mobile browsing compression technology, seems to be living up to its reputation of using as much resources on the user’s device as possible while giving the most productive experience possible.
Currently, OKash comes as a standalone app separate from OPay. However, in the near …read more
Read more here:: Opera’s OKash loan app has already disbursed $1 million