Chinese electronics giant OPPO is en route launching its very own financial services app in India, claims a new report on 91mobiles. Dubbed OPPO Kash, the app is likely to go live by the end of June 2020, a person familiar with the program revealed recently to the publication. The Beta version of the app is currently undergoing tests and will roll out as soon as all creases are ironed out.
Like Realme PaySa, OPPO Kash will offer hassle-free micro-loans at flexible repayment schedules to users. The app will be available on both Android and iOS platforms and will come pre-loaded in all future OPPO smartphones. OPPO Kash will feature UPI integration and allow users to purchase smartphones at east EMIs. The benefits of OPPO Kash can be reaped online as well as offline purchases.
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With OPPO and Realme being flag bearers of parent firm BBK Electronics, OPPO Kash was designed by FinShell, the same team behind Realme PaySa. With Reliance Jio recently introducing UPI payments to its popular app JioMoney, OPPO’s future is yet to be decided. The competition in the online payment realm is real with Google Pay, formerly Tez, securing the most popularity in 2019 with over 36 million downloads, and recording 50% YoY growth.
In related news, OPPO is scheduled to unveil the much-awaited Find X2 at the Mobile World Congress (MWC) in February 2020. The device is rumored to flaunt a 6.5-inch curved OLED display with a resolution of 3168 x 1440 pixels and draw power from a Snapdragon 865 SoC. The highlights of the OPPO X2 include the display with a 120Hz refresh rate and new Sony sensors such as Sony IMX689 and Sony IMX708. OPPO has also used its patented crescent-shaped camera at the rear, with a unique rotating mechanism. According to a report by Counterpoint, OPPO currently enjoys a steady market share in India, recording a 9 percent increase in popularity in 2019.
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