Ant Group’s Huabei service enables Alipay users without credit cards to make online and offline purchases and repay these on instalment for up to 12 months. Photo: Weibo
Ant Group’s Huabei service enables Alipay users without credit cards to make online and offline purchases and repay these on instalment for up to 12 months. Photo: Weibo
Ant Group

Ant Group microcredit service Huabei feeds vast credit data to China’s central bank

  • Consumer credit data gathered by Huabei are now included in the financial credit information database run by the People’s Bank of China
  • Sharing Huabei’s data with China’s central bank forms part of Ant Group’s rectification measures, which are based on targets set by financial regulators

Ant Group’s Huabei service enables Alipay users without credit cards to make online and offline purchases and repay these on instalment for up to 12 months. Photo: Weibo
Ant Group’s Huabei service enables Alipay users without credit cards to make online and offline purchases and repay these on instalment for up to 12 months. Photo: Weibo
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