Use Alipay to scan the QR code in the upper left corner of the VAT invoice to get a loan.
On September 19th, the online merchant bank launched a new small and micro enterprise loan tool, the invoice loan, and the small and micro enterprise used the Alipay to sweep the invoice to obtain the loan. This new service will be piloted in Guangdong, Jiangsu, Zhejiang, Hebei, Henan, Anhui, Hunan, Jiangxi, and Shaanxi provinces, covering 30 million small and micro businesses at one time.
The specific operation method is that the business owner uses Alipay to scan the QR code in the upper left corner of the VAT invoice, and authorizes to provide his own past tax information, so that he can check his loan amount in the online merchant bank. It takes only a minute or two to measure your loan amount, which is ready to use.
In addition, The online merchant bank even launched a preferential policy: within five days of September 19-24, after the small micro enterprise sweeps the invoice and gets the quota increased, 10 The loan interest for the day will be fully paid by the online merchant bank. This new approach is expected to be rolled out nationwide during the year.
The reason why Alipay can do this is because it has opened up tax information and introduced business and credit data outside the Ali system. In the past, the credit data of Ant Financial was mainly the E-commerce data of Alibaba Group and the Internet finance data of Ant Financial. It does not reflect the overall picture of the credit status of a person or a company.
After introducing tax information, even if a small and micro enterprise has not previously deposited data in the Ali system, it can obtain loans from the online merchant bank. Ant Financial Service said, After using this new loan method, the trial loans of small and micro enterprises in the nine provinces will increase by an average of three times, and the small and micro enterprise loans of excellent tax records will increase by an average of 8 -10 times.
In 2017, the target set by the online merchant bank was “serving 30 million small and micro enterprises in 3 years”. The implementation of invoice loans will expand the range of small and micro enterprise customers of online merchant banks, especially those in sinking markets.
The data of Ant Financial Service shows that in 2018, the online merchant bank provided more than 1 trillion yuan of financial support for small and micro operators, 96% of which were distributed to small and micro operators with loan amount less than 1 million yuan. More than 3 million offline micro-operators obtained loans from online merchant banks. Among them, the growth rate of loans for small and micro operators in China’s third- and fifth-tier cities exceeded 120%, far exceeding that of first- and second-tier cities, indicating that the Chinese economy is sinking in an active market.
It is worth noting that the non-performing loan ratio of online merchant banks is 0.78%, which is lower than 1.74% (2017) of commercial banks, but compared with the overall non-performing loan ratio of private banks (0.5).3%) is still relatively high.
Jin Xiaolong, the new president of the online business bank, said in an interview with the news that citing tax information will help reduce the non-performing rate. “With invoice data and other business data, you can observe the customer as a whole.” The business behavior, to give customers a more comprehensive and objective portrait. So we can more clearly recognize the credit of this customer, it can give customers a higher credit line, lower interest rates.” Jin Xiaolong said.