PINTEC Partners with Beijing EVERCARE on Installment Financing
BEIJING, Nov. 12, 2018 /PRNewswire/ -- Pintec Technology Holdings Ltd. ("PINTEC"; NASDAQ: PT), a leading independent technology platform enabling financial services in China, today announced that it has reached a cooperation agreement with Beijing EVERCARE, a leading player in China's medical beauty industry. PINTEC will provide Beijing EVERCARE with an efficient and customized installment payment solution, enabling Beijing EVERCARE to better serve its consumers with installment options.
Beijing EVERCARE provides medical aesthetic treatments and health management services for more than 200,000 consumers each year. The majority of its customers are white-collar workers aged 20 to 35, and females aged 36 to 50. Because of the relatively high price of such treatments, many consumers prefer installment payments to lower the financial burden.
With PINTEC's customized installment payment solution, consumers of Beijing EVERCARE can easily apply for installment financing. They can access through Beijing EVERCARE's official WeChat account or App, select their desired treatments and services in the online mall, and fill in their basic personal information. Based on advanced big data credit decisioning engine, PINTEC will complete its multi-dimensional credit risk assessment in just a few seconds.
"PINTEC's customized installment payment solution for the medical cosmetology industry can offer consumers one-stop service with superior digital credit experience," said PINTEC President Zhou Jing. "This is a good match with Beijing EVERCARE, which is striving to provide high level professional services. With the fast growth of the medical aesthetic market in China, we believe installment payments will be accepted by more treatment providers and consumers."
Founded in 1997, Beijing EVERCARE is the first large cosmetic chain group in China to engage in clinical, R&D and teaching in professional medical cosmetology. It now has nearly 30 hospitals in key cities around the country and provides treatments, including plastic surgery, body sculpture, injection plastic surgery, laser cosmetology, traditional Chinese medicine cosmetology, oral management, hair transplantation and other medical services.
China's medical beauty market has huge potential to grow. According to a Deloitte report in 2017, the medical aesthetic market in China is expected to reach $20.6 billion in 2020, accounting for 30% of the total global market.
Leveraging advanced technologies in big data and artificial intelligence, PINTEC has developed efficient installment payment solutions for the medical beauty industry, which not only offers consumers the financial option to enjoy their desired treatments and services, but also helps treatment providers evaluate and select credit-worthy consumers, said Zhou Jing.
About PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. It aims to leverage technology to advance financial services and to level the playing field by providing customizable and modular fintech solutions to institutions and their customers. In fields such as online travel, e-commerce, telecommunication, online education, SaaS platform, financial technology, internet search and online classifieds and listings, PINTEC provides solutions in relation to consumer finance, small and medium enterprises loans, wealth management and robo-advisory solutions, and online insurance product. PINTEC has launched two joint ventures to serve the Southeast Asian market: Avatec.ai (S) Pte. Ltd, formed in 2018 to offer credit services and solutions, while PIVOT Fintech Pte. Ltd ("PIVOT"), formed in 2017 to provide robo-advisory services. As of June 30, 2018, PINTEC had 183 business partners and 83 financial partners, including Qunar, Ctrip, China Telecom BestPay, Vip.com, Xiaomi and Minsheng Securities. For more information, please visit http://www.pintec.com/
SOURCE PINTEC
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