58 City and Asia United Financial reached a cooperation

DoNews, July 7 (Xinhua) - On the 7th, the city of 58 announced that it will cooperate with the Internet finance business of UAF, a domestic and foreign microfinance company, ("UAF"). According to the Memorandum of Understanding, 58 Joint Venture between City and Asia This strategic cooperation covers such aspects as online business promotion and sales, database sharing and product promotion, and cross-regional financial cooperation.

As part of its transactional support offerings to users, City 58 will make key recommendations (such as housing or car loans) prior to and during user transactions, introduce consumer financing services available from UAF, and Asia Allied Finance will have Targeted for 58 city users with customized financing products and financing services, and through a mature risk management system to effectively help 58 city users to control the risk.

After the long-term strategic cooperation is signed, 58 City and Asia United Finance will jointly develop a financial certification program based on the existing offline merchant certification system in the same city of 58 and will grant financial certification to potential businesses that may be eligible. UA Finance will help provide 58 pre-paid merchants in the city with alternative prepaid financial products.

In the future, the two sides will also discuss potential cooperation directions for P2P lending business. With the help of existing customer base and information technology support in 58 cities, data analysis support of Asia United Finance and lending platform management capabilities, the two sides will explore the establishment of a new P2P portal platform in due course possibility.

In addition, on the basis of further discussions between the two parties, both parties will cooperate in potential cooperation in innovative online banking business, including online loan applications and reimbursement, online credit audit and online financing service. Both parties will also cooperate in long-term strategic cooperation in domestic and overseas financial fields, The objectives include Hong Kong, China and Southeast Asia, forming a multi-lateral linkage of common customer groups and business products from online to offline.

58 Chief Strategy Officer of the same city Chen Xiaohua said that this long-term strategic cooperation will integrate the high quality resources of both parties to form complementary advantages and provide a more diversified and personalized online and offline Internet financial services for users with common focus, To help both customers access to a wider range of financing channels, enjoy better financial services, and jointly create the two sides of the Internet financial services brand. (Finish)