Online merchant bank is the first bank in China to build its core system on the financial cloud. Based on the financial cloud computing platform, online merchant banks have the ability to handle high concurrent financial transactions, massive big data and flexible expansion, and can provide financial services for more small and micro enterprises by taking advantage of the Internet and big data.
At the same time, online business loans are an opening for shopkeepers to provide loans, which can be handled by personal credit without any mortgage or guarantee from borrowers. In other words, everyone can get money by virtue of credit, without worrying about getting back their collateral and collateral.
Alipay's online loan interest rate is not high, and the daily interest rate of online loan is between 0.03% and 0.05%. According to the identity of the user, the interest rate will also change. According to the highest daily interest rate of 0.05%, the annual interest rate is 18.25%, which is within 24%, within the legal scope and not high.
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On June 22nd, 20 14, Ali launched the advanced version of "Internet Financial Services", which will provide loan services to small and medium-sized enterprises of Ali's e-commerce platforms through banks such as China Bank, China Construction Bank, China Merchants Bank and Ping An Bank.
Many people in the industry believe that the core of this business is very similar to the main business of Ali Bank revealed by the regulatory authorities, so it can be regarded as the prototype of Ali Bank's main business, and the formal operation of this business is more like the early rehearsal of Ali Bank.
According to reports, the Internet finance business named Advanced Edition of Online Business Loan is not that Ali directly provides loans to SMEs, but that banks such as China Bank, China Construction Bank, China Merchants Bank and Ping An Bank provide loan services to SMEs.
Based on its big data capabilities, Ali provides banks with key information such as loan company orders and transactions, helping powerful SMEs to obtain bank loans quickly.
It is reported that this business will be first provided to Ali's foreign trade export platform, Datong, and foreign trade export enterprises will quickly apply for and obtain loans through the Datong channel; Subsequently, this business may be opened to Taobao and Tmall merchants one after another.
People's Network-Alibaba Bank teamed up with Bank of China and China Construction Bank to promote the advanced version of online commercial loans.