Alipay can issue loans within seconds after issuing IOUs

Many people are not very familiar with the idea that Alipay can issue loans within seconds after issuing IOUs. Let’s take a look at this issue below.

Borrowing through Alipay is very safe and reliable. You can borrow immediately and pay immediately, and your account will arrive in a few minutes.

Alipay IOUs are based on loans from Alipay friends. Whether you can borrow money is not determined by the Alipay system. Instead, you need to apply for an IOU from your Alipay friend. If your friend agrees and there is a loan balance in your Alipay account, you can borrow the money. It is recommended that you contact a friend before borrowing money. After negotiation and the friend's consent, it is the best way to apply for an IOU from the friend. Otherwise, the friend will not know whether to do it himself. Alipay IOUs are compulsory repayments by the system. After the repayment period, the system will automatically transfer money from the Alipay account balance to the friend. This also ensures the security of the lender to a certain extent.

IOU is an application software developed by Ant Small Loan, which is used for personal loans between Alipay friends. Through IOU, users can borrow or lend.