Chinese Fintech Pintec Forms Partnership With Beijing Evercare For Installment Financing

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a new partnership with Beijing Evercare, a company that provides medical aesthetic treatments and health management service. Pintec reported that it will provide Beijing Evercare with an efficient and customized installment payment solution, enabling Beijing Evercare to better serve its consumers with installment options.

According to Pintec, Beijing Evercare offers its services to more than 200,000 consumers year, with the majority of its customers are white-collar workers aged 20 to 35, and females aged 36 to 50. Due to 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.

“[Consumers] 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.”

Speaking about the partnership, Pintec President, Zhou Jing, commented:

“PINTEC’s customized installment payment solution for the medical cosmetology industry can offer consumers one-stop service with superior digital credit experience. 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.”

PINTEC Successfully Listed on NASDAQ

The partnership with Beijing Evercare comes just weeks after Pintec announced it listed on NASDAQ. William Wei, Founder and CEO of PINTEC, stated at the time:

“Today marks a special day for PINTEC. We have strived to get here. I am very grateful to our team for their hard work, to our investors for their trust, and to our business partners and financial partners for their support. The listing does not mark the end, but rather, it is a gate to the future. We will continue to carry forward the vision and mission of PINTEC, providing the most efficient financial services to users all around the world through the latest financial technology.”

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