BEIJING, Feb 21, 2019 /PRNewswire/ -- Pintec Technology
Holdings Ltd. ("PINTEC") (NASDAQ:
PT), a leading independent technology platform enabling financial
services in China, today announced
a partnership with Xiaomai Zhujiao, a leading provider of education
management software systems in China, to jointly develop a consumer financing
solution for education and training institutions.
Based on its "SaaS+" service platform, PINTEC will cooperate
with Xiaomai Zhujiao to develop a consumer installment payment
system. PINTEC will leverage its accumulated experience and
customers in the education market to support Xiaomai Zhujiao in
product development, business operation and financial ecosystem
development and further drive its digital upgrades.
Xiaomai Zhujiao provides software solutions for academic
management, admission promotion, home-school interaction and
financial management, covering 92 percent of offline scenarios for
Chinese education and training institutions. The digital
installment payment solution, developed by PINTEC and Xiaomai
Zhujiao, will be adopted by partner education and training
institutions of Xiaomai Zhujiao.
With this solution, Xiaomai Zhujiao's partner institutions can
offer their consumers convenient and flexible installment payment
options. Consumers can easily apply for installment loans for their
selected education programs. By supplying basic personal
information, the credit assessment and decisioning will be
completed in just a few seconds.
"PINTEC has been devoted to developing digital installment
payment solutions for the education industry for years," said
Zhou Jing, president of PINTEC.
"Based on big data and artificial intelligence technology, PINTEC
and Xiaomai Zhujiao can accurately assess education institutions
and their consumers, and enable offline institutions to provide
efficient education installment loans services for their
consumers."
"We at Xiaomai Zhujiao believe in changing education with
technology," said Jun'er Zhu, CEO of Xiaomai Zhujiao. "Combining
our experience with education institutions and understanding of the
education market and PINTEC's advanced technology, the digital
installment payment solution creates a new transaction method for
offline education institutions and provides convenient financing
experience for consumers."
PINTEC's digital consumer financing solutions have been adopted
by a number of business partners, including without limitation
Ctrip, Qunar, Hujiang Education, Vip.com, Shefenqi and Evercare. In
October 2018, PINTEC launched a new
and lighter installment payment solution that can be developed in
only a few days through partners' WeChat account or a QR
code.
"With PINTEC's modular technologies, we can make flexible and
customized adjustments for Xiaomai Zhujiao and complete the process
in a few weeks, from negotiation, deployment to launch online,"
said Yijie Yue, head of PINTEC's
consumer finance business.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Forward-looking statements involve inherent risks, uncertainties
and other factors that could cause actual results to differ
materially from those contained in any such statements. Information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of this press release, and PINTEC does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under applicable law.
About Xiaomai Zhujiao
Xiaomai Zhujiao is a leading provider of education management
software systems in China. It is a
pioneer in mobilizing and digitalizing the education industry. Its
systems have covered 92 percent of offline scenarios for education
and training institutions, saving 56 percent in time for operation
management and improving 67 percent in customer satisfaction and
renewal rate. Xiaomai Zhujiao aims to leverage technology to
improve the core competitiveness of education and training
institutions and help institutions realize overall
profitability.
About PINTEC
PINTEC is a leading independent technology platform enabling
financial services in China. With
its mission to "Power the Future of Finance", PINTEC aims to
advance financial services by providing customizable and modular
fintech solutions to its financial and business partners. In fields
such as online travel, e-commerce, telecommunications, online
education, SaaS Platforms, financial technology, internet search,
and online classifieds and listings, PINTEC enables financial
services for institutional partners with point-of-sale financing
solutions, personal installment loan solutions, business
installment loan solutions, wealth management solutions and
insurance solutions. PINTEC's services include: consulting
services, SaaS technology services and other value-added services.
PINTEC has cooperated with a number of business partners and
financial partners, including without limitation Xiaomi, Qunar,
Ctrip, China Telecom BestPay, Vip.com, shouqianba.com, Minsheng
Securities, Orient Securities, Yunnan Trust, Guoyuan Securities,
China National Investment & Guaranty Corporation, Fullerton
Financial Holdings. PINTEC has launched two joint ventures to serve
the Southeast Asian market: Avatec.ai (S) Pte. Ltd, formed in 2018
to offer credit assessment services and solutions, while PIVOT
Fintech Pte. Ltd ("PIVOT"), formed in 2017 to provide robo-advisory
services. On October 25, 2018, PINTEC
was officially listed on the Nasdaq Global Market with American
depositary shares trading under the symbol "PT".
For more information, please visit www.pintec.com
Media Inquiries, please contact:
PINTEC
Annie He
Phone: +86 (10) 8564-3436
yini.he@pintec.com
ICR Inc.
Edmond Lococo
Phone: +86 (10) 6583-7510
Edmond.Lococo@icrinc.com
View original
content:http://www.prnewswire.com/news-releases/pintec-joins-forces-with-xiaomai-zhujiao-to-enable-installment-financing-for-education-institutions-300800170.html
SOURCE PINTEC