An online store owner applies for a loan through a MYBank mobile phone app in Jingdezhen, Jiangxi province. Private banks in China are increasingly using cutting-edge technology and expertise to offer cost-effective services to micro and small enterprises. MYBank, the online lending offshoot of Ant Financial Services Group, wants all Chinese mom-and-pop shops to be able to apply for and …
A pedestrian walks past an MYBank, the online lending affiliate of Ant Financial Services Group, said on Thursday it aims to extend financial services to 30 million small-and-micro enterprises and individual businesses in China over the next three years by teaming up with 1,000 financial institutions. The bank would do this by opening up technological capabilities to its partners such …
