FinTech Magazine - September 2021 | Page 93

HOME CREDIT VIETNAM of COVID , Anastasia ’ s mission was to quickly adapt to the changing market .
Seeing an increased number of online transactions and limitations of applying for physical cards , her team came up with the idea of a virtual card solution . Like an online loan with flexible payments , all customers had to do was apply through an app . Limits appeared instantly , allowing them to pay as needed .
‘ Home Credit , as the pioneer in the consumer finance market , has helped change the way people use financial products ’, Anastasia explains . ‘ Our automation system allows customers to apply for a loan and get a disbursement within 10 minutes . As a result , the company can quickly adjust
1997 Year founded
132,400 + Number of Employees
€ 14,7bn Revenue and innovate based on the way people shop during the pandemic ’. Following positive feedback , Home Credit Vietnam accelerated its push for virtual credit cards . Launched in May , the cards became available the first week of August . Now , customers can have a card in their app and use it to shop the same way they would with a physical card . In addition , the virtual credit card is entirely online and via Mobile App , from registration and usage to management . Customers only need to spend 30 minutes applying for the card . You can apply with only a few documents and access immediate offers : 2 % cashback for all online transactions , 45 % days of interestfree , 0 % interest rate with an equal payment
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