Meituan and PSBC cooperate and launch joint debit card

On August 11, Meituan and Postal Savings Bank of China(PSBC)jointly launched a debit card named after PSBC and Meituan, on their strategic cooperation agreement signing ceremony in Beijing.

On August 11, Meituan and Postal Savings Bank of China(PSBC)jointly launched a debit card named after PSBC and Meituan, on their strategic cooperation agreement signing ceremony in Beijing.

According to the cooperation agreement, PSBC and Meituan are going to carry out further cooperation in online financial services, credit cards, debit cards, individual loans, and financial services for small and micro enterprises, by integrating each other’s advantages in capital, network, traffic, technology, scenarios and etc.

The PSBC and Meituan will jointly promote financial services such as one-click card binding, joint debit cards, and joint credit cards. They will build together the online and offline service scenarios to upgrade customer experience. Also, they will innovate in product models and business patterns to provide better and efficient financial services to individuals and the small and micro enterprises, by the means of big data and smart risk control technology.

Postal Savings Bank of China, with 40,000 branches across China and more than 600 million individual customers, is dedicated to serve the most active customer groups during China’s economic transformation, including the rural and urban residents, as well as the small and medium-sized enterprises.

Meituan, as China’s leading e-commerce platform for life services, is building a multi-level technology service platform from the demand side to the supply side with “eating” as its core. The business of Meituan covers more than 200 categories including catering, takeaway, hotel booking, traveling, leisure and entertainment, in 2800 cities and counties in China.

The number of Meituan’s annual transaction users reaches 450 million, with 6.1 million active merchants.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/15/meituan-and-psbc-cooperate-and-launch-joint-debit-card/.

Leave a Reply

Please Login to Comment