ZA Bank, in collaboration with Global Payments, is revolutionizing the credit assessment process for business loan applications in Hong Kong. This partnership aims to digitize and streamline the process, particularly for Global Payments’ merchants, eliminating the need for extensive document submissions.
By analyzing the actual business activities of the companies, ZA Bank’s automated loan decisioning approach provides a more accurate reflection of the credit health of Global Payments’ merchants. This innovative method removes the reliance on collaterals and financial documentation, making access to funding easier for SMEs in Hong Kong.
Devon Sin, Alternate Chief Executive at ZA Bank, highlighted the importance of supporting the SME community in Hong Kong’s economic growth. This partnership allows ZA Bank to leverage alternative data and Global Payments’ merchant network to offer convenient access to credit facilities tailored to the needs of businesses.
The goal is to provide timely support to SMEs and help unleash their growth potential in a challenging business environment. This collaborative effort between ZA Bank and Global Payments aims to create a seamless and customized banking experience for the future.
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