Hexindai Partners with China UnionPay to Launch a Mobile Payment Function to Its App

BEIJING, Aug. 2, 2017 /PRNewswire/ -- Hexindai Inc. ("Hexindai" or "the Company"), a fast-growing consumer lending marketplace in China, today announced that it has partnered with China UnionPay to launch its "Quick Pass" app on Hexindai's mobile platform. The app will allow investors on the Company's platform to use surplus funds that have not been lent out to pay for goods and services provided by stores partnered with China UnionPay by scanning a QR code created by the app.

"Quick Pass" was jointly developed by China UnionPay and various commercial banks to provide consumers with a fast, convenient, and safe mobile payment option using POS machines in various stores and realize mobile payment function.

"Hexindai Inc. is the first company in the industry to provide investors with a mobile payment solution that allows them to take advantage of funds that have not yet been loaned to borrowers on the platform," commented Mr. Xinming Zhou, Chief Executive Officer of Hexindai. "This function will make it easier for investors to transfer more money to our platform knowing that they can use surplus funds for their daily consumptions. This partnership should help to enrich the functionality of our platform, provide users with another convenient service for their daily lives, enhance our brand recognition, and boost user loyalty to our platform."

About Hexindai

Hexindai is a consumer lending marketplace based in Beijing, China that facilitates loans between borrowers and investors.

Media Contact

Hexindai Inc.
Wendy Xuan
Tel: +86 10 5985 6975
Email: media_hxd@hexindai.com

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