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DBS partners with PChome to launch online credit services in Taiwan

By Edil Corneille

December 04, 2020

  • DBS
  • Singapore
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DBS, bank, Singapore, digital, payments, API, application programming interface, Asia, digital banking, credit, blockchain, TaiwanDBS Bank (Taiwan) has partnered with e-commerce brand PChome Internet Home to launch exclusive online credit ‘store fast loan’ service for individual sellers on the PChome shopping street. In a press release, the bank mentioned that as a digital bank, DBS is committed to providing customers with convenient and innovative digital financial solutions.

Through the exclusive online loan approval module, the entire process from application to loan approval and guarantee can be completed in 5 minutes, and the loan can be up to NT$3 million.

Lin Xinchuan, general manager of DBS Bank (Taiwan) elucidated that the bank has used its digital expertise to expand ecosystem partners, cooperate with PChome online family, and integrate PChome through API series. Database information and DBS Bank (Taiwan) credit standards have built an exclusive online loan approval module, allowing loan application, loan approval and guarantee to be completed online in one stop.

Zhan Hongzhi, chairman of PChome Internet Family said that many individuals who operate online store businesses often face the dilemma of unsatisfactory loans. For the needs of capital turnover and expansion of the scale of operations of businesses, the operating performance of the loan application stores will be analysed through the huge amount of data in the shopping street. Exclusive digital financial solutions will be provided and a win-win ecological business relationship with the stores will be created.

DBS Bank (Taiwan) ‘Shop Fast Loan’ service has been officially launched. After eligible sellers click on the application page, they can use API technology to link PChome store street seller information and operating data, and get them online instantly. The results of the loan and loan conditions can be known and the online guarantee can be directly carried out. There is no need to issue written information or face-to-face insurance. From now until February 28, 2021, sellers can enjoy a start-up fee of only NT$1,000 and a minimum interest rate of 2.68 per cent.

ALSO, READ: Lakshmi Vilas Bank is now amalgamated with DBS Bank India

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