Pintec
Technology Holdings Ltd., a leading independent fintech solutions
provider, today announced a comprehensive strategic partnership with
Caissa Travel, a leading travel service provider in China.
Based on big data risk control and AI technologies, and together with Pintec’s rich experience in retail finance for the travel industry, the joint venture will provide installment payment services for Caissa Travel and other third-party platforms.
In
addition, Pintec will provide Caissa Travel with technology services
for its financial service system development and operation.
According
to Caissa Travel, commercial factoring is complementary to its travel
business. By providing installment payment services for travel-related
purchases to Caissa Travel and other consumption platforms, the joint
venture will help Caissa Travel increase sales of travel products,
enlarge the customer base, and improve the service capability.
Statistics
from China Tourism Research Institute show that China’s overseas
travelers continued to rank first in the world in 2018 with the total
number reaching 140 million, an increase of 11 million (13.5%) from
2017.
By
leveraging Pintec’s mature technologies and experience, Caissa Travel
hopes the partnership will create more value for the company and support
it to grow into a world-class travel brand.
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