Saturday, 30 November 2019

Pintec Teams up with Caissa Travel to Jointly Explore Intelligent Retail Financing Services

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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