Criteria for choosing a safe and reputable prepaid postpaid service
Pre-paid service – the market grows like “mushrooms grow after the rain”
Buy now – pay later is a service that allows users to use a certain amount of money in advance (credit limit) and pay later. To pay the advance, users have two options: Pay the entire amount used within 30 – 45 days with 0% interest, or split the payment into several terms with interest rate. depending.
According to a report by Research and Markets, in 2021, the form of pre-paid post-purchase in Vietnam will be worth more than 697 million USD, growing by 71.5%/year. This figure shows that buying first, paying later will be more and more popular among Vietnamese consumers.
The consumption trend of Vietnamese consumers during the Covid-19 epidemic is a necessary and sufficient condition for many foreign technology organizations to assess the potential level of the market. According to the Facebook report on digital transformation in consumption trends, Vietnam is expected to be the second largest market among Southeast Asian countries in terms of online shopping value, which shows that the Vietnamese market is definitely is a delicious piece of cake that financial technology companies (Fintech) cannot miss.
Pre-paid post-purchase service grows like “mushrooms grow after rain”
Criteria for choosing a safe and reputable prepaid postpaid service
Many foreign banking partners, e-wallets, and Fintech companies provide pre-paid post-purchase services, so what are the criteria for Vietnamese consumers to trust and choose wisely?
1. Confidentiality and safety in transactions:
This seemingly insignificant criterion, but in the digital age, all information about customers is likely to be stolen and shared without the consent of the user. Because the profile is easy to apply, the possibility of losing personal information to other credit partners is quite possible.
This can cause unwanted consequences, such as strange transactions, registration of services without the consent of the customer. Therefore, consumers need to pay attention to the steps when paying, for example, choosing a unit with 2-layer security via SMS or Email.
2. Transparency of fees
Utility services always come with certain costs, so if the unit is not clear about costs, such as registration fee, maintenance fee, management fee, conversion fee, interest rate, penalty fee…. Please ask for specific advice or choose transparent partners to avoid paying unexpected fees.
Examples of fee transparency include Kredivo, an application that helps link users with prepaid postpaid needs and financial institutions that are attracting attention recently. Information about interest rates and fees are announced on the website Kredivo Vietnam and on the application screen when the user reaches the transaction confirmation step.
Kredivo – An application that supports linking users who want to buy prepaid and postpaid and financial companies
3. Credit limit suitable to needs and ability to pay
An appropriate credit limit is an important criterion to decide on a prepaid postpaid service. When registering for a limit, it is necessary to avoid cases where the limit exceeds the ability to pay, leading to difficulty in controlling spending. In case the limit is low, the payment and payment of expenses will be interrupted.
At the present time, financial units will grant a limit from VND 2,000,000 to VND 10,000,000. Consumers should rely on their needs and ability to pay to choose the right partner, without affecting their personal credit score.
4. Documents and procedures
In general, current pre-paid post-purchase services do not require too strict requirements on records, the quick review process helps to limit the waiting time of users. On average, registration takes only 5 minutes and approval is within 24 hours.
Hopefully, with the above sharing about the criteria when choosing a prepaid postpaid service, consumers will have more information to learn and choose a safe, reputable credit partner to meet consumer needs. personal.
at Blogtuan.info – Source: genk.vn – Read the original article here
