PINTEC Customizes Installment Payment Solution for Global Rehab Technology Leader Permobil

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BEIJING, Oct.11, 2018 /PRNewswire/ — PINTEC Technology Holdings Limited (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced a partnership with Permobil, a global leader in advanced rehab technology. PINTEC will provide Permobil with a creative, customized and efficient installment payment solution that makes it easier for customers in China to purchase wheelchairs and rehabilitation products.

PINTEC’s scalable and reliable technology infrastructure, based on cloud computing, big data analytics and artificial intelligence, offers exceptional connectivity and adaptability for partners to integrate with their own systems. PINTEC’s customized installment solution is embedded into Permobil’s official WeChat account. Customers can choose the installment option when they make purchase through Permobil’s WeChat mall. With relevant information filled in by customers, PINTEC can complete multi-dimensional risk assessment and decisioning in a few seconds. After approval, customers can buy their desired wheelchairs and rehabilitation products with the option of 3-, 6- or 12-installment payments.

“The installment financing solution from PINTEC helps lower the barrier to buy wheelchairs and rehabilitation products,” said QP Chau, General Manager of Permobil China. “This is a new attempt in consumer financing in China, and will be conducive to the expansion of China’s rehabilitation equipment market.”

Installment financing has been widely adopted in e-commerce, online travel and online education industries in recent years. However, in niche markets with high prices and low purchase frequency, it is still a challenge to deploy installment payments solutions.

“PINTEC can develop customized installment solutions in only a few days by connecting with partners’ app and Wechat account, or by a QR code,” said PINTEC’s president Zhou Jing. “With PINTEC’s customized and modular technologies, our partners can enjoy efficient, flexible and comprehensive consumer financing solutions.”

About PINTEC

PINTEC is a leading independent technology platform enabling financial services in China. It aims to leverage technology to advance financial services and to level the playing field by providing customizable and modular fintech solutions to institutions and their customers. In fields such as online travel, e-commerce, telecommunication, online education, SaaS platform, financial technology, internet search and online classifieds and listings, PINTEC provides solutions in relation to consumer finance, small and medium enterprises loans, wealth management and robo-advisory solutions, and online insurance product. PINTEC has launched two joint ventures to serve the Southeast Asian market: Avatec.ai (S) Pte. Ltd, formed in 2018 to offer credit services and solutions, while PIVOT Fintech Pte. Ltd (“PIVOT”), formed in 2017 to provide robo-advisory services. As of June 30, 2018, PINTEC had 183 business partners and 83 financial partners, including Qunar, Ctrip, China Telecom BestPay, Vip.com, Xiaomi and Minsheng Securities.

For more information, please visit www.pintec.com

About Permobil

Founded in 1967, Permobil is headquartered in Sundsvall, Sweden, and has branches in China, US and France. Its rehabilitation products include electric wheelchair (Permobil™), manual wheelchair (TiLite™), anti-pressure sore cushion (ROHO™), and wheelchair back (Comfort Company™). Its products have been sold to more than 80 countries and regions worldwide. Permobil founder Doctor Per Uddén believed that helping people achieve the greatest level of independence is a basic human right and, for over 50 years, Permobil has held fast to that belief. Permobil is proud to be the global leader in advanced medical technology, forever striving to understand our users’ needs and improving their quality of life through state-of-the-art healthcare solutions. Today, these solutions include power wheelchairs, seating and positioning products, and manual wheelchairs. Permobil is part of Patricia Industries, a subsidiary of Investor AB and is headquartered in Sweden. Permobil has 1600 team members in 17 countries around the world. For more information regarding the company’s storied history and complete product line visit permobilus.com.

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SOURCE PINTEC