Is Huabei’s mediation notice true or false?

If your Huabei has been in arrears for a long time. It is possible that the person who sends you a mediation notice will be subject to collection.

The full name of Huabei is Ant Huabei. It is a consumer credit product launched by Ant Financial. After applying for activation, you will receive a consumption limit ranging from 500-50,000 yuan. When users are consuming, they can prepay Ant Huabei's credit and enjoy the shopping experience of "spend first, pay later".

On August 4, 2016, Ant Huabei’s consumer credit asset-backed securities project was listed on the Shanghai Stock Exchange. This was also the first Internet consumer finance ABS on the Shanghai Stock Exchange.

As of January 2018, Ant Financial has taken the initiative to invest 8.2 billion yuan in two small loan companies, raising the registered capital from 3.8 billion yuan to 12 billion yuan. On May 18, Huabei announced that it would open to banks and other financial institutions.

It was reported on September 22, 2021 that Huabei has been connected to the central bank’s credit reporting system. If users refuse to access, they will not be able to use it.

Application scenarios:

Industry insiders believe that banks and other financial institutions have capital and risk control experience, and Huabei has consumption scenarios and risk control data. Both parties have their own strengths and complement each other. . Therefore, cooperation can not only enable finance to truly serve the reasonable consumption needs of users, but also better control risks, reduce capital and service costs, and benefit the development of the industry.

Ant Huabei supports shopping in multiple scenarios. The previous main application scenarios were Taobao and Tmall, and most merchants on Taobao and Tmall can use it for payment.

Ant Huabei has stepped out of the Alibaba e-commerce platform and has access to more than 40 external consumer platforms: most e-commerce shopping platforms, such as Amazon, Suning, etc.; local life service websites, For example, Koubei, Meituan, Dianping, etc.; mainstream 3C official malls, such as LeTV, Haier, Xiaomi, OPPO, etc.; and some overseas shopping websites.

User feedback:

As soon as Ant Huabei was launched online, it was strongly sought after by online shoppers. Statistics show that 33% of Huabei’s users are born in the 1990s, 48.5% are born in the 1980s, and 14.3% are born in the 1970s. It can be seen that compared to other payment methods, Ant Huabei has attracted more new generation consumer groups.

For young users, the attraction of Ant Huabei is that they can make purchases with credit limit, and the interest-free period can be up to 41 days. Among Ant Huabei users, trendy girls and foodies have become the main force. Data shows that among the products purchased using Ant Huabei, trendy women's products such as women's clothing, accessories, beauty and skin care, women's bags, and women's shoes account for more than 20%; snacks, specialty products, beverages and other food products account for 10% Ranked second; followed by digital, maternal and child products, etc.

The data also shows that users use Ant Huabei to complete more transactions through mobile phones, with mobile transactions accounting for 60%. At present, Ant Huabei has implemented all mobile application operations, including function activation, bill inquiry, repayment, etc. Today, as mobile payment becomes increasingly popular, Ant Huabei is expected to become a killer mobile payment application.