Ant Huabei also supports offline payment. If the merchant activates Ant Huabei, it is naturally possible.

Remember to repay on time.

Ant Huabei is a consumer credit product launched by Ant Financial. After applying for activation, you will receive a consumption limit ranging from 500 to 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.

Extended information:

This is a credit card-like service launched by Alibaba. When you shop on Alibaba’s shopping platform, you can choose to use Ant Pay with Huabei, and the repayment date is before the 10th of the month following the day you confirm receipt of the goods. Pay back the money you spent.

Ant Huabei grants users consumption quotas ranging from 500 to 50,000 based on comprehensive considerations such as consumers' online shopping conditions, payment habits, and credit risks, through big data calculations, and combined with risk control models.

Ant Huabei’s quota is granted based on the user’s accumulated consumption, repayment and other behaviors on the platform. Users’ various behaviors on the platform are dynamic and changing, and the corresponding quota is also dynamic. When If the user behaves well within a period and complies with the quota increase policy, the corresponding quota may be increased. Ant Huabei cannot be opened or raised through others. Please do not trust others and leak personal information.

Users can advance Ant Huabei’s credit when making purchases and repay on the 9th of the next month after receipt of the goods is confirmed. The interest-free period can be up to 41 days. In addition to the consumer experience of "buy this month, repay next month, super long-term interest-free", Ant Huabei also launched the Huabei installment function, where consumers can repay in 3, 6, 9, or 12 months.

The 10th of every month is the repayment date for Huabei. Users need to pay off the Huabei bills that have been generated on the repayment date. On the due date of repayment, the system will automatically deduct the balance of Alipay account, Yu'E Bao (requires Yu'E Bao deduction function), and debit card quick payment (including card) to repay the unpaid portion of the bill. You can also take the initiative to make repayments. To avoid overdue payments, please ensure that your Alipay account has sufficient funds. If the payment is overdue, a late fee of 0.05% will be charged per day.

Please refer to the encyclopedia