What is the Money Lending Business in E-commerce

Lovata Andrean

Money Loan Business in E commerce
Money Loan Business in E commerce

Rancakmedia.com – In this article we will provide information about what is a loan business in E-commerce? Online shop (e-commerce) e-commerce is a fast-growing industry in the digital economy. E-commerce is increasing rapidly as the internet and cell phones become cheaper which makes it easier for consumers to shop.

To attract consumers, the E-commerce Money Lending Business provides discount and rebate services to digital payments. The current trend is online loan offers.

One of them is Lazada. Alibaba's e-commerce aims to improve banking services for consumers. This campaign coincides with Lazada's 7th anniversary.

Lazada CEO Pierre Poignant stated the service finance can be part of the company's future. Lazada has invested a lot of effort into financial services.

What is the Money Lending Business in E-commerce

“The next step is financing, returns

"n bigger to our wallets, so we will continue to spend in that area," said Pierre Poignant as quoted by CNBC International, Wednesday (27/3/2019).

Last year, Lazada collaborated with small business fintech, Finaxar, to provide loans to MSME partners in the marketplace. Pierre Poignant said the next step may be additional financing solutions to make lending more efficient.

“With this data, we can evaluate loans more accurately. So I believe, in a sense, the future will be more efficient, faster and bigger, that's one part of it," added Poignant.

“In the second part, we will examine alternative sources of financing. For example, something that is very promising, I believe, is cross-border trade financing which we will also look at.”

What is an E-commerce Loan Business

Online Seller Financing is a short-term loan for active online sellers in e-commerce marketplaces that partner with Investree. Can be used by those of you who are just starting a business and need working capital, are looking for a loan to increase inventory or for other business needs.

Apart from Lazada, e-commerce Bukalapak has also entered online lending. It recently introduced the Partner Capital service. This is a lending service for shop owners with a maximum fund of IDR 10 million.

In this service, Bukalapak collaborates with three peer-to-peer lending fintechs, namely Amartha, Modalku, and TreeDana.

Sigit Suryawan, Associate Vice President Financing Solution Bukalapak, said this initiative makes it easier for small companies to modernize and helps shop owners who have limited capital to buy products in cash.

What is an E-commerce Loan Business

"This partner capital can be used by stall owners as additional capital to buy the products needed to sell stalls so that the quantity and variety of goods offered are more varied," he said in a press release obtained by CNBC Indonesia, Monday (25/3). 2019).

Tokopedia doesn't want to be left behind. The e-commerce company founded by William Tanuwijaya recently launched an Instant Funds Loan service. This product collaborates with KoinWork and Dana Pintar with an interest rate of 0,8 percent per month.

Conclusion

Lazada merged with Finaxar last year to provide loans to MSME partners on the marketplace. CEO Pierre Poignant said financial services may be part of the company's future. Bukalapsa partners with three peer-to-peer lending fintechs, namely Amartha, Modalku, and TreeDana. This is a lending service for shop owners with a maximum fund of IDR 10 million.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks