Pet Pet Home is a pet products and supplies retailer with physical stores rooted in Hong Kong for over 20 years. In recent years, it has also ventured into online retailing to capture new business opportunities.
Kevin Choi, Director of Pet Pet Home, had never applied for a loan before, considering that the traditional loan application and approval processes might tend to be slow and complicated, requiring a lot of supporting documentation. However, things took a turn when the company was introduced to CDI by a participating bank.
eftPay is an electronic payment service provider in Hong Kong. It has been assisting Pet Pet Home in collecting electronic payments in-store for more than a decade.
With the company’s consent, eftPay shared the payment data of Pet Pet Home with a CDI participating bank. Leveraging these alternative data, the bank was able to process and approve the loan application within weeks. Pet Pet Home could then make use of the additional funds to enhance its digital marketing strategy and participate in promotional activities such as pet shows. The company also had more resources to purchase in bulk and received better discounts. The bank and eftPay were able to build a better relationship with their client. Another mutually beneficial partnership has been established in the CDI ecosystem.
- Director of PetPetHome.com
55th Floor, Two International Finance Centre, 8 Finance Street, Central
Hong Kong
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