Consumer finance company Home Credit Vietnam said it had sales of nearly VND29 trillion (US$1.27 billion) last year, a year-on-year jump of 50 per cent. — Photo Home Credit Vietnam

Consumer finance company Home Credit Vietnam said it had sales of nearly VND29 trillion (US$1.27 billion) last year, a year-on-year jump of 50 per cent.

The number of customers rose to 7.2 million.

Last year the company launched new products including credit cards.

Its mobile application won the award for the 2017 “Best Consumer Finance Mobile App Vietnam” from International Finance magazine at a ceremony in Singapore recently.

Mobile application Home Credit Vietnam, launched in March 2017, has been downloaded more than 1.5 million times. It now has an average of 40,000 daily users with 5,500 people installing it on their smartphones every day.

Allan Meldgaard, head of online, said soon customers can register for cash loans online through the mobile app instead of meeting a sales agent like they have to do now.

The company offers loans of up to VND80 million ($3,500). — VNS