Consumer finance company Home Credit Vietnam Finance Company Limited has announced that it is becoming a financial technology company to enhance customer service.

It said it is focusing on building big data to set up a fully automatic contract approval process, greatly easing the application procedure for customers.

One of the technology advances it has made is applications on mobile devices.

After it was launched in March 2017, the app was downloaded 1.5 million times as of the end of the year.

New customers can register for cash loans of up to VND80 million (US$3,500) online through the mobile app.

Ten years after it came to Viet Nam, the Czech company has more than 9,400 points-of-sale nationwide and signed up an average of one million new customers a year, 60 per cent of them in the 20 – 30 age range. — VNS