The "Yong e Tong" Financial Service System in Ningbo
Kunpay aggregates numerous financial institution channels to provide secure, convenient, and efficient cross-border remittance services, financing and loan services, one-stop letter of guarantee services, and online account opening services to corporate customers on the "Yong e Tong" platform in Ningbo Port. Ningbo Port is the second largest port in China and the third largest globally, covering over 200,000 import-export enterprises with an annual import-export value of RMB 3 trillion.
Kunpay has fully integrated with Ningbo Port and partnered with Industrial and Commercial Bank of China (ICBC), Ping An Bank, and other institutions to offer unsecured, credit-based loan services to large-scale enterprise customers. It is estimated that the platform's loan balance will reach RMB 15 billion by 2023.
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