What is an online merchant bank? Is it a regular bank?

The online merchant bank is a pure Internet-operated bank with no physical outlets. It is one of the first five private banks approved by China Banking Regulatory Commission and officially opened on June 25th, 20 15. It's a regular bank. Online merchant bank is the first bank in China to build its core system on the financial cloud, providing services for small and micro enterprises, mass consumers, rural operators and farmers, and small and medium-sized financial institutions.

The online merchant bank initiated by Ant Group as the major shareholder is a joint-stock commercial bank. The full name of Zhejiang Online Merchant Bank Co., Ltd. is located at Floor 65438 18- 17, Delixi Building, No.28-38 Xueyuan Road, Xihu District, Hangzhou, Zhejiang Province. Its business scope includes banking business. Securities investment fund sales service.

Shareholders of online merchant bank (according to Aiqicha) include Zhejiang Ant Microfinance Service Group Co., Ltd., Shanghai Fosun Industrial Technology Development Co., Ltd., Wanxiang Sannong Group Co., Ltd., Ningbo Jin Run Asset Management Co., Ltd., Hangzhou Doctor He E-Commerce Co., Ltd. and Gold Food Co., Ltd. ..

Loans provided by online merchant banks include online merchant loans. At the time of processing, the borrower must be 18-65 years old, have opened an Alipay account, and have a good personal credit. When handling a loan, you can choose to repay it in up to 24 installments, and you can use funds from different accounts to repay it. Usually, before the repayment date 12, you can recharge enough money to Alipay balance, Yu 'ebao and bound bank card, and then the system will automatically deduct the money.

The above is the answer to what an online merchant bank is and whether an online merchant bank is a regular bank. Please pay attention to more financial knowledge.