PYMNTS-MonitorEdge-May-2024

auto-backed lending

China Sees Rise In ‘Auto-Backed’ Small Business Lenders
China Sees Rise In ‘Auto-Backed’ Small Business Lenders
November 28, 2018  |  B2B Payments

Some alternative lenders in China have a unique way of mitigating the risk of borrower defaults: attaching a tracking device to borrower vehicles. Reports in...

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