This platform is built on token technology and supported by UnionPay-bank clearing, and connects consumer finance company users with China UnionPay acceptance networks, establishing a consumer credit ecosystem. Through this platform, banks can more conveniently provide credit to consumer finance companies, while consumer finance companies can better manage risk. This bilateral support provides a powerful tool for achieving mutual benefits in finance.

The Consumer Finance Token has been deployed in batches in many small and medium-sized banks and has been warmly welcomed by users and financial institutions. On the platform, consumers can enjoy more convenient credit services, and consumer finance companies can better serve users. At the same time, banks can also expand their business scope and increase their sources of income through this platform.

Developed by Gifpay for Beijing Zhongguancun Bank,the Consumer Finance Token is an example of the current financial industry. It uses token technology and UnionPay-bank clearing support to build a bridge between consumer finance companies and banks, promoting the development of the entire consumer finance industry. In the future, this platform will continue to improve and provide better services and support for more users and financial institutions.

In December 2021, the Consumer Finance Token developed by Gifpay for Beijing Zhongguancun Bank was officially launched.