ZA Bank unveils business loan for Global Payments merchants

The virtual bank examines credit health based on business activities, amongst others.

ZA Bank has launched a new business loan within the Global Payments’ ecosystem, allowing for faster loan approval.

Eligible merchants under Global Payments can apply and obtain ZA Bank’s pre-approved credit facilities without the need to submit bank statements and financial reports.

Loan approval results for eligible Global Payments merchants can come in as fast as 3 days, ZA Bank said in a press release.

ZA Bank will make use of a credit modeling system that is expected to streamline the credit assessment process for business loan applications of Global Payments merchants.

ALSO READ: Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers

The virtual bank will examine the credit health of Global Payments merchants based on alternative data such as the company’s actual business activities.

Since 2021, ZA Bank has approved over HK$3.5b in loans targeting small and medium enterprises (SMEs).

Follow the link for more news on

ZA Bank

Also Read

South Korean banks’ bad loans rise in August

Australian mortgage arrears rise to highest in 10 years

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit