No need.

In the past, when Chinese people wanted to rent a car abroad, they generally needed to swipe their credit card for pre-authorization, which meant freezing a portion of the credit card limit as a "deposit." Now, users can enter the car rental platform through Alipay and select yesaway. In the "Vehicle Deposit (Pre-Authorization)" column, select Zhima Credit to complete the reservation without deposit, waive the credit card guarantee deposit, and conveniently pay for car rental related expenses through Alipay.

It is understood that Car Rental is the preferred car rental platform for Chinese tourists to drive overseas, with a market share of 76.2%, and yesaway is also the most popular international car rental chain brand among Chinese tourists. Yesaway currently offers deposit-free car rental at its five major airport stores in Los Angeles, Bangkok, Chiang Mai and Phuket, as well as Christchurch, New Zealand.

As the first overseas merchant to implement deposit-free services, Zhang Xiao, head of yesaway’s China market, said in an interview that the development trend of deposit-free and mobile payments in various industries in China is eye-catching. The introduction of Sesame Credit Fenhe Alipay payment is to serve more Chinese tourists and hopes to solve the pain points of low popularity of credit cards and high exchange costs among Chinese people in overseas car rental scenarios.

Hu Tao, general manager of Sesame Credit, said that eliminating deposits is the most important thing for Sesame Credit at this stage. He hopes to work with merchants to waive deposits for users with good credit, lower the threshold for use, improve user experience, and at the same time work with merchants Address risk concerns and insecurities together.