Answer: In summary, it is unreliable, investment is risky, and users need to be cautious.
Xiaohua Wallet
Xiaohua Wallet is an Internet wallet created by Xiaohua (Xiamen) Internet Financial Information Services Co., Ltd. (referred to as "Xiamen Financial Services") for young people, providing cash loans , credit card repayment and installment shopping services. Adopting the fast approval model of "biometric technology and big data credit rating", we create an online borrowing experience of "free application, fast approval, fast lending, and loan and repayment at any time".
The developer is Xiaohua (Xiamen) Internet Financial Information Services Co., Ltd.
Product Features
1. Convenient application: purely online application, approval in seconds, Scan your face to get your credit limit for free
2. Cash loan: Quick loan, ultra-low rates, borrow 1,000 yuan, daily fee as low as 50 cents
3. Credit card repayment: Xiaohuadai You pay back the credit card, and you pay Xiaohua back in installments; the rate is as low as 30% off for the bank, 1,000 yuan is repaid, and the monthly fee is as low as 5
4. Xiaohuamao: The installment mall is coming, with discounts for installment shopping, in advance Enjoy a quality life. [1].7 yuan
Core members
The core members of Xiaohua Wallet have more than 10 years of service experience in the financial and Internet fields. 55 members of the team come from well-known financial institutions such as CITIC, Ping An, China Merchants Bank, Guangfa, Weizhong, Home Credit, etc., and 45 members come from Tencent
Background Advantages
Xiamen (Xiamen) Internet Financial Information Services Co., Ltd. ("Xiaohua Financial Services" for short) is an Internet financial services company under CITIC Industrial Funds, which manages a fund scale of nearly RMB 80 billion. [1]
Product incident
On July 16, 2019, the APP special governance was established under the guidance of the Central Cyberspace Administration, the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Administration for Market Regulation. The working group issued the "Notice on Urges 40 App Operators with Problems in Collection and Use of Personal Information to Make Rectifications as soon as possible." Xiaohua Wallet was named by the working group because it had problems with the use of mobile phones for personal information and did not disclose effective contact information. The rectification must be completed within 30 days from the date of issuance of the "Notice" and a rectification report submitted to the working group. If the rectification notice is not received or the rectification is not completed within the time limit, the working group will recommend relevant departments to deal with it.