With the new advertising rules and regulations for legal money lenders in Singapore which forbids them to advertise on the newspapers and mass media. Money lenders are going tech savvy.
QR Code (abbreviated from Quick Response Code) Invented in Japan by the Toyota subsidiary Denso Wave in 1994 to track vehicles during the manufacturing process, the QR Code is one of the most popular types of two-dimensional barcodes.
Two Legal Money Lenders in Singapore Are Using QR Code to provide convenience for their customers.
Mr Tan from Successful Credit mentions, “With the new rules and regulations, newspaper marketing has become a thing of the past and forbidden. We have to move more towards technology and upgrade our marketing efforts.”
Individuals in Singapore seeking short-term cash loans can now apply for a loan discreetly and conveniently. Just with a scan, fill in their particulars on the application form and the process for the loan will take place.
“We implement QR Code to make the process of application convenient for our customer, just scan and fill in the application, “ said Mr Neo from Budget Capital.
Applicants now need to merely scan and fill in the short online form with name, phone, address loan amount and occupation. The process will take within 24 hours or less, and applicants will be notified regarding their loan approval.
Once approved, applicants are required to head down to the branches with their proof of Singapore citizenship, their original IC and their current pay slip and the loan will be handed out in cash.
Will the idea of QR Code benefit Legal money lenders in Singapore? Will it be a boost in marketing efforts? And will consumers find it more convenient?
How to scan a QR code reader with your smart phone 1. You must first have a web-enabled, smart phone (one that can access the internet and have a camera function) 2. Go to your phone’s app store and search for “QR” or “QR readers.” Depending on your phone, there are a number of good ones. Look for the star ratings and read the reviews to decide which one is best for your phone. 3. Activate app, and scan the QR Code About Budget Capital
About Successful Credit
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