According to the annual performance report of “Digipay”, this company has allocated 6.5 thousand billion tomans of microloans to 200 thousand users in one year.
According to Iran digital economy annotation, The one-year performance report of DigiPay from Dey 1401 to Dey 1402 indicates that the company granted a total of 6.5 thousand billion Tomans of microcredit to its users, which has grown by 200% compared to last year.
In its fourth annual report, DigiPay called the last year a stressful year for this company active in the field of payments and landtech and pointed out problems such as the decrease in purchasing power of various segments of the society and continued concern due to the possibility of widespread Internet outages.
Loan for the purchase of goods for 200 thousand people
By stating that the loan for the purchase of goods is a subset of Digipay’s credit services that are allocated to end users, the purpose of this service is to increase access to financial resources and services, to improve the purchasing power of various segments of the society, and added that this service is a record Annually, 4.2 thousand billion tomans of credit have been allocated and the net promotion rate of 60.71% has been achieved.
As a facilitator of access to credit services, Digipay provides this service in two forms, individual and organizational. In the individual model, real people can apply for a Digipay loan without the need for a guarantor and only by providing bank validation and electronic promissory note or Sayadi’s check and receive one of the amounts of 10, 20, 30, 40 or 50 million Tomans.
Digipay loans are granted with installments of 6, 9 and 12 months, and more than 200,000 people have received these loans in one year.
Aiming to increase the loan amount
In 1402, Digipay offered 75 million and 100 million tomans loan plans to some sections of the society in a limited way, emphasizing the widespread acceptance of these loans, and announced that he is trying to increase the amount of loans in the next year with the cooperation of banks. increase the grant. Of course, according to the announcement of this company, the most popular amount of loans for users was the loan of 30 million tomans.
Partner stores and in-person branches
Digipay now cooperates with more than 50 online and physical stores that offer more than 13 million different products to users in installments. Registration and submission of documents to receive a loan are provided online; But for people who have problems with online registration, three branches in Tehran and one branch in Alborz province have been equipped.
According to this report, the share of face-to-face applications for Digipay loans was 4%. Also, last year, receiving a loan with an electronic promissory note was also activated in cooperation with Bank Tejarat in Digipay, and in this way, people who do not have a checkbook can receive a loan from this company.
On the other hand, due to the speed of the electronic promissory note issuance process, the average time to receive a loan has decreased and has reached 73 minutes in the shortest time.
Popular goods of borrowers
But what kind of goods do those who get small loans from Digipay buy the most? According to the report, in the past year, more than 12 million items of goods were purchased with a Digipay loan, among which, the most popular product groups for borrowers were electronic equipment, supermarket goods, jewelry, electrical household appliances, and health cosmetics, and mobile phones were also purchased. It was iPhone 13.Interestingly, more than 1,700 parents have bought diapers for their newborn children with a Digipay loan.
Also, the third day of Azar, which is called Black Friday, is the most requested day of the year, with a 180% increase in requests compared to the daily average.
1100% growth of BNPL
Another service offered by Digipay is the possibility of credit purchase or “Buy Now, Pay Later (BNPL)” service.
Digipay reported that in one year from January 1401 to January 1402, the amount of credit purchase service usage increased by more than 1100% and the amount of purchase credit allocation increased by more than 130%.
In the meantime, basic goods and cosmetics were the most popular products for credit purchases last year, and the most popular purchased item was the automatic. Of course, the most popular goods for men are slightly different from women; Men have been more interested in buying basic and automatic goods, and women have spent their credit more on buying basic goods and cosmetics.
The credit purchase record is also held by Khanoumi, who spent more than 669 million Tomans in 181 credit purchases in the mentioned year.
The most popular products for this lady are cosmetics, fashion, clothes and books.
Accountable users
Digipay’s statistics indicate the appropriate return of allocated credit or relatively low defaults. In the case of loans, the majority of users have repaid their loans early, on time or up to 15 days after the due date.
In the case of purchase credit, only 5% of users have been delayed for more than 15 days after the repayment deadline, and 46% of users have repaid the received credit earlier or on time.
Statistics from superapplication
Another part of this report is dedicated to the statistics related to Digipay superapplication. The annual performance report of Digipay indicates that in the given year more than 4.2 million card-to-card transactions were processed in this super application and the total amount of processed transactions was more than 9.9 million. Also, more than 33 billion tomans of charity transactions have been done through this super application.
The annual performance report of Digipay contains various and other useful statistics that you can read here.
It should be mentioned that “Iranian Virtual Payment Innovators Company”, which operates under the brand name “Digipay”, started its activity in Tir 2017 and unveiled the first version of its application in Esfand of the same year.
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