Paygate launches Borrowing Company Inquiry Service ahead of online Investment-linked Financial Act Enforcement

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Paygate launches Borrowing Company Inquiry Service ahead of online Investment-linked Financial Act Enforcement


Ahead of the implementation of the Online Investment-linked Financial Industry and User Protection Act (hereinafter referred to as the "On-To Act" and the former "P2P Finance") on August 27 this year, Paygate will launch a service that can view loan-related data of the borrowing companies.


The initial model launched this time will provide information on the number and duration of inquiry requests except for the loan amount inquiry.
The On-To Law strengthens the limits on investment and loans of individuals and companies more than the existing guidelines, and applies the overall integrated limit on the platform-specific limits.

As it is a matter prescribed by law, it must be followed in the future, and there is an assignment that the system and structure must be improved for integrated application.

Paygate is a separate storage financial platform provider that manages and processes massive amounts of data such as investments, loans, and personal information of Seyfert members, and is promoting step-by-step development with the goal of integrated limit management.

First, it creates a window for viewing data about a borrowing company and then accepts it online and launches a data provision service.

Seyfert members will be provided with free inquiry of borrowing companies, and non-members will be charged a fee of 1,000 won per case.
Since then, plans to promote the provision of data for individual borrowers have been established.

Park So-yeong, CEO of Paygate, says she will spare no effort to continue to invest and service for the stable growth of Korea's Online Investment-linked Financial Industry.

Individuals or corporations reviewing startups in the Online Investment-linked Financial business can contact the Paygate Seyfert Team at “02-2140-2762”.

From licensing to preparing for start-ups, users can be provided with information necessary for all processes, such as setting up a website necessary for start-ups, platform setting-ups, public relations and marketing.

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