Asian Fintech 21st Financial Technology Introduces First iPhone Subscription Program in Taiwan with Local E-Commerce Giant PChome Group
TAIPEI, 28 September 2022 /PRNewswire/ — 21St Financial Technology Co., Ltd. (“21st Fintech”), a rapidly growing Asian fintech company with a gross payment volume of over USD 3 billionlaunched Taiwanese first and most flexible “12-month iPhone subscription program” on 9th of September. The introduction of the iPhone subscription program successfully caught the attention of the market, sparking a buying frenzy that resulted in pre-orders selling out within minutes, with the iPhone 14 Pro Max being the best-selling model.
For a starting price of USD 50per month, this subscription program includes exclusive insurance coverage and purchase priority for the most advanced iPhone models in the coming year without any upfront deposit. It also includes flexible cancellation and renewal options, offering customers, especially the new generation of customers, a breakthrough way to purchase the latest iPhone while enjoying more flexible spending options.
With headquarters in Taiwan21St Fintech delivers comprehensive payment solutions with integrated fraud management and credit solutions for both sellers and users. Its AI-powered solutions, based on 6,500 sets of feature data, process over 3 million requests per day with over 99.5% accuracy, providing frictionless experience to all customers. Along with the company’s strong credit scoring and management capabilities, 21St Fintech is one of the few Asian Fintech players showing solid growth with profitability. The flagship payment product, TapPay, will also be launched in Japan early 2023, followed by expansion in the SEA market to expand the Fintech ecosystem in Asia.
“Ours mission is to offer simple, accessible and reliable financial services to our customers. 21. Fintech continues to be a pioneer in technologyical breakthroughpp in fintech-related products i Taiwan after the launch of PayLater, the very-first BNPL mobile wallet, in May 2022. The 12-month iPhone subscription program offers five premium features tailored to your needs– the team for customer preferences: low monthly payment; no advance deposits; exclusive insurance; flexible renewal possibilities; and cancellation at no cost, breaks new ground in Taiwan‘s market. Customers can design their subscription plans in accordance with their own needs and with approved credit via our BNPL product, and enjoy one seamless and secure payment experience with just a click,” so Allan ChouCEO of 21st Fintech.
The key features of the 12-month iPhone subscription program are as follows:
- Low monthly payments from USD 50: With a 12-month subscription, customers can pay as little as USD 50 per month to buy the latest iPhone for less than retail price.
- Fast online approval with no upfront deposit: Anyone over the age of 20 is eligible to apply. To subscribe, customers can choose the specification and color of their phone depending on their budget and needs at PChome 24h Shopping. Once their online application is approved, customers can receive the latest iPhone in as little as 24 hours.
- Exclusive insurance: The subscription plan comes with exclusive phone insurance which entitles the subscriber to a one-off service or replacement of the purchased phone.
- Flexible renewal options: Renewing a subscription can be completed with just one click, as no new authorization is required upon expiration. Arrangements will then be made in the shortest possible time to pick up the old iPhone and deliver the new iPhone. Subscribers will not only get priority when buying the latest iPhone each year, but can also choose to extend their original plan without trading in their old iPhone.
- Free cancellation: After the 12-month subscription period, subscribers can enjoy flexible cancellation options if they decide to end their subscription by choosing to return or buy out their old iPhone without any additional interest or fees.
Please see the official website for more details and T&Cs –
About 21st Financial Technology (“21st Fintech”)
21st Financial Technology (“21st Fintech”) is a trusted and reliable Fintech platform based in Taiwan which has expanded to SEA and Japan. 21st Fintech offers a wide range of innovative and practical financial services such as flagship payment gateway, facilitation, fraud management and cash management solutions to merchants and customers on the back of data analytics tools and technologies. As of 2021, 21st Fintech’s ecosystem of products has helped more than 15 million customers and 2 million merchants with a GPV worth USD 3 billion.
To learn more, please visit:
Investor Relations: Email:[email protected]
SOURCE 21st Financial Technology Co., Ltd.
