1, shopping consumption
The consumption function is used to buy goods. When the expenses of goods and services paid by the cardholder in the process of shopping and consumption exceed the balance of his credit card account, the issuing bank allows the cardholder to make short-term overdraft within the prescribed limit. In essence, this is consumer credit provided by banks that issue credit cards to customers.
2. Transfer settlement
Transfer settlement, also known as "non-cash settlement" and "transfer settlement", refers to the monetary receipt and payment behavior of transferring money from the payer's account to the payee's account through the bank, which is mainly used for the monetary receipt and payment between units due to commodity trading, labor service provision and fund transfer. Transfer settlement is a form of monetary settlement.
It can be divided into two categories: settlement in the same city and settlement in different places. Its characteristics are: on the basis of bank credit, on the condition of deposit account, bank credit income and expenditure replace cash flow.
Step 3 save money
Savings is a kind of deposit activity in which urban and rural residents deposit temporarily unused or surplus monetary income into banks or other financial institutions. Also known as savings deposit. Savings deposits are an important source of funds for credit institutions. Saving English: Saving: Save money or things that have been saved or not used for the time being, especially in the bank.
4. Microfinance
Microfinance is a part of the financial industry and a development tool. The meaning of microfinance can include financial services and social services. It meets the financial and social needs of families and enterprises that have never or rarely received formal financial services. Therefore, the main target customers of microfinance institutions are low-and middle-income families and micro-enterprises.
5. Payment by installment
Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment.
Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.