Is rongxin a formal payment platform?

Ordinary. Banyan Tree Loan is an intermediary. Its main financial institutions are China Industrial and Commercial Bank, China Construction Bank, China Bank, Bank of Communications, Postal Savings Bank and other financial institutions. This platform is protected by law and is a formal platform compiled by the Commercial Bureau. Therefore, when the borrower applies for a loan from Banyan Tree, the ultimate lender is the bank and other relevant mainstream financial institutions.