Ant Credit Pay Enters Healthcare Sector with Launch of Medical Installment Payment for Physical Examinations

On May 19, Ant Huabei announced a partnership with Huashan Hospital Affiliated to Fudan University in Shanghai and Alipay to launch medical installment payment services for individual consumers, with a maximum credit limit of RMB 50,000.

First deployment at Huashan Hospital as a pilot program

Huashan Hospital has integrated its high-quality in-house health checkup services into the Alipay Service Window. Users can directly book health checkup packages offered by Huashan Hospital through the Alipay Service Window and opt for installment payments via Ant Huabei, with repayment terms available over 3, 6, 9, or 12 months.

This integration with Huashan Hospital marks the first application of Ant Check Later (Huabei) in the healthcare industry. Huashan Hospital stated that it hopes to provide financial assistance to patients through this collaboration, thereby delivering more accessible and inclusive medical services.

Ant Check Later partners with Huashan Hospital to launch installment payment plans for health checkups, primarily targeting services at Huashan Hospital’s East Branch. The service is expected to officially go live next month, with future collaborations set to explore financial solutions for diagnosis and treatment, surgeries, hospitalization, and other healthcare processes.

150 Alipay Future Hospitals Await Integration

Ant Huabei is a consumer credit product launched by Ant Financial. Users can utilize their Huabei credit limit for purchases, enjoying benefits such as "pay this month, repay next month, with an extended interest-free period." Additionally, Ant Huabei offers installment payment options, allowing consumers to repay in installments.

It is reported that Ant Huabei was initially launched for use in online shopping, travel, entertainment, and other consumer scenarios. Currently, Ant Huabei is actively expanding into livelihood sectors such as healthcare, education, and public utility payments.

Shao Wenlan, Operations Director of Ant Huabei, stated that Ant Huabei will vigorously expand into the healthcare sector this year. “Healthcare, housing, and education are currently the three largest expenditures for consumers. Ant Huabei aims to leverage its product capabilities to provide inclusive financial services to a broader population in need of medical care.”

As of now, more than 400 hospitals across China have joined Alipay’s “Future Hospital” initiative. According to reports, in addition to Huashan Hospital, Ant Credit Pay (Huabei) has currently reached agreements with over 150 Future Hospitals, and will gradually collaborate with these institutions to launch internet-based consumer finance services tailored for patients seeking medical care.