Easing the payment problem

Students with a good credit rating can enjoy services without paying a deposit

Students with good credit records at Shanghai Jiao Tong University's Minhang campus are now enjoying more than 10 types of service, such as borrowing books, umbrellas and mobile power chargers, without needing to pay a deposit. They will also be paid in advance for part-time jobs.

It is the result of a joint project between the university and Ant Financial Services Group, Alibaba's fintech subsidiary, which was launched on Sept 15 with the aim of making the campus into the first one in China powered by the internet finance major's credit rating tool.