Users of Ant Financial’s Sesame Credit with a score of over 750 can now apply for Canadian visas without the need for submitting bank statements.
Sesame Credit now allows users to with high scores to receive a report containing information relating to their identity, including information about his or her finances, education, and assets, as well as contact details, from within the Alipay app. A lot of the data needs to be provided by the user, which includes information Sesame Credit may not already hold. Data related to spending and assets is that which is processed through Alipay.
Users are required to undergo a facial recognition scan to prove their identity and submit supplementary information before they can print the report to be submitted with their application.