Experian, the leading global financial information services company, said it plans to increase investment in the countries and regions related to the Belt and Road Initiative. It said the increased investment, especially in the Middle East, would better serve Chinese companies by offering them credit authorization, helping them link to cross-border trade partners and preventing fraud in overseas markets.

“Chinese companies are confronted with multiple challenges when going out to develop cross-border trade,” said Isaac Wang, general manager of credit services of Experian China.  He said the first problem was credit authorization.  “Moreover, they are not familiar with overseas markets, including local environment and spending habits, as well as the status of overseas partners and suppliers.”

Wang said Experian aims at helping Chinese companies cope with these challenges, grasp opportunities and expand businesses in the economies participating in the Belt and Road Initiative by using its rich experience in the credit services sector.

Source: China Daily