Pintec Technology Holdings Limited announced it has joined a partnership to help launch next-generation handset financing for China Mobile's subscribers. PINTEC, together with a national consumer financial company approved by the China Banking Regulatory Commission, will develop a digital lending solution for China Mobile Group Electronic Commerce Co. Ltd. ("China Mobile E-commerce"), a fully-owned subsidiary of China Mobile Ltd. that specializes in mobile payment technologies and operations. China Mobile E-commerce runs the carrier's Hebao business, an NFC-based mobile payment system that functions as a digital wallet targeting personal and institutional clients. Leveraging its financial technologies and rich experience in customer acquisition and point-of-sale financing, PINTEC's installment loan solution will help add an efficient financing option to Hebao that allows customers to buy mobile phones online and offline with zero or limited down payment. The installment loans will be fully covered by cash incentives offered by China Mobile, which means customers can enjoy price reductions averaged at RMB 1,500 ($222) on handset orders, depending on their line of credit, subscription plans, and incentive policies from province to province.