Ping An Digital Bank is extending its Purchase Order Financing product to businesses that provide services across borders.
The Hong Kong digital bank offers financing of up to US$5 million per buyer against eligible invoices, without requiring physical collateral.
The bank launched Purchase Order Financing in September 2026 for cross-border e-commerce merchants. The latest expansion extends the product beyond goods trade to cover service trade.
How Ping An’s service trade financing works
Applicants must submit eligible invoices and proof of service delivery to qualify.
The financing offers repayment terms of up to 90 days. Disbursements can be made as quickly as the same business day.
Ping An Digital Bank uses alternative data, such as transaction and trade records, to streamline credit assessments. It also applies financial technology to speed up loan processing.
The original e-commerce financing product covers up to 95% of accounts receivable. It offers repayment periods of up to 120 days, with drawdowns available in as little as one business day.
Purchase order financing expands into service trade
“As more enterprises scale globally, we see surging market demand across logistics service, advertising campaigns, and AI solutions, making service trade financing a new strategic focus for Ping An Digital Bank,”
said Thomas Tung, Chief Business Officer of Ping An Digital Bank.
Tung said the bank has established a dual-track “Goods Trade + Service Trade” model to address the working capital needs of businesses across different trade segments.
Ping An Digital Bank received its banking licence from the Hong Kong Monetary Authority (HKMA) in May 2019 and operates as a wholly owned subsidiary of Lufax Holding, part of the Ping An Insurance Group.
The bank rebranded in March 2026, while trade-related enterprises accounted for the largest share of its business banking loan balance, according to its FY2025 annual results.
Featured image credit: Edited by Fintech News Hong Kong, based on image by mrsiraphol via Magnific
