China Turns Credit Scoring Into A Game
The Chinese government will roll out a platform that rewards citizens with high scores and penalizes those with low ones
Through a collaboration with Tencent and Alibaba’s Alipay, the Chinese government has developed “Sesame Credit,” a credit system that operates as a rewards-based game.
Scoring runs from 350 to 950, and those with higher scores have the privilege of booking certain hotel rooms in China without a previous payment while those with lower scores may run into trouble when applying for loans or authorization to travel abroad. The game has also partnered with a popular Chinese dating website where users can now view the credit scores of people they are interested in.