Japan's Seven Bank taps customer purchase histories for loan screening

Data from 7-Elevens and other stores seen raising gig workers' chances of approval

20241015N Seven Bank ATMs

People can apply for small, unsecured loans at Seven Bank ATMs.

Kodai Mihara, Nikkei staff writer

TOKYO -- The banking arm of the 7-Eleven chain in Japan will start using purchase histories as a factor in determining approval for people seeking small loans, a move it says will help gig economy workers and others who lack a steady flow of income.

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