Passfeed VP, Hannah Hu says Passfeed — the American local enterprise — is ready to provide the most outstanding shopping experience to its American consumers. Speaking in front of hundreds of manufacturers at the ESG Summit 2019 Event, the Vice President said that the newly launched Passfeed will be the defining pillar of previous social shopping applications going forward.

“Passfeed is ready to launch,” Hannah told the crowd, noting that Passfeed’s vision is to build a unique social and shopping experience platform that would bring to fruition services like Paylater, iPoints, and Refer a Friend discounts by sharing Passfeed’s shopping link with friends either through text or on social media.

“Over time, we believe that such a social shopping platform will be in high demand.”

As part of the effort, Hu has unveiled Passfeed’s most versatile feature: Paylater. For those without access to traditional banking methods, or those who prefer to not use a bank for their financial needs, they can breathe a sigh of relief because Passfeed has solved how customers can bank more smoothly and securely.

This comes after the company finalized its registration with the Financial Crimes Enforcement Network (FinCEN) to become a Money Service Business (MSB). This distinction will allow Passfeed customers another option to borrow money outside the corporate banking system.
With this official government distinction, Passfeed is able to lend its users various amounts in spending power per year based on their credit score. As an MSB, the company is taking the next step forward in transforming its App into a one-stop-shop for customers to borrow funds for purchases.
“Passfeed will be a customer’s go-to for lending money to help pay for any of the 1.5 million items we have on our App. It will be like having a bank in their pocket,” Hu said.

She ended her opening remarks highlighting that Password’s team is ready for the challenge and how confident she is as the App hits the market.
“Passfeed isn’t just about selling products. It’s a major shift on how we’re changing the consumer shopping behavior,” Hu said. “We believe that for the future, people will be highly involved in Passfeed’s platform because of its Digital Wallet, infused with social shopping for everyone.”

Hu believes that Passfeed is going to be the cornerstone of a new shopping era for American consumers.