Learn how to cancel Pocket subscription on iPhone, Android, Paypal or directly.
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Alternative method via AppStore:
1. Pocket application is an AI and fintech based product of “Invescore Wallet NBFI” LLC and it offers online loan and payment service. “Invescore Wallet NBFI” LLC is established in May of 2019 and received the non-banking financial service license under the Decree No 327 of Financial Regulatory Commission of Mongolia on 25th of November, 2019.
2. Once the customer download the application from App Store and register by using valid information, his/her credit scoring is evaluated based on our AI system and Centralized Loan Database of the Bank of Mongolia.
3. Once the customer’s credit scoring is completed and the Loan Agreement is signed by the parties, the customer will be able to receive loan anytime to his/her bank account or Pocket wallet without any additional criteria.
4. The customers can repay the loan directly from Pocket application, local banks applications as well as from local bank branches and ATMs.
5. Our system informs the customers regarding the repayment due date via SMS message, email, notification on the Pocket App and a phone call from our customer service.
6. The customer can repay the loan anytime without extra fee or interest rate.
7. This prevents the customers from receiving multiple loans, which may result in the failure of repayment.
8. We strictly adheres with the local regulations and laws of Mongolia.
9. We are compliant with the Anti-Money Laundering Commission as well as National Data Privacy Commission.
10. In addition, we keep the confidentiality of private information at high secured place.
11. When the customers make repayments on time, they are able to increase loan amount, reduce fees and collect bonus points.