The new credit system is named Singularity. Every user will start with 270 points, which will alter according to user behavior. Those who obey the traffic rules and use bikes to ofo code of standards will receive additional points, while actions such as damaging a bike will result in a loss of points. Full marks for stellar bike use amounts to 600.
Image via Sohu
Although more details are yet to be revealed, ofo has advised that those who reach a high credit rating may obtain deposit-free service. Alternatively, users who don’t follow the regulations may be charged additional fees for bike use.
According to ofo, it has established partnerships with departments of transport across the country. Those who violate the traffic rules severely will be put on the blacklist, no longer allowing them access to the ofo bike service.
Image via Bajiahao
The shared-bike firm had previously been cooperating with Zhima Credit (credit-related service agency of Alipay) before the launch of Singularity. During this partnership, those who achieved a particular score had the mandatory deposit waived. Nonetheless, the cooperation with Zhima Credit terminated in mid-June throughout the country.
Now, ofo has built their credit system to move the company forward. “We relied on other credit service agency because our technology in collecting the big data was immature before,” Yu Xin, co-founder of ofo, answered to the Paper. “Our credit system is completely oriented by users'behaviors. I can say it's more suitable for shared-bike users.”
[Top Image via Bajiahao]