Skyro has launched a new online portal to simplify the partner application process for local businesses, aiming to expand access to flexible payment options (Buy Now Pay Later) for merchants across the Philippines.

According to InsiderPH, this digital lending company wants to bring more businesses into the instalment economy.

The new Merchant Portal allows partners to offer product loans both in-store and online.

Company representatives state that flexible payments can significantly boost merchant sales and drive repeat customer visits.

Skyro noted that businesses offering these flexible options could see sales increase by up to 25%.

Michael Tabaday, Head of SME for Skyro, described the service as a mutually beneficial proposition for both shoppers and retailers.

Tabaday explained that providing different payment options helps smaller enterprises achieve substantial growth.

Businesses can apply through the company website and typically receive their approval results within a few days.

The setup process requires minimal documentation and features simple installation steps to ensure a smooth transition.

Partner merchants gain access to an online dashboard where they can monitor daily loan transactions and overall sales.

The financial technology firm also provides dedicated marketing support and assigns a sales representative to assist each partner.

Nikita Ananev Product Loan Lead at Skyro stated that the primary goal is to help local businesses expand their operations.

Ananev emphasised that the easy onboarding process allows merchants to offer customers a more flexible way to shop.

The company currently operates across more than 8000 partner merchant stores nationwide.

The digital lender serves a growing base of over 600,000 active product loan customers.

Featured image: Edited by Fintech News Philippines based on an image by smmedia.iovia Magnific.