Lending

E-wallets Lending

GCash Disbursed PHP 40 Billion in Loans to More Than 1 Million Users

Philippines’ mobile wallet GCash announced that it has disbursed more than PHP 40 billion worth of loans as it expanded to more relevant lending products. Taking into account its lending offerings GCredit, GLoan and GGives, GCash has logged one million

Funding Lending

BNPL Platform BillEase Raises US$20M Debt Facility from Singapore’s Helicap Securities

Consumer finance app BillEase has closed an up to US$20 million debt facility arranged by Singapore-based Helicap Securities, bringing the total raised by the lending platform to US$55 million in debt and equity. The company previously raised US$11 million in

Big Data Lending Sponsored

Why Disconnected Data Sources Mean Lenders Are Missing the Big Picture

Traditionally, core banking systems have been regarded as a lender’s main database. While many banks rely on this core banking database, they also administer a range of other databases covering other aspects of the business. These independent data sources are

Financial Inclusion Lending

Home Credit Philippines Expands Its Reach to Include More Sectors

Consumer finance company Home Credit Philippines (HCPH) announced that it has further expanded its services to several sectors to bring Filipinos closer to the lifestyle they want. Home Credit said that it will continue to find more opportunities to expand

Lending

Atome Partners With Mastercard to Roll Out New BNPL Card for Filipinos

Buy Now, Pay Later firm Atome announced that it has partnered with Mastercard to roll out its Atome Card in the Philippines that can be used to pay online and in-store retailers. Consumers in the Philippines can register their interest for

E-wallets Lending Payments

GCash Enables Users to Pay Their Bills via Its Micro-Lending Facility GCredit

Philippines’ mobile wallet GCash announced that its users will be able to pay their bills via its digital micro-lending facility GCredit. GCredit is only available for fully-verified users who have enough GScore, a trust score based on a GCash user’s

Lending Payments

PayMongo Ties up With Atome to Offer BNPL Acceptance to Filipino Merchants

Philippines’ online payment processing startup PayMongo has partnered with Atome Philippines to expand Buy Now, Pay Later (BNPL) acceptance among merchants in the country. In February this year, PayMongo had secured US$31 million in a Series B funding round to

AI Lending Sponsored

4 Ways Alternative Data Is Improving Fintech Companies in APAC

Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to

Lending Sponsored

Alternative Lenders Are on the Rise to Plug the Financing Gap for SMEs

In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely relying on their personal networks to support their business, findings from a new study by cloud banking startup Mambu show.

Lending Wallets

GCash Surpasses PHP 2.5 Billion in Loan Disbursements Within 10 Months

Philippines’ mobile wallet GCash has disbursed more than PHP 2.5 billion in cash loans in just 10 months since the launch of GLoan. According to GCash, this reflects the significant demand for affordable and fair lending rates among Filipinos. Offering