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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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