Lending
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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SME Lending in APAC Is the Major Opportunity for Banking-as-a-Service
Opportunities are endless with Banking-as-a-Service (BaaS), and nowhere is this more true than in Asia Pacific (APAC). Banks in the region, particularly in hubs like Singapore and Hong Kong, have embraced and become leaders in open banking, automated services, ever-improving
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Grab Philippines Rolls Out Business Loan Offering for Its Merchants
Grab, through its SEC-licensed lending arm known as Grab Financial Services Philippines, announced that it has launched its new loan service programme for its merchant partners known as Quick Cash. With Quick Cash’s fast disbursal and easy application process, merchants
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Philippines’ BNPL Firm BillEase Secures US$20 Million Debt Facility From Lendable
Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has secured a US$20 million debt facility from Lendable, an emerging market credit provider. This adds to the recent US$11 million Series B equity that it had raised from
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Kayamo Partners Netbank to Automate and Enhance Its Lending Experience
Philippines-based lender Kayamo has partnered with Netbank, a neobank that offers Banking-as-a-Service solutions, in order to enhance and automate its lending experience. Through this partnership, Netbank implemented a ‘Virtual Account’ solution to simplify Kayamo’s collection process. This allows loan repayments,
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Three Quarters of Filipino MSMEs Unable to Secure Funding in the Past 5 Years
More than three quarters (77%) of micro, small and medium-sized enterprises (MSMEs) in the Philippines have been unable to secure sufficient, or any, funding on at least one or more occasion over the last five years, according to a new
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ZALORA Integrates Plentina’s BNPL Offering for Its Filipino Users
Plentina, a Buy Now Pay Later (BNPL) startup for emerging markets, has partnered Southeast Asian e-retailer ZALORA to offer its short-term financing solution. Filipinos can download the Plentina app for loans up to P5,000 in ZALORA e-vouchers to load their
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Philippines’ BNPL Platform BillEase Closes US$11 Million Series B
Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has closed its Series B funding round with US$ 11 million in fresh equity. The round was led by BurdaPrincipal Investments, the growth capital arm of German media and
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Philippines’ SEC Issues Guidelines to Stamp Out Predatory Lending Practices
The Securities and Exchange Commission (SEC) has issued draft guidelines for the registration and operation of online lending platforms (OLPs) to stamp out abusive and predatory practices. The proposed guidelines will apply to both existing and newly registered financing and
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Online Lender or Bank Loan for a Filipino Businessman?
One of the breaking points of every business is when finances are negative, and you need to make a quick decision as a business owner to steer the business away from its present station. Without a doubt, you will need
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