Cashalo, the Filipino fintech company with a mission to
accelerate financial inclusion in the Philippines, is seeing unprecedented
growth with its revolutionary O2O (offline to online) basket financing
solution, Cashacart, which is now available nationwide across a growing network
of almost 300 retail partner stores including Oppo, Cherry Mobile, Memoxpress,
Robinsons Appliances and Robinsons Department stores. Loans start at PHP 2,250
up to a maximum of PHP 20,999.
The first-of-its-kind solution in the Philippines allows
consumers to access digital credit from as low as 0% for their specific
shopping needs via the Cashalo app. This allows Filipinos to purchase multiple
products or a basket of goods from a particular store.
Launched just 3 months ago, Cashacart has received
overwhelming support from consumers clamoring for the convenience and
flexibility that the solution offers. September 2018 data by consulting firm
Research and Tech Lab show that almost 70% of Filipinos still prefer
traditional over online shopping. Cashacart caters to every consumer, from
millennials to homemakers and young entrepreneurs, with a majority of its
consumers experiencing the flexibility of installment loans for the first time.
