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.
“We’ve financed over Php 1 billion worth of products in
just a few months, changing the lives of thousands of Filipinos,” shares Mr.
Hamilton Angluben, General Manager of Cashalo. “Our basket financing solution,
Cashacart, is an industry first and continues to set the standard for
innovation in offline retail consumer financing, giving millions of Filipinos
access to the credit they deserve where they need it most.”
“Cashacart was developed in the Philippines, to fill a
significant void in the market. The overwhelming response we’ve received from
consumers and retailers alike is testament to our commitment to steer the
course for the future of innovation in the industry by pioneering the
development of products and solutions that Filipinos want.”
Applying for digital credit through Cashacart is simple
and can be done in a few easy steps:
- Visit a
Cashalo partner store and look for a Cashalo representative who will help you
complete a digital application.
- The
application requires you to submit basic personal information and a valid ID.
- You can
then choose a loan amount and payment terms of your choice.
- In
addition, the newly launched loan calculator helps you understand your exact
instalments.
- Approval
in as fast as 10 minutes.
- You can
then shop for your “basket of goods” up to the value of the digital credit line
you have been approved for.
The pioneering Cashacart financing solution is part of
Cashalo’s comprehensive suite of financially inclusive products, committed to
unlocking financial access, freedom and opportunity for millions of Filipinos.
Consumers can access Cashacart through the Cashalo app which can be downloaded
from the iOS App Store and Google Play Store. To learn more, please visit
http://www.cashalo.com
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