Lending app Cashalo eyeing growth in the south with expansion to Cebu – Reuters
Fintech platform Cashalo is expanding its presence in the Visayas with the introduction of its Shop Now, Pay Later service in Cebu, in partnership with major mall operators.
“We see a huge opportunity for growth in the very dynamic Cebu market,” said Chino Flor, GM, Cashalo. “Our expansion into Cebu also reflects Cashalo’s optimism in the Visayas region, and further afield in Mindanao. This initiative also reinforces our commitment to enabling more Filipinos to access financial tools and services that were previously inaccessible to them.
Cashalo has partnered with Robinsons Department Store-Fuente Cebu, Robinsons Department Store-Galleria Cebu, Gear Up-Jakosalem Cebu, Spyder-SM Cebu, Moto Inspira-SM Cebu, SM Department Store-Seaside City Cebu and SM Department Store-Consolacion for Initial Deployment Buy Now, Pay Later in Cebu.
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Buy Now, Pay Later is Cashalo’s online offline (O2O) consumer finance product that provides consumers with access to digital credit for their specific shopping needs at retail stores, allowing them to purchase multiple products – such as appliances, housewares, clothing, electronics, and school supplies, among many others – through its network of partner retail stores.
Lines of credit range from P2,500 up to a maximum of P15,999. Consumers can start processing their loans through the Cashalo app and get approved in-store within minutes, making it faster and more convenient for consumers.
Cashalo is ready to accept new merchant partners to provide Cebuanos with a wider range of store choices for their shopping needs.