Cashalo loan app targets growth in the south with expansion in Cebu – Back End News

The Fintech Cashalo platform expands its presence in the Visayas with the introduction of its Shop Now, Pay Later service in Cebu, in partnership with the main shopping center operators.

“We see a huge opportunity for growth in the very dynamic Cebu market,” said Chino Flor, Managing Director of Cashalo. “Our expansion in Cebu also reflects Cashalo’s optimism in the Visayan region and, ultimately, in Mindanao. This initiative also reinforces our commitment to empower 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 initially rollout Buy Now, Pay Later in Cebu.

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Shop Now, Pay Later is Cashalo’s offline-to-online (O2O) consumer finance product that enables consumers to access digital credit for their specific shopping needs in retail stores, enabling them to purchase multiple products – such as appliances, housewares, clothing, electronics, and school supplies, among many others – through its network of partner retail stores.

Credit lines vary between P2,500 and up to a maximum of P15,999. Consumers can start processing their loans through the Cashalo app and get their approval in the store within minutes, making it faster and longer. convenient for consumers.

Cashalo is open to hiring new merchant partners to provide Cebuanos with a wider range of store choices for their purchasing needs.

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