Robocash Group Broadcasts Purchase Now, Pay Later Service “UnaPay” Launch within the Philippines

Robocash Group, a Singapore-based fintech, introduced on Tuesday it has expanded its Purchase Now Pay service UnaPay within the Philippines. Based in 2013, Robocash Group focuses on non-bank lending with a concentrate on shopper lending each on-line and offline and market funding.

“We offer an answer, which makes it simpler for the underserved by banks to get entry to finance in a quick and cozy approach and our time-saving funding companies are designed to simplify investing in worldwide different lending.”

Robocash reported that with UnaPay, customers could make purchases on the Lazada e-commerce platform with as much as 12 installments due each two weeks. The purchasers can apply for a digital credit score quantity of as much as PHP 30,000.

“Having inherited the ease-of-use and full automation from the present merchandise of the group, UnaPay supplies Filipinos with quick and handy entry to finance. The approval course of takes 5 minutes, whereas the funds are credited to the shoppers’ Lazada e-wallet inside 24 hours. Transferring ahead, UnaPay plans to extend the variety of energetic retailers, which is anticipated to succeed in a number of lots of by the tip of 2021.”

Whereas sharing extra particulars in regards to the launch, Sergey Sedov, CEO of Robocash Group, added:

“We see an enormous potential within the new product, as there’s a excessive demand for different monetary companies amongst Filipinos. Greater than 50 mln individuals stay unbanked, however lots of them want further funds. For instance, our current survey confirmed that over 50% of Filipinos borrowed cash from household or buddies in 2020. On the similar time, the Philippines has a major share of smartphone (64%) and Web (70%) customers. It implies that a lot of the inhabitants has a possibility to entry monetary companies on-line to satisfy their fast spending wants.”