CIC taps UPLOAN

MANILA, Philippines — State-run Credit Information Corp. has tapped financial technology firm UPLOAN to promote financial inclusion through the dissemination of resources on financial education and consumer protection.

UPLOAN aims to provide secure, reliable, and affordable salary loan solutions to employees. With over 36,000 borrowers and 300 partner companies, it is likewise intent on transforming the lives of working people in emerging markets by helping them reach their financial goals through technology.

Both parties agreed to jointly produce digital and other educational materials about the benefits of credit registry being a core part of the country’s overall financial infrastructure.

The materials are also targeted to create awareness on the rights of consumers/borrowers to access their credit reports and dispute inaccuracies, and familiarize stakeholders on the procedures of collecting, storing, and disseminating the credit information of borrowers.