Online lending firm expands services with in-store offers

CEBU, Philippines — Installment solutions firm UnaCash announced its service upgrade by offering point-of-sale (POS) loans to Pinoy customers, giving expanded access to financing options through in-store exposure.

With its “Buy Now, Pay Later” (BNPL) feature now able to support its customers at the point-of-sale and allows the purchase of merchandise from its merchant partners, Filipinos are given a variety of lifestyle upgrades based on their respective interests and budgets, one transaction at a time.

The upgrade of this BNPL solution aims to address the evolving financial requirements and seeks to promote financial accessibility and stability to its consumers.

UnaCash highlights its maximum loanable amount from P3,000 to P50,000 with the flexibility to extend its payment terms up to twelve months. With an interest rate that begins at zero percent up to 10 percent max, the new update allows its customers to have access to lifestyle improvements without straining their finances.

“In line with the National Strategy for Financial Inclusion, UnaCash is proud to announce the newest upgrade of expanding our app services to now offer point-of-sale loans. This strategic approach reflects the company’s commitment to supporting the unbanked population, and giving better access to financial services,” said the company’s president and chief executive officer (CEO) Aleksei Kosenko.

“Credit accessibility remains a strong need in the Philippine market. With this in mind, we wish to present a convenient alternative to consumers and process in-store purchases through UnaCash, as easy as buying everyday items at a grocery store,” Kosenko noted.

In addition, UnaCash is launching its POS loans together with various products from its merchant partners ranging from smartphones, laptops, computers, appliances, furniture, and hardware.

Highlighting its successful partnerships, which includes Laptop Factory, Faith Glorious Fit, Homeworks the Home Center Inc., Emcor, JTG Trading Inc., Save’n’earn, and Trendy Gadget, its steady expansion will go as far as beyond the boundaries of Metro Manila, reaching as far as Cavite, Rizal, Cebu, and Davao.

Alongside the convenience offered to its consumers, partner merchants are offered multiple sales channels including via the UnaCash app platform, a unique QR Code for merchants for faster processing of in-app installment applications, and low and flexible merchant fees.

UnaCash works closely with merchant partners and provides the technology, financing, and support needed to generate successful financing programs at the point of sale.

The target is to create a platform to ensure that there are in-house processes that will support them in generating seamless and comprehensive sales performance.

“We maintain a high level of confidence that we will reach our projection of expanding our in-store loans across the Philippines. We highly value the potential of the local market, as we do with our partner merchants, thus we will continuously provide innovative solutions and ensure that they each achieve the maximum visibility they need in the marketplace through the UnaCash platform,” Kosenko concluded. — (FREEMAN)