In line with the National Strategy for Financial Inclusion, UnaCash offers point-of-sale (POS) loans and Buy Now, Pay Later (BNPL).
By providing point-of-sale (POS) loans to every Filipino, UnaCash, a people-centric instalment solution, increases its offerings. Customers now have more access to financing choices because to in-store exposure. Buy now, pay later (BNPL) functionality from UnaCash now assists customers at the point-of-sale and permits purchases from its merchant partners. This allows Filipinos to upgrade their lifestyles in a number of ways, according to their individual interests and financial capabilities, one transaction at a time.
The National Strategy for Financial Inclusion is in line with the most recent UnaCash upgrade. According to Aleksei Kosenko, president and chief executive officer of UnaCash, “This strategic approach reflects the company’s commitment to support the unbanked population and provide better access to financial services.”
“The Philippine market continues to have a significant need for credit accessibility. In light of this, we want to provide consumers a practical choice and make in-store transactions with UnaCash as simple as shopping for common things at a grocery store.
The BNPL solution has been upgraded to take into account changing financial needs. Additionally, it aims to support its clients’ financial stability and accessibility. UnaCash advertises its ability to prolong its payment terms up to twelve months and its maximum loanable amount of between $3,001 and $50,000. The new update enables its users to enjoy lifestyle enhancements without placing a pressure on their finances, with an interest rate that ranges from 0% up to 10% at the most.
Collaborating for success
UnaCash is also offering its POS loans alongside a range of goods from its merchant partners. These include hardware, appliances, furnishings, laptops, computers, and cellphones. These successful collaborations with other companies are highlighted by the names Laptop Factory, Faith Glorious Fit, Homeworks the Home Center Inc., Emcor, JTG Trading Inc., Save’n’earn, and Trendy Gadget. Its gradual growth will extend outside of Metro Manila’s boundaries. It will extend as far as Davao, Rizal, Cavite, and Cebu.
Along with providing convenience to customers, it also provides partner merchants with a variety of sales channels. The UnaCash app platform is one of them, along with minimal and adaptable merchant fees and a special QR Code for retailers to process in-app installment applications more quickly. UnaCash also closely collaborates with merchant partners and offers the tools, resources, and assistance required to create profitable financing programs at the point of sale.
The goal is to build a platform to guarantee that internal procedures will aid in producing a seamless and thorough sales performance.
“We continue to have a high level of confidence that we will grow our in-store loans across the Philippines as planned. Additionally, as with our partner businesses, we place a great importance on the potential of the neighborhood market. In order to ensure that they all receive the greatest visibility they require in the market through the UnaCash platform, we will consistently offer creative solutions, Kosenko says.
