Loan app Cashalo eyes growth in the south with expansion in Cebu

Fintech platform Cashalo is expanding its presence in the Visayas with the introduction of its Shop Now, Pay Later service in Cebu, partnering with major mall operators.

“We see a huge growth opportunity in Cebu’s very vibrant market,” said Chino Flor, GM, Cashalo. “Our expansion in Cebu also reflects Cashalo’s optimism in the Visayas region, and down the line, in Mindanao. This initiative also strengthens our commitment of enabling more Filipinos to gain access to financial tools and services that were previously unavailable to them.”

Cashalo 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 to initially rollout Shop Now, Pay Later in Cebu.

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Shop Now, Pay Later is Cashalo’s offline to online (O2O) consumer financing product which enables consumers to access digital credit for their specific shopping needs at retail stores, allowing them to purchase multiple products — such as appliances, household items, apparel, electronics, and school supplies, among many others — across its network of partner retail stores.

Credit lines range between P2,500 and up to a maximum of P15,999. Consumers may start processing their loans via the Cashalo app and have their approval in the store in a matter of minutes, making it faster and more convenient for consumers.

Cashalo is open to taking in new merchant partners to provide Cebuanos with a wider array of store choices for their shopping needs.

Categories: fintech

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