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Cashalo introduces Cashacart first-ever digital basket consumer finance solution
Cashalo introduces Cashacart first-ever digital basket consumer finance solution

Cashalo introduces Cashacart first-ever digital basket consumer finance solution

Cashalo launches the Philippines’ first-ever, O2O (offline to online)  basket  financing  solution the Cashacart.

Using the Cashalo app,  Cashacart can have Filipino  consumers  access  digital  credit  at  0% interest, for all their specific shopping needs across a growing network of 250 retail partners. This includes  Robinsons  Appliances,  Robinsons  Department  stores,  Handyman,  Oppo,  Cherry Mobile, and Memoxpress. Loans start at PHP 2,000 up to a maximum of PHP 19,999.

The entire process is completed within minutes in a few easy steps:

1) Simply visit a Cashalo partner store and  look  out  for  a  Cashalo  representative  who  will  help  them  complete  a  digital  application  in  a  few minutes.

2) The application requires you to submit basic personal information and a valid ID.

3) A customer then chooses a loan amount and payment terms of their choice.

4) Upon approval a customer can shop for their basket of goods up to a value of the digital credit they have been approved for.

Consumers in  the  Philippines  have  been  clamoring  for  just  this  kind  of  innovative  financing  solution. Recently, Ms. Rose Ong, the newly elected president of the Philippine Retailers Association stated that, the share of online shopping in the country was only about 1-2% of total retail sales, and according to research by RF Group, 80% of online sales are still cash on delivery.

Consumers  can  also  access  the  Cashacart  financing  solution  through  the  Cashalo  app  which  can  be downloaded on the Apple and Google Play mobile app stores.

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