Skyro, the rapidly expanding fintech brand in the Philippines, has introduced its newest innovation: the Online Product Loan. This service allows Filipino customers to secure product loans online, thus greatly enhancing their shopping experience.
Fintech improves accessibility and convenience
This exciting new offering is made possible through Skyro’s strategic partnership with MemoXpress, a leading electronics retailer in the Philippines. This collaboration, which marks Skyro’s first venture into Online Product Loans, is touted to significantly improve accessibility and convenience for customers seeking flexible payment solutions.
“Integrating Skyro’s services seamlessly into our checkout process empowers our customers with greater flexibility and control over their purchases. Our partnership aims to elevate the shopping experience and prioritize customer satisfaction,” said Edward Tan, Vice President of Operations at MemoXpress, in a press release.
“We believe that this collaboration with Skyro will not only drive sales but also build stronger relationships with our customers by offering them the financial flexibility they need,” he added.
Quick and easy transaction with fintech services
Thanks to this partnership, customers can now enjoy a quick and easy transaction process and other fintech services.
Skyro’s Online Product Loan service is integrated into MemoXpress’s checkout, allowing customers to browse an extensive catalog of electronics and make purchases from the comfort of their homes. To utilize Skyro’s Online Product Loan service at MemoXpress, customers can follow these 4 simple steps:
- Select items on mxmemoxpress.com, add them to your cart, and proceed to checkout.
- Choose Skyro as the payment method.
- Complete the digital application form and settle the down payment using Skyro’s mobile app.
- Await MemoXpress’s update about your delivery or store pick-up details.
Supporting merchants, advancing e-commerce landscape in PH
Skyro’s Co-CEO and Co-Founder Nasim Aliev expressed his enthusiasm about the partnership, stating, “This collaboration exemplifies our mutual commitment to advancing the e-commerce landscape. We are thrilled to partner with MemoXpress, a leader in the electronics retail sector, to provide more Filipinos with access to our innovative online point-of-sale loan product. This partnership marks a significant milestone in our mission to democratize access to financial services, ensuring that more individuals can benefit from flexible and user-friendly payment solutions tailored to their needs.”
“Our goal is to empower every Filipino shopper by offering them unparalleled customer-centric solutions that make their shopping experience not only more flexible but also more enjoyable,” he added. “We believe that through this strategic alliance, we can make a meaningful impact on the retail industry in the Philippines, supporting both consumers and merchants in navigating the digital economy.”
Skyro’s Online Product Loan is a game-changer for Filipino merchants looking to boost sales and make their products more accessible. By offering customers the option to split their payments into manageable instalments, similar to Buy Now, Pay Later (BNPL), more Filipinos can confidently purchase the items they need and want, without the immediate financial burden.
This payment flexibility appeals to various shoppers, driving increased website and store traffic, and fostering customer loyalty and repeat business. Skyro’s Online Product Loan solution gives Filipino merchants a significant competitive edge, enabling them to cater to the evolving preferences of consumers who value payment flexibility. This innovative fintech approach not only enhances the shopping experience but also builds a stronger, more sustainable business model for retailers.
Merchants can easily integrate this fintech feature with Skyro for free, receive upfront payments without worrying about credit risks, and offer customers a smoother checkout experience, leading to happier and more satisfied customers. This seamless integration ensures that merchants can focus on their core business while benefiting from the advanced financial solutions Skyro provides.
Skyro is a fintech company licensed and supervised by the Securities and Exchange Commission (SEC). To learn more about Skyro’s digital financial products, visit www.skyro.ph and follow their official Facebook and Instagram accounts for the latest promos and offerings.