Manila, Philippines | 16 May 2022 – Leading global consumer finance company Home Credit has inked a P420 million (8.2 million USD) social financing facility
There is no doubt that the global pandemic has accelerated digital transformation, changing our day-to-day lives. Due to current events, the digital shift that was supposed to take years happened in a blink of an eye – putting the spotlight on businesses and how they make an effort to innovate their
12th Asia CEO Awards honors top business leaders, frontliners amid pandemic bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published July 20, 2021, 11:22 AM
With many malls nationwide seeing a resurgence in foot traffic as lockdown measures and COVID numbers stabilize, there is likewise an uptick in demand for work from home (WFH), online schooling, home improvement and other “new normal” needs. This is matched by a rise in demand for consumer financing, with more Filipinos availing of installment plans for home and work essentials so far this year compared to 2020, according to leading consumer finance company Home Credit Philippines.
“We definitely see more people in malls, and more people making purchases and loans for their families’ needs,” said David Minol, chief executive officer of Home Credit, a Prague-based provider of in-store consumer financing and digital financial services. “It is another encouraging sign that people are gradually recovering from what was a very challenging year for us all.”