​UnaCash partners with Comworks for smartphone loans

FINANCIAL SOLUTIONS provider UnaCash has partnered with Comworks, Inc. to offer point-of-sale loans for gadgets at the retailer’s branches, it said on Monday.

The partnership aims to allow Filipinos to increase their accessibility to smartphones, UnaCash said in a statement.

Customers may apply for an installment option through the UnaCash app for up to 12 months and as low as 0% interest.

“With 28 years in the industry, Comworks, Inc. has facilitated wholesaler telecommunications services and mobile network equipment to cater to the needs of the local market. UnaCash is thrilled to advance this partnership as we are confident that we can bring in innovative point-of-sale solutions to address their customers’ needs, and support them in expanding credit accessibility within the Philippines,” UnaCash Product Head Erwin G. Ocampo said.

“We are excited to partner with Una-Cash to bring greater convenience and accessibility to our customers. This partnership reflects our dedication to innovation and customer-centric solutions in the smartphone market,” Comworks Chief Operations Officer Elizabeth M. Leyeza added.

Data from UnaCash showed 70.17% of purchases made through its app are electronics and gadgets.

UnaCash and Comworks are looking to expand their offerings to the local market, the former said.

“This partnership is forged through a shared commitment to meeting the increasing demand for digital innovation and ensuring accessibility to high-quality products and services for all Filipinos,” UnaCash said.

The financial solutions provider recently introduced installment loans worth P3,000 to P50,000 with flexible repayment terms.

This new feature is offered to existing customers with outstanding credit history as it aims to promote responsible borrowing. — A.M.C. Sy