Voyager Innovations and Bulgarian-based finance technology company Cash Credit are collaborating in bringing easier and more convenient consumer microloans to mobile subscribers in the Philippines.
Under the strategic deal signed recently, Voyager Innovations will be using Cash Credit’s proprietary credit-scoring system to offer Filipino consumers quick credit decisions, with convenient service and billing through Voyager and Smart Communications Inc.
“As a global leader in financial technologies, we’re particularly excited at Voyager Innovations for this service. This is about technology extending an economic lifeline to the great majority in emerging markets,” said Orlando B. Vea, president and CEO of Voyager Innovations.
“Voyager Innovations has a clear vision and commitment in the role of financial-technology platforms in providing people with access to consumer microloan services. This partnership will help us expand our reach,” said Georgi Krumov, Cash Credit founder and CEO.
“This provides our informal sector access to finance through their mobile devices which is part of our commitment in promoting inclusive growth and development,” said Lito Villanueva, Voyager Innovations vice president and head of Financial Innovations, Digital Inclusion and Alliances.
Voyager Innovations is the digital innovations unit of Philippine Long Distance Telephone Co. and Smart. Cash Credit partners with platform providers like Voyager Innovations and mobile-network operators in bringing micro consumer loans.
The partnership is in line with the vision of Voyager Innovations together with affiliate unit Smart eMoney Inc., in further promoting digital financial inclusion among the unconnected, unbanked and uncarded segments of the population through mobile and digital technologies.
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