Cashalo, the fintech company working to accelerate financial inclusion for every Filipino, announced a partnership with National Book Store, allowing shoppers to “Shop Now and Pay Later” through Pay with Cashalo, an innovative digital credit payment solution.
National Book Store joins Cashalo’s growing network of over 100 partners (across over 500 retail locations) which include Cherry Mobile, Memoxpress, Robinsons Appliances, Robinsons Department stores, Blade, Spyder, Mi Department stores and Uno Factory outlets.
The Cashalo experience at National Book Store locations is designed to be secure, convenient and fast. Customers can apply for a pre-approval through the Cashalo mobile app even before visiting a store, saving time as it allows customers to have visibility over their working budget in advance. Credit lines range from PHP 2,250 to PHP 19,999, depending on the approved credit amount.
Once approved, shoppers are given the option to select a repayment term of 3, 6, or 9 monthly installments and are shown the exact repayment amount to settle each month, inclusive of interest rates. There are no hidden fees, so users will never pay more than what they agree to.
“National Book Store serves millions and has become the country’s leading school and office supplies store with its commitment to help Filipinos ‘live better,’ which closely aligns with our own mission to help ‘improve financial well-being’ for Filipinos,” said Hamilton Angluben, general manager of Cashalo. “We are excited to give more Filipinos the opportunity to shop at National Book Store and enjoy a new, reliable and innovative way to buy the learning or working supplies they need.”
Previously known as “Cashacart,” “Shop Now and Pay Later” is a pioneering offline to online (O2O) consumer financing product under Cashalo’s digital credit payment solution, Pay with Cashalo. This solution is purpose-built as a convenient and reliable alternative to cash and traditional credit. Since its launch a year ago, Cashalo has already helped over 1.5 million previously credit invisible Filipinos build financial identities. The company now has a customer base of over 2.2 million Filipinos, with the Cashalo app having been downloaded more than 5 million times and counting.