[23 JANUARY 2017] Maybank Philippines, Inc. has partnered with FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations to offer the bank’s clients with convenient, transparent, fast and secure digital loan service via digital loans platform Lendr.
Lendr is a the world’s first fully digital, multi-channel, telco and bank agnostic solution that financial institutions and credit providers can use to reach consumers planning to avail of loans. Maybank Philippines joins a growing roster of banks that has partnered with FINTQ and will be among the first ten to be deployed.
“We’re excited to have Maybank Philippines join Lendr as we make digital financial services such as loans more accessible to Filipinos. Digital is transforming industries and we are happy to enable our partner banks to serve their customers better,” said Orlando B. Vea, President and CEO of Voyager Innovations.
“As part of the Maybank Group, the 4th largest bank in Southeast Asia, Maybank Philippines, Inc. (MPI) continues to engage with partners to further enhance our product offerings to our customers,” said Hazli Abu Samah, Officer-In-Charge of MPI. “The stronger delivery of our services through online enhances our thrust of humanizing financial services,” Hazli added.
“Digital is making financial services more accessible and inclusive. In less than two years, our digital lending platforms, including Lendr, have yielded exponential growth, translating to services reaching previously underserved Filipinos. We are delighted to have Maybank Philippines, the country’s pioneer in 24/7 physical branch banking, as our collaborator for their 24/7 digital version,” said Lito Villanueva, Managing Director of FINTQ.
For end-2016, FINTQ’s lending platforms posted loans outstanding growth of over a hundred percent in excess of P15 billion while loans booked increased by almost a hundred percent to more than 100,000.
With its platforms, FINTQ has the most extensive digital lending footprint in the country today, with loan transactions coming from all 81 provinces, 90 percent of the 145 cities and eight percent of the 1,490 municipalities.
Using the Lendr platform, any consumer can apply any time whenever they need money for emergencies, minor house repairs or school tuition via SMS, mobile app or online with any device or telco provider. Consumers are in full control as they can keep track of their loan application status, loan repayments and amortization schedule. For more information, please visit www.lendr.com.ph.