Asialink Finance Corp., one of the Philippines’ fastest-growing finance companies, has partnered with e-commerce giants Lazada and Shopee to give its clients an easier way to make loan payments.
Asialink’s partnership with Shopee is powered by ECPay, a leading electronic customer purchase & payment system provider in the country, enabling both offline and online channels with the One-Stop-Shop proposition.
On the other hand, Lazada partnership is powered by Bayad (formerly called Bayad Center), the pioneer outsourced payment collection service in the Philippines, and now a full-service fintech company, offering a whole suite of financial products and services, available in its physical and digital touchpoints.
Asialink has tapped into these all-in-one payment platforms to make it easier for its clients to pay their loans and insurance premiums.
“One of the challenges we want to overcome is payment of loans. We partnered with online and offline payment solutions so that our clients can easily settle their loans,” said Robert B. Jordan, Jr., Chief Executive Officer of Asialink.
Through ECPay, Asialink’s clients can also pay via Gcash, 7-Eleven CLIQQ, Truemoney, ExpressPay, Gaisano Grand, Cebuana, Tambunting and ECPay accredited sari-sari stores.
Loan payments are also made available thru Bayad’s all-in-one pera transaction applications, the Bayad Online, a web-based facility accessible thru www.online.bayad.com; and the Bayad App, a mobile-based solution downloadable via Google Play, App Store, and Huawei App Gallery.
Asialink also has payment partnership deals with Asia United Bank, BDO, Eastwest Bank, RCBC and Robinsons Bank.
Asialink was formed in June 1997, with a capitalization of just P3 million.
Today, it has over 800 employees, thousands of independent loan consultants, and more than 90 branches nationwide.
Asialink offers several loan products that cater to its core clients – the unbanked and under-served sector.
Its key advantage is that it streamlines the application process to make it faster and more convenient for its customers to secure loans. It cuts the application steps without compromising the integrity of the process.
Asialink’s interest rates are also competitive.
The company has lately focused on small borrowers who need loans using their used vehicles as collateral.
“There’s a huge untapped market there,” said Jordan. “Business owners who have a truck or car and in need of additional capital can come to us. It doesn’t matter what the model of the vehicle is, as long as we see value in it.”