The digital payments revolution is in full effect in the Philippines, with data showing that cashless payments account for a majority of the country’s transactions. At the Fintech Revolution Summit in Manila, CoinGeek spoke to some companies powering this revolution about how they are changing Filipino lives.
Four-minute loans with EasyLodge
Access to credit is one of the key facets of financial inclusion and is the lifeblood of economic growth. A World Bank study found that every 10% increase in credit to the private sector boosts a country’s economy by up to 1.5%. However, it’s still notoriously difficult for SMEs to access loans.
EasyLodge is out to change this, Kosta Patsan tells CoinGeek. EasyLodge offers simplified lending that’s not only cheaper and more accessible but is also fast and efficient.
Its most transformative product is its four-minute loan. Typically, loans take over one …