Asialink Finance Corp. said it has partnered with e-commerce giants Lazada and Shopee to broaden their payments network, expanding the options available for people through an all-in-one channel to pay their loans and insurance premiums.
In a statement, the financing company said the partnership with Shopee sees the e-commerce platform get powered by ECPay, their electronic customer purchase and payment system provider that enables both offline and online channels.
The partnership with Lazada, meanwhile, allows the e-commerce platform to use Bayad — formerly called Bayad Center — which is another one of their electronic customer purchase and payment systems which also enables offline and online channels under a one-stop-shop offering.
“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,” Asialink chief executive officer Robert Jordan, Jr. said in a statement.
Asialink added that these two all-in-one payment platforms will make it easier for people to pay their loans and insurance premiums.
The financing company said that users of ECPay, can pay via Gcash, 7-Eleven CLIQQ, Truemoney, ExpressPay, Gaisano Grand, Cebuana, Tambunting and ECPay accredited sari-sari stores.
Meanwhile, loan payments are also made available through Bayad’s all-in-one transaction application called “Bayad Online,” a web-based facility accessible on their website or through the Bayad App.
The Bayad App can be downloaded from the Google Play store, Apple’s App Store and the Huawei App Gallery.
Aside from these partnerships with Shopee and Lazada, Asialink also has payment partnership deals with the Asia United Bank, the Banco De Oro (BDO), the Eastwest Bank, the Rizal Commercial Banking Corp (RCBC) and the Robinsons Bank.
Asialink is a financing company formed in June 1997, with a capitalization of just P3 million.
Today, the company said it has over 800 employees, thousands of independent loan consultants, and more than 90 branches nationwide.
The financing firm said that its core clients are the unbanked and under-served sector, offering a lineup of loan products at competitive rates that cater specifically for this consumer segment.
“There’s a huge untapped market there. 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,” said Jordan.