Without a question, the worldwide pandemic has hastened the digital revolution, altering our daily lives. Due to recent events, the digital transformation that was meant to take years transpired in the blink of an eye, highlighting businesses’ efforts to reinvent their products and services.
It was not surprising for Home Credit because their digital initiatives began years ago, recognizing that digitization, particularly in the financial business, was the next big thing. Their adventure began when they first launched in 2013, and they quickly established themselves as a financial gamechanger.
Coming from a mostly unbanked market like ours, Home Credit stepped in and began catering to Filipinos with little to no credit history, offering low-interest installment loans for their gadget and technological requirements. This is what we now refer to as “buy now, pay later,” and despite the term’s popularity during the epidemic, it’s actually a quite ancient notion – and Home Credit has long been regarded as a pioneer and industry leader in this field.
Not only has it established itself as the country’s leading consumer finance company, with over 9000+ locations nationwide, but it has also rapidly expanded its mobile presence in recent years, with the My Home Credit App in the Google Play Store now having over 9 million users, bringing their total customer count to nearly 8 million.
As they celebrate their eighth anniversary, their growing customer base will continue to enjoy several of their offers through physical touchpoints at partner retail stores, as well as explore contactless options through the My Home Credit App, which offers everything you need in one place – loans, pay bills, buy load, contactless payments, shopping through partner stores, exciting discounts, and more.
The one-minute approval time for loan applications at Home Credit is the fastest in the business. Interested borrowers can apply at partner retail outlets around the country, with only a few easy prerequisites. Marketplace – one of the features of My Home Credit App – was established as a one-stop-shop to browse big-ticket purchases, compare offers and products, and apply for loans, all within the app, as the epidemic forced us to switch to contactless methods. They are the first consumer financing company to offer pre-approval on the mobile app, redefining the traditional manner of purchasing and the purchase now pay later experience of Filipino customers.
Home Credit now provides easy payments in addition to easy installments. With the launch of its newest payment option, Qwarta, Home Credit clients will be offered an extra spending limit of up to P10,000 within the app, allowing them to expand their purchasing power. Qwarta may be used to pay bills for free, shop or buy load at a discount, or make purchases using a QR code.
The Home Credit app now has telecom load from all networks and over 200 billers, as well as the ability to scan QR codes from 50,000+ partner brands and retailers around the country, enabling clients to stretch their budget in a variety of ways. Even better, shoppers may save up to 50% by using the app at participating businesses through its SMILE savings program.
Home Credit now provides convenient payments. With the launch of Qwarta, Home Credit consumers will be able to spend up to P10,000 more within the app. Qwarta may pay bills, shop or buy load with discounts, or purchase by QR code.
The Home Credit app can now read QR codes at over 50,000 partner brands and retailers countrywide, allowing clients to stretch their budget in endless buying scenarios. Even better, shoppers may save up to 50% by using the app at participating retailers.
“Home Credit introduced a lot of firsts to the Philippine market, and this is a testament of how well we anticipate the needs of the consumers and continue to innovate our services and offerings to meet those demands. Having evolved over the past 8 years, we want to offer a 360° service and be your go-to partner for all your financial needs” said David Minol, Home Credit PH Chief Executive Officer (CEO).
The 8 millionth client of Home Credit will be rewarded with fantastic rewards offered by Home Credit (brand partner). More info at www.homecredit.ph and www.facebook.com/homecreditph.
