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-Philippine Star onDecember 20, 2019
Financial literacy is an important part of a person’s lifestyle. It is especially relevant during the holiday season, where proper financial planning and budgeting often falls by the wayside in the rush to take advantage of Christmas sales and deals. Filipinos who are prone to overspending would do well to take advantage of financial literacy programs like Cashalo’s CashAcademy, which aims to develop a generation that is more financially knowledgeable, responsible, and empowered.
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-Manila Bulletin onDecember 4, 2019
-Lariza Garcia onDecember 8, 2019
Responsible borrowing is an important component of financial literacy, along with budgeting, saving and investing money. Credit is not necessarily a negative as long as you are borrowing for a reasonable cause and you are able to manage your loan wisely. Sharpening your financial skills can help set you off toward financial stability and ultimately, freedom.
-Malaya onNovember 20, 2019
-Malaya onNovember 27, 2019
Used responsibly, these digital credit payment solutions can help the unbanked and underserved better plan and manage their finances while affording them the capability to meet their current and emergency needs. Ultimately, we enable them to build financial identities by slowly introducing them to the many benefits of formal financial services.
However, these initiatives need to be reinforced by extensive financial education efforts to equip Filipinos with basic financial knowledge and decision-making skills.
-Manila Times onNovember 10, 2019
-Malaya onNovember 18, 2019
In a consumer culture where trust in products and brands are often built over years of face-to-face interactions and even personalized customer service, persuading suki-loving Filipinos to develop a meaningful understanding of the value of financial technologies or “fintech” platforms can be challenging.
Fintech platform Cashalo states that recent events involving a number of digital lenders that have misused clients’ information underscore the importance of these educational campaigns to drive greater awareness and understanding.
- Manila Tribune onNovember 5, 2019
National Book Store joins Cashalo’s growing network of over 100 partners (across over 500 retail locations) which include Cherry Mobile, Memoxpress, Robinsons Appliances, Robinsons Department stores, Blade, Spyder, Mi Department stores and Uno Factory outlets.
- Gadgets Magazine onNovember 9, 2019
The Cashalo experience at National Book Store locations is designed to be secure, convenient and fast. Customers can apply for a pre-approval through the Cashalo mobile app even before visiting a store, saving time as it allows customers to have visibility over their working budget in advance. Credit lines range from PHP 2,250 to PHP 19,999, depending on the approved credit amount.
-Manila Bulletin onOctober 14, 2019
Cashalo, a fintech platform that provides access to purpose-built financial services to create a more financially inclusive future for all Filipinos, joined Finovation 2019, an industry-wide forum on financial literacy and inclusion organized by eCompareMo. Themed “Real Solutions, Real Problems,” the forum brought together key industry experts, policymakers and stakeholders, to discuss the most pressing challenges faced by Filipino consumers in the financial services sphere.
-ABS CBN onOctober 17, 2019
That 8 out of 10 Filipinos are either unbanked or underserved is old news. We’ve been stuck with that statistic for years, so how do we improve that batting average? Fintech Alliance Vice Chairman Hamilton Angluben tells #ANCEarlyEdition how.
-Manila Bulletin onAugust 24
Cashalo rolled out its latest product, Pay with Cashalo—a digital-credit payment solution designed to provide a transparent and consumer-friendly payment alternative to cash and traditional credit. Echoing its mission of making digital financial services more easily accessible to everyone, including unbanked and underserved Filipinos, Pay with Cashalo gives unrivaled choice, freedom, and flexibility to address their lifestyle needs and manage their financial well being through secure, simple and convenient digital-credit payment options.
-Manila Bulletin onSeptember 23, 2019
To navigate the new age, industry leaders, policy makers, legislators, and other influential stakeholders must come together to prepare for the coming future or else risk being left behind.
A discussion brought into focus the disruption in the banking and finance sector. The panelists were Chuchi G. Fonacier, deputy governor of the Bangko Sentral ng Pilipinas; Chris Manguera, chief managing officer and head of marketing and app product at Mynt; Kenneth Palacios, head of Wallets Business at PayMaya Philippines; Hamilton Angluben, general manager at Cashalo; and Yu Ming Chin, founder and executive director of Viventis Search Asia.
-Manila Standard onSeptember 28, 2019
Allowing more ways to pay and more passengers to fly, leading budget airline Cebu Pacific teams up with Cashalo to offer fly now, pay later payment option. This alternative digital-credit payment solution can be used by both first-time and frequent travelers to purchase domestic flights worth P7,000 and below on the Cebu Pacific website (www.cebupacificair.com).
-Philippine Daily Inquirer onAugust 19
Cashalo has developed eight learning modules that cover basic financial concepts like budgeting, money management and credit. It also offers training on the responsible and efficient use of financing for microentrepreneurs to start and grow their small businesses. Financial technology (fintech) platform Cashalo has rolled out “Cash Academy,” a national financial literacy program that aims to develop a “more financially knowledgeable, responsible and empowered” generation of Filipinos.
-GMA Network onAugust 20
Budget carrier Cebu Pacific and mobile lending platform Cashalo have teamed up to launch a “Fly Now, Pay Later” program.
Officially launched in Makati City on Tuesday, the partnership will allow passengers of Cebu Pacific to book flights worth a maximum of P7,000 through the Cashalo platform.
-Philippine Daily Inquirer onAugust 21
Financial technology company Cashalo launched on Tuesday a new digital borrowing platform to tap the vast number of Filipinos unable to access formal sources of credit.
Cashalo, an app that was launched last year and had at least 1.5 million users, introduced Pay with Cashalo, which combined the ease of making purchases via credit cards but without the tough requirements that had kept their domestic market penetration rate low.
-Business World onJuly 18
Cashalo General Manager Hamilton C. Angluben said the lending firm ended the first semester with about 1.5 million registered users, greater than one million it earlier targeted. Cashalo also had more than a million financial identities and four million application downloads as of end-June.
-Business World onAugust 8
‘Cash Academy’ comprises of eight free learning modules and training resources aimed at delivering a holistic and practical overview of sound financial management. These cover concepts like budgeting, money management, and credit through a short video series accessible on both YouTube and their dedicated microsite.
After finishing the modules, visitors take a localized version of the World Bank’s seven-point financial literacy quiz, gauging their basic understanding of the topics covered and awarding them a digital certification for completing the course. Cashalo hopes to establish in the near future this certification as a formally recognized means to increase one’s credit score.
‘Cash Academy’ also offers training on responsible and efficient use of financing for micro-entrepreneurs to start and grow their small businesses.
-Philippine Star onAugust 18
Leading financial technology platform Cashalo has launched a nationwide financial literacy program aimed at developing a generation that is more financially knowledgeable, responsible, and empowered.
Cashalo said the launch of CashAcademy was in line with the company’s goal to provide every Filipino with the skills and services needed to be independent and more capable to improve their financial health and unlock economic potential.
- Philippine Daily Inquirer onJune 20
One year after its launch, the Cashalo app—which uses artificial intelligence, machine learning and antifraud algorithms to analyze a mix of traditional and nontraditional data to score “credit-invisible” people—has been downloaded to over three million phones and served over 1.3 million Filipinos.
-Philippine Star onJune 24
Cashalo has already helped over 1.3 million Filipinos build a financial identity, the company said. It continues to see rapid growth, with the Cashalo app in the phones of more than three million users and counting, said Hamilton Angluben, Cashalo general manager.
-Philippine Daily Inquirer onJuly 8
Fintech start-up Cashalo seeks to usher in more people into the financial system by pilot-testing a “nano-lending” program which offers loans that can be as little as P200 at zero interest. This program is seen to have the potential to exponentially grow Cashalo’s base of borrowers and thus help more people build financial identity in line with financial inclusion efforts.
- Manila Standard onJune 15, 2019
Launched in May 2018 and designed around the principles of inclusion, responsibility, and transparency, the financial technology firm is committed to improving the lives of Filipinos by empowering them with the tools and knowledge to nurture their financial well-being.
- The Daily Tribune onJune 13, 2019
The business was launched in May 2018 and designed around the principles of inclusion, responsibility, and transparency, “We are building a new equitable financial services infrastructure that unlocks economic opportunity for millions of unbanked and underserved Filipino consumers and businesses,” explains Angluben.
- fintechnews.sg onJune 7, 2019
Cashalo joins Fintech Singapore’s list of the 15 most “exciting new ventures” to keep a close eye on this year, as the Filipino fintech sector enters a new phase of innovative development.
- Business World onMay 28, 2019
“If consumers understand what they can spend, then it’s less likely that they will overspend. This is where Cashalo thrives: helping consumers make regular purchases ‘considered’ purchases, so it becomes easier for consumers to bridge the gap mentally and decide whether they simply ‘want a product’ or ‘need a product and are confident purchasing it,” Hamilton Angluben, Cashalo general manager, was quoted as saying in the statement.
- The Philippine Daily Inquirer onMay 27, 2019
With this first-of-its-kind preapproval feature, Cashalo said it could empower consumers to plan and manage their finances more responsibly by giving them complete visibility of their working budget in advance alongside the applicable interest rates.
- primer.com.ph onApril 1, 2019
Fintech industry’s Hamilton Angluben, General Manager of Cashalo, also shared insights as he is in the business of accelerating financial inclusion in the Philippines through loan and credit mobile apps.
- CNN Philippines onMarch 27, 2019
“At the core of our mission is a long-term commitment to building a financially inclusive society for all Filipinos, especially women and the underserved segments of our society,” said Hamilton Angluben, general manager of Cashalo – a leading mobile fintech platform in the Philippines.
- Speed Magazine onFebruary 27, 2019
While most people do their shopping online, there’s still a number of Pinoys that prefer the traditional way. Cashacart is an O2O (offline to online) basket financing solution made for the traditional shopper. With this setup, you can access digital credit from as low as 0% via the Cashalo app.
- backendnews.net onFebruary 16, 2019
Launched just three months ago, Cashacart received positive feedback from consumers who have tried this service. Cashacart caters to every consumer, from millennials to homemakers and young entrepreneurs, with a majority of its consumers experiencing the flexibility of installment loans for the first time.
- Inquirer.net onFebruary 13, 2019
Mobile app Cashalo, in partnership with Google, will offer eight financial literacy modules to help women in learning financial planning, management, and develop entrepreneurial skills and behavior.
- Manila Bulletin onFebruary 1, 2019
Digital solutions like Cashalo use mobile platforms and bleeding-edge technologies–artificial intelligence, machine learning, data science, and predictive analytics–as an enabler, to provide not just a strong alternative to credit-assessment but also easy access to affordable credit, effectively on-demand.
- Esquire Philippines onJanuary 30, 2019
Cashalo’s target market is the unbanked and underserved segment of the population, which is essentially the majority of Filipino adults. To address this, the mobile application is offering three loan products— Cashaloan, CashaQuick, and Cashacart—each more inclusive than the last.
- Inquirer.net onJanuary 18, 2019
Cashalo furthers its commitment to financial inclusion through its pioneering offline-to-online consumer financing product Cashacart, where users can purchase multiple products through a digital credit line. Inquirer.net interviews General Manager Hamilton Angluben and Head of Sales Gerard Betita.
- Esquire Philippines onJanuary 15, 2019
Esquire Philippines talked to Hamilton Angluben, the general manager of digital lending firm Cashalo. While he talked about the company’s strategy and the state of fintech in the Philippines, we couldn’t pass up the opportunity to ask an expert for tips on how we can better manage our finances this year.
- Business World onNovember 29, 2018
In a press briefing on Tuesday, the digital lending firm introduced Cashacart, a basket financing solution which enables clients to borrow between P2,000 and P19,999 to purchase items from Cashalo’s 250 retail partners.
- Manila Bulletin onNovember 28, 2018
In the Philippines, Oriente formed a joint venture with JG Summit, one of the country’s biggest conglomerates, and rolled out Cashalo, a mobile app that provides small loans to Filipinos. For a loan of between P2,000 ($38) and P5,000, the company’s rates can be 3.95 percent a month, plus 4 percent processing fee.
- Brand Magazine onNovember 27, 2018
Cashalo, the Filipino fintech company committed to accelerating financial inclusion for all, today announced the launch of Cashacart, the Philippines’ first-ever, O2O (offline to online) basket financing solution.
- Business World onNovember 20, 2018
As soon as that 13th month pay comes in, it’s easy to throw caution to the wind and ditch that meticulous budget plan you spent all year setting for yourself. Before you know it, harmless window shopping can snowball into an avalanche of debt. Luckily, as with many problems in the modern world, there’s an app (or ten) for that. Here are four tips from the fintech experts at Cashalo on how to get through the holidays with your wallets intact.
- orangemagazine.ph onNovember 17, 2018
The holiday shopping season has definitely arrived. Along with the festive spirit comes that feeling of anxiety, born out of the need to strike a balance between satisfying your Christmas lists and sticking to a healthy budget. The good news is that by going digital we can all become more responsible holiday shoppers.
- Newsbytes.ph onOctober 25, 2018
The emerging market for mobile-based micro-lending in the country welcomed yet another player as Cashalo made its formal launch in Makati City on Tuesday, October 23. Cashalo, a mobile lending platform backed by local conglomerate JG Summit and Hong Kong-based tech firm Oriente, has P10 billion as initial lending fund for underbanked consumers and MSMEs in the Philippines.
- ABS-CBN News onOctober 24, 2018
Cashalo, the Gokongwei group’s financial technology venture, said it was offering mall shoppers without credit cards access to on the spot financing in time for the Christmas shopping rush. Cashacart, on pilot testing in the group’s own Robinsons Malls, allows shoppers to choose items in physical stores and pay for up to P10,000 using the Cashalo app. Installment schemes for up to 24 months are available.
- The Philippine Star onOctober 24, 2018
Financial technology firm Cashalo launched its stand-alone mobile app as part of its commitment to help boost financial inclusion in the country. The venture intends to deliver access to affordable and secure credit for millions of underbanked Filipino consumers as well as micro, small and medium enterprises (MSMEs) in the Philippines who need access to reliable and trusted financing options.
- Entrepreneur Philippines onOctober 24, 2018
Fast is an understatement. Unlike banks that often take several days to process a loan, Cashalo can approve a loan as soon as 10 minutes after an individual applies for one. Moreover, two of its products allow for the money to be disbursed to a user’s bank account in 30 minutes after a loan is approved.
- Philippine News Agency onOctober 24, 2018
Cashalo General Manager Hamilton Angluben stresses the company’s “very aggressive financial literacy campaigns” scheduled for the months and years ahead, in efforts to make borrowers wise and prudent when it comes to saving and investing.
- Manila Bulletin onOctober 23, 2018
Mobile app Cashalo, a joint venture between JG summit subsidiary and Hong-Kong based Oriente, is scounting for more partners to boost its fintech business and to become one of the biggest in the country.
- ABS-CBN News onOctober 15, 2018
Cashalo General Manager Hamilton Angluben talks to ANC’s Early Edition about the company’s growth trajectory since it’s beta launch mid this year.
- Business World onOctober 15, 2018
In an exclusive interview with Business World, Cashalo’s General Manager Hamilton Angluben talks about how the company is in “hyper-growth” mode through its cash loan and consumer loan products.
- The Daily Tribune onOctober 11, 2018
Cashalo, the Filipino technology and financial services company helping build a more equitable future for Filipinos, is committed to support the Bangko Sentral ng Pilipinas (BSP) in its mission to provide more financial access and choice for underserved communities and MSMEs.
- Manila Standard onSeptember 8, 2018
Cashalo partnered mobile phone manufacturer Vivo PH and other local and international companies (IMI Global and Philippine Airport Ground Support Solutions, Inc.) to further accelerate financial inclusion for Filipinos.
- Business Mirror onAugust 15, 2018
Cashalo, the #1 solution that gives Filipinos financial freedom through fast and affordable access to credit on-demand, and GetGo, Cebu Pacific’s lifestyle rewards program, announced today a new partnership that will provide GetGo members with greater flexibility and opportunity while planning their next getaway.
- crucialperspective.com onJune 8, 2018
John Gokongwei’s JG Summit Holdings Inc has teamed up with Fintech startup Oriente to invest US$200 million in a mobile-based venture that will provide financial services to millions of unbanked Filipinos. Interestingly, it’s also the parent company of Cebu Pacific Air. While the airline’s involvement has not been announced, the joint venture does raise the intriguing possibility of Cashalo tapping into Cebu Pacific Air’s wealth of passenger data.
- Spot.ph onJune 18, 2018
In the same way that the app provides financial relief to the cash-strapped, the Cashalo office is designed to alleviate its employees of as much stress as possible. “The focus is on increasing the well-being and productivity of its employees”
- Philstar onJune 14, 2018
Through the platform, proponents aim to enable millions of customers, including those with no credit history, to participate in the global economy by having access to financing.
Geoffrey said the venture targets to have half a million users by the end of the year and 1,000 employees to handle loan verification and processing, among others.
- Philippine Daily Inquirer onJune 07, 2018
Gokongwei-led JG Summit Holdings and Hong Kong-based global financial services and technology firm Oriente are jointly investing at least P10 billion in rolling out Cashalo, a new mobile lending platform that offers cheaper credit to people who are not served by the formal banking system.
- Bloomberg onJune 06, 2018
Billionaire John Gokongwei, owner of the Philippines’ largest snack maker and budget airline, and a Skype Inc. founder will invest as much as $200 million over three years to lend to millions of unbanked Filipinos.
The venture, set up last year by Gokongwei’s JG Summit Holdings Inc. and financial-technology startup Oriente, seeks to give credit through a digital platform to Filipinos who often resort to loan sharks because they lack access to formal banking services. Its expansion comes as the central bank encourages emerging technologies to spur financial inclusion in a country where more than 70 percent of adults have no bank accounts.
- The Philippine Star onJune 07, 2018
A subsidiary of JG Summit Holdings Inc. has formed a joint venture with China-
Gokongwei-owned JG Summit Holdings Inc. and Hong Kong-based Oriente are pouring in P10 billion over the next three years to build and expand the reach of Cashalo, a mobile application that provides on-demand access to loans to Filipinos.
Cashalo, a mobile-first lender, is part of the joint venture of JG Summit subsidiary Express Holdings Inc. and Oriente, which seeks to accelerate financial inclusion in the Philippines by providing loans to the unbanked sectors in the country.
- Inquirer.net onAugust 01, 2017
Greater China-based Oriente and Express Holdings, Inc. (a subsidiary of JG Summit Holdings, Inc.), through an exclusive partnership, will address the financial exclusion problem of underbanked consumers and MSMEs in the Philippines.
- Philstar onAugust 02, 2017
A subsidiary of JG Summit Holdings Inc. has formed a joint venture with China-based Oriente to set up a digital financial service company to serve underbanked consumers and micro, small and medium enterprises in the Philippines.
Specifically, the joint venture will put up a marketplace that will enable Filipinos to tap into credit facilities for their financial needs such as tuition, medical expenses or small business.