5 months GCredit extends P1-B credit to consumers MB |Biz
By Bernie Cahiles-Magkilat GCredit, the first mobile, QR-based credit line available in the Philippines, has extended P1 billion in credit to consumers only a year after it was introduced in the country. With 250,000 credit lines and impressive default rates, GCredit has successfully scaled an emerging lending model that is data-driven and fully digital to provide loan solutions to the underserved. Anthony Thomas, Chief Executive Officer and President of Mynt (Globe Fintech Innovations) which operates GCredit, said the mobile credit facility promotes Mynt’s vision for financial inclusion by giving people access to credit based on trust instead of the usual ... more